Omar Hamoui Posts

PicsArt raises $10 million in Series A funding

PicsArt Logo
PicsArt is a mobile community that lets users make beautiful images. PicsArt has announced that they have raised $10 million in Series A funding from Sequoia Capital. Omar Hamoui of Sequoia will be joining the board of directors at PicsArt. More details below:

PRESS RELEASE

San Francisco, Calif. — Feb 5, 2015 — PicsArt, the largest mobile community empowering creatives to make beautiful images, today announced that it has partnered with Sequoia and raised $10 million in series A funding. The new investment marks the first-ever institutional round of funding for the previously bootstrapped and profitable mobile community.

Unlike other applications that are focused on capturing and sharing images, PicsArt has cultivated a massive following of consumers interested in creating and collaborating. They use the app’s powerful editing tools to remix each other’s photos, images and drawings. The startup has driven more than 200 million organic app downloads and has nearly 60 million monthly active users, ranking toward the top of global charts on Apple’s App Store and Google Play.

The partnership with the Sequoia team that has backed the founders of celebrated apps like Instagram and WhatsApp was led by Sequoia partner and AdMob founder Omar Hamoui. He will also join PicsArt’s Board of Directors.

“The first generation of photo apps were based primarily on sharing,” said Omar Hamoui, partner at Sequoia. “PicsArt is leading a significant evolution in the category: now the co-creation and editing of one another’s photos is driving viral adoption. PicsArt’s rapid, organic growth makes the case that the next era of expression will be based not only on sharing, but creativity and collaboration as well.”

PicsArt also recently debuted a major update that makes it easier than ever to discover and collaborate on mobile art. Together, these announcements cement PicsArt’s place as one of the world’s best and largest mobile community of creative collaborators.

“The creativity and collaborative spirit of our users sets PicsArt apart. People connect and build friendships around style, hobbies, and images,” said Hovhannes Avoyan, founder and CEO of PicsArt. “Thanks to this partnership with one of the world’s most successful investors, we can accelerate our mission to beautify the world through images.”

Anyone with a smartphone can download the PicsArt app from the App Store, Google Play, Amazon or Windows. To learn more, go to www.PicsArt.com.

About PicsArt
PicsArt is the largest mobile community of creatives and creative images. The company’s U.S. office is based in San Francisco, California with a focus on enabling anyone to be creative, share, socialize, discover, learn and be inspired. The app has been installed over 200 million times and continues to expand and improve, so anyone can unleash their creativity and discover their inner artist. For more, please visit www.picsart.com

About Sequoia
The Sequoia team helps a small number of daring founders build legendary companies. We spur them to push the boundaries of what’s possible. In partnering with Sequoia, companies benefit from our unmatched community and the lessons we’ve learned over 40 years working with Steve Jobs, Larry Ellison, John Morgridge, Jerry Yang, Elon Musk, Larry Page, Jan Koum, Brian Chesky, Drew Houston, Adi Tatarko and Jack Dorsey, among many others. In aggregate, Sequoia-backed companies account for more than 20% of NASDAQ’s total value. We’re proud that their success also fuels great causes: since 2000 alone we have returned more than $10 billion to non-profits like the Ford Foundation, Mayo Clinic and MIT.

Kahuna receives $11 million in funding

Kahuna Logo
Kahuna is a startup that focuses on marketing automation for mobile devices. Kahuna has received $11 million in funding. This round of funding was led by Sequoia Capital. Sequoia partner and AdMob founder Omar Hamoui is going to join the board of directors at Kahuna. Kahuna’s customers include 1-800-FLOWERS, Yahoo!, and ThredUp. These brands use Kahuna to send push notifications at the right time to get downloaders to come back more often.
[Source: Recode]

Kiwi Raises $9 Million From Sequoia Capital, Omar Hamoui, and Charles Huang

Kiwi Logo
Kiwi
is an Android mobile game developer that has raised $9 million from Sequoia Capital.  AdMob founder Omar Hamoui and Guitar Hero co-creator Charles Huang also contributed in this round.  All of the games that Kiwi has created are on Google Play’s Top 11 grossing games and have high ratings.

Continue reading →

AdMob Founder Omar Hamoui To Join Sequoia Capital


Omar Hamoui is known for being the founder of AdMob, a mobile advertising company that Google acquired for $750 million in 2009.  Hamoui will now be joining venture capital firm Sequoia Capital as an investment partner in a few weeks.  Sequoia Capital was a supporter of Hamoui’s since the beginning as they invested in AdMob when he ran the company by himself.

Continue reading →

Gigwalk Raises $6 Million, Partners With Microsoft Bing

Gigwalk is a mobile application company where users can post “gigs” or jobs from companies based on their location.  Gigwalk has raised a $6 million Series A round of funding from August Capital along with existing investors Greylock, Harrison Metal, SoftTech VC, Founder Collective, and AdMob founder Omar Hamoui.

Continue reading →

Former AdMob Team Omar Hamoui and Mike Rowehl Partners With Sequoia To Launch Churn Labs


AdMob founder Omar Hamoui and the company’s first engineer Mike Rowehl has partnered with venture capital firm Sequoia Capital to launch Churn Labs. Churn Labs will be a startup incubator similar to Idealab. Churn Labs currently has 5 employees across 2 offices (San Mateo and Irvine). They hope to average 12 employees and will be spending about $2 million per year on operations. The target is to give startup employees around 60% equity in spun off companies while Churn will maintain 40% ownership. Sequoia will also get a part of equity in each startup, but won’t have any other rights. [TechCrunch]

Offermatic Raises $4.5 Million In Series A


Offermatic is a free online service that helps people save money automatically through your credit or debit card. Offermatic has raised $4.5 million in Series A investment led by Kleiner Perkins Caufield & Byers, SV Angel investor Ron Conway, former AdMob CEO Omar Hamoui, and early execs from Facebook/Mint.com. Hamoui will be joining the board of directors. Offermatic launched in beta in December 2010. By linking existing credit cards and debit cards to Offermatic, people can receive discounts on products and services without having to redeem coupons.

AdMob CEO Omar Hamoui Steps Down From Google


AdMob CEO Omar Hamoui has stepped down from Google Inc. (NASDAQ:GOOG) after working there for five months. Google acquired AdMob last November for $750 million. Hamoui is leaving for personal reasons. Between November 2009 and May 2010, Google’s acquisition of AdMob was held up because of federal investigation. AdMob employees’ incentives began to vest when the deal was completed around November 2009. Supposedly AdMob’s integration into Google has not been going swimmingly. Many executives are leaving Google as a result. Anytime an AdMob employee has an idea, it has to go through many layers and departments at Google. [TechCrunch]