Picsart Named One of the Fastest Growing Companies in America by Inc. Magazine

Picsart ranks No. 375 on the 2021 Inc. 5000

SAN FRANCISCO--(BUSINESS WIRE)--Picsart, the world’s largest creative platform, today announced that it made No. 375 on the annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest growing companies. The list represents a unique look at the most successful businesses in the American economy today, and comes on the heels of Picsart’s rank as one of the top 20 most downloaded apps worldwide in Q2 and all of 2020 according to SensorTower.

“This recognition reflects an exciting time of growth for our company,” said Hovhannes Avoyan, Founder and CEO of Picsart. “It’s evidence of our belief that everyone can be creative, and the success of our mission to empower creators everywhere. We’re excited to continue this momentum, grow our world-class team and technology, and deliver the best creative platform worldwide.”

Picsart is recognized on the 2021 Inc. 5000 list as the company surges in global downloads, employees and revenue. This year, Picsart opened an office in the U.K., announced the hiring of CFO Craig Foster, and launched its brand refresh. To date, Picsart has been installed on more than 1 billion devices and ranks among the top-grossing photography and video apps worldwide, alongside YouTube and Instagram.

“The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled,” said Scott Omelianuk, editor-in-chief of Inc. “Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we’ve lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people.”

As a top 500 company, Picsart is featured in Inc.’s September issue, which is available on newsstands.

Methodology

Companies on the 2021 Inc. 5000 are ranked according to percentage revenue growth from 2017 to 2020. To qualify, companies must have been founded and generating revenue by March 31, 2017. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2020.

About Inc. Media

The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. For more information, visit www.inc.com.

About Picsart

Picsart is the world’s #1 creative platform and a top 20 most downloaded app. Every month, the Picsart community creates, remixes and shares millions of visual stories using the company’s powerful and easy-to-use editing tools. Picsart has amassed one of the largest open-source content collections in the world, including free-to-edit photos, stickers, backgrounds, templates, and more. Picsart is available in 30 languages for free and as a subscription on iOS, Android, and Windows devices. Picsart is backed by Sequoia Capital, DCM Ventures, Insight Partners, and Siguler Guff & Company. Download the app or visit picsart.com for more information.