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Apps Graphic Design North America Photo Editing Photography Social Media Video Editing

Picsart Raises $130 Million to Expand its Creator Platform, Valuing the Company at More Than $1 Billion

– Picsart announced it has raised $130m in Series C funding.
– The round was led by SoftBank Vision Fund 2 with participation from G Squared and Tribe Capital, as well as existing investors Sequoia, DCM, Graph Ventures, and Siguler Guf & Company.
– With over $100m in annual revenue run rate, Picsart is now valued at over $1bn.
– The company has raised a total of $195m in capital since its founding.
– With users in 180 countries, Picsart’s base of more than 150 million monthly active users produce more than 1bn edits each month, making it the largest community for Gen Z creators.

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North America Social Network Video Editing Video Streaming

LitPic Raises $1.5M in Venture Capital

– LitPic is a social network for creator monetization through subscription, ‘Lits’ gifting and tipping and brand sponsorships.
– Сompany has raised $1.5M in venture capital from a prolific group of investors.
– Backers included Fritz Lanman (CEO of ClassPass), Kal Vepuri (Brainchild), Adrian Aoun (founder of Forward), Michael Arrington via Arrington Capital (Founder of TechCrunch), Tod Sacerdoti, Andreas Penna, and Tribe Capital.

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Content Content Discovery Gaming North America Social Media Video Editing

Allstar Gaming Bags $3.85M Seed Financing

– Allstar Gaming has raised $3.85m in Seed funding led by New York Angels.
– Members of the New York Angels led the round with investments from Studio.vc, Emerging Ventures and J-Ventures.
– Also involved are angel groups from the Harvard Business School Alumni Angels from the New York area, Miami Angels, Gaingels and Sand Hill Angels, as well as several individual investors.

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Content Content Discovery Gaming North America Social Media Video Editing

Allstar Raises $3.85 Million to Democratize Gaming Content

– Allstar, a consumer technology startup focused on democratizing the creation of gaming content, today announced a $3.85m seed round led by members of New York Angels.
– Founded in 2019, Allstar enables everyday gamers to easily capture and share high-quality snackable highlights with a growing network of supportive users (allstar.gg).
– Other investors in the round included venture capital firms Studio.vc, J-Ventures and Emerging Ventures, as well as angel groups Harvard Business School Alumni Angels of Greater New York, Miami Angels, Gaingels, and Sand Hill Angels, and several individual investors whose professional experience span across companies like Twitch, Riot Games, and Zynga.

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