SoftBank Vision Fund II helped the content creation platform developer achieve unicorn status and hike its overall funding to $195m.

Telecommunications and internet group SoftBank’s Vision Fund II led a $130m series C round yesterday for Picsart, the US-based developer of an online photo and video editing platform.

The round also featured G Squared, Tribe Capital, Sequoia Capital, DCM, Graph Ventures and Siguler Guff & Company, and valued the company in excess of $1bn.

Founded in 2012, Picsart has developed a suite of creative software to edit photo and video content, and boasts 150 million monthly active users across 180…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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