# Hovhannes Avoyan

> Hovhannes Avoyan is a seed investor at Picsart (San Francisco) backing Apps and Mobile. See 3 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Picsart](https://shizune.co/investors/profile/picsart)
- Location: San Francisco, United States
- Total investments: 3
- Last investment: Jun 2021
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/avoyan/
- X (Twitter): https://twitter.com/PicsArtStudio
- Website: http://picsart.com
- Facebook: https://www.facebook.com/hovhannes

Hovhannes Avoyan is a seed investor at Picsart in San Francisco focused on Apps and Mobile. Hovhannes Avoyan is based out of North Miami Beach, Florida and is the Founder & CEO of Picsart. Hovhannes previously worked at Krisp as an Advisor. Hovhannes Avoyan attended the American University of Armenia.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $100k–$6M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Apps | 1 | 33% |
| Mobile | 1 | 33% |
| Software | 1 | 33% |
| Training | 1 | 33% |
| Education | 1 | 33% |

6 industries tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Armenia | 1 | 33% |
| United States | 1 | 33% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| InSpace | Built for educators by educators, InSpace Proximity, Inc. is a socially intuitive video learning platform that allows you to teach online the way you would in a classroom. The company's technology replicates the personal interaction students and faculty crave that was lost when colleges, universities and K-12 classrooms introduced virtualeducation. In addition to being lifelong friends, co-founders Dr. Narine Hall and Haykanush Lputyan are experts in machine learning, data science, and online video education technologies. | $6M | Seed | Jun 08, 2021 |  |
| InSpace | Built for educators by educators, InSpace Proximity, Inc. is a socially intuitive video learning platform that allows you to teach online the way you would in a classroom. The company's technology replicates the personal interaction students and faculty crave that was lost when colleges, universities and K-12 classrooms introduced virtualeducation. In addition to being lifelong friends, co-founders Dr. Narine Hall and Haykanush Lputyan are experts in machine learning, data science, and online video education technologies. | $2.6M | Seed | Jan 26, 2021 |  |
| Eye Care Plus Exercise | Eye Care Plus Exercise is an eye exercise and everyday vision therapy mobile application platform. The application includes exercise categories for eye relaxation, dry eye, lazy eye and eye tests to track vision improvement. It was founded in October 2013. | $100K | Seed | Oct 01, 2015 |  |

3 of 3 investments shown.

## Co-investors
- [Boston Seed Capital](https://shizune.co/investors/profile/boston-seed-capital) — VC Fund, 2 deals together
- [Gutbrain Ventures](https://shizune.co/investors/profile/gutbrain-ventures) — VC Fund, 2 deals together
- [PBJ Capital](https://shizune.co/investors/profile/pbj-capital) — VC Fund, 2 deals together
- [Chang Corporation](https://shizune.co/investors/profile/chang-com-0014) — VC Fund, 1 deal together

## About Picsart

VC Fund · San Francisco, United States

Picsart is the world’s largest digital creation platform. Its AI-powered tools allow creators of all levels to design, edit, draw and share photo and video content. Picsart has amassed one of the largest open-source content collections in the world, including photos, stickers, backgrounds, templates, and more. Used by consumers, marketers, contentcreators and businesses, Picsart is used for both personal and professional design. Available on mobile and web, Picsart offers its world class image editing and processing tools to businesses through APIs and an SDK. Headquartered in Miami, with offices around the world, Picsart is backed by SoftBank, Sequoia Capital, DCM Ventures, Insight Partners, and others. Download the app or visit picsart.com for more information.

5 contacts available at Picsart.

| Name | Title | Profile |
| --- | --- | --- |
| Mikayel Vardanyan | CPO | https://shizune.co/investors/profile/mikayel-vardanyan |
| Tammy H. Nam | COO | https://shizune.co/investors/profile/tammy-h-nam |
| Armen Abroyan | Director Of Engineering | https://shizune.co/investors/profile/armen-abroyan |
| Artavazd Mehrabyan | Co-Founder & CTO | https://shizune.co/investors/profile/artavazd-mehrabyan |
| Hovhannes Avoyan | Founder & CEO | https://shizune.co/investors/profile/hovhannes-avoyan |

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## FAQ

### What does Hovhannes Avoyan invest in?

Hovhannes Avoyan invests primarily in Apps, Mobile and Software startups, most often at Seed stage. Most of the 3 investments tracked by Shizune back companies in Armenia. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Hovhannes Avoyan's check size?

Hovhannes Avoyan typically joins rounds of $100k–$6M at Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Hovhannes Avoyan participates in.

### When did Hovhannes Avoyan last invest?

The most recent investment recorded for Hovhannes Avoyan closed in Jun 2021. Shizune tracks 3 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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