Figma — Startup Profile
Where teams design together — the collaborative interface design tool
HQ: San Francisco, CA, United States | Founded: 2012 | Employees: 2,387 (Q1 2025) | Stage: Public (NYSE: FIG) | Website: https://www.figma.com
About
Figma is a browser-based collaborative interface design platform founded in 2012 by Dylan Field (CEO) and Evan Wallace. Headquartered at 760 Market St, San Francisco, Figma pioneered multiplayer vector editing via WebGL and CRDTs, eliminating the file-sync paradigm of legacy tools like Sketch and Adobe XD. The platform now serves 13M+ monthly active users and 90%+ of the Fortune 500, with 85% of weekly active users outside the US. Core products include Figma Design for interface design and prototyping, FigJam for online whiteboarding, Dev Mode for design-to-code handoff, Figma Slides for presentations, plus newer AI and publishing tools: Figma Draw (vector illustration), Figma Sites (Beta, website publishing), Figma Buzz (Beta, marketing asset creation), and Figma Make (AI prompt-to-code functional prototypes).
Figma raised $332M in primary capital ($749M including tender/secondary) from Andreessen Horowitz, Sequoia Capital, Kleiner Perkins, Greylock, Index Ventures, Durable Capital, Coatue and others, reaching a $10B valuation at its $200M Series E in June 2021. Adobe agreed to acquire Figma for $20B in September 2022, but the deal was terminated in December 2023 under regulatory pressure (UK CMA/EU), with Adobe paying Figma a $1B breakup fee. Figma then raised at a $12.5B tender valuation in May 2024 before going public on July 31, 2025 on the NYSE under ticker FIG at $33/share, raising $1.22B at a ~$19.3B fully diluted valuation and surging to $68B on its first day of trading. FY2024 revenue was $749M (+48% YoY), with Q1 2025 revenue of $228M (+46% YoY).
The Take
Figma redefined interface design by moving it to the browser with real-time multiplayer collaboration — Google Docs for designers. After scaling to $749M FY2024 revenue (+48% YoY) and surviving Adobe's $20B acquisition attempt (terminated Dec 2023 with $1B breakup fee), Figma completed one of 2025's most anticipated IPOs on July 31, 2025 at $33/share (~$19.3B fully diluted), surging to a $68B intraday peak on day one. With 13M+ monthly active users, 90%+ Fortune 500 penetration, and an expanding platform (Design, FigJam, Dev Mode, Slides, Make AI), Figma is consolidating the $30B+ collaborative design market against Adobe, Canva, and Framer.
Key Metrics
- IPO Valuation (FD): ~$19.3B at $33/share (Jul 31, 2025)
- Day 1 Peak Market Cap: $68B intraday
- Latest Private Valuation: $12.5B tender (May 2024)
- Total Funding (Primary): $332M
- Total Funding incl. Tender: $749M
- Revenue FY2024: $749M (+48% YoY)
- Revenue Q1 2025: $228M (+46% YoY)
- Employees: 2,387 (Q1 2025)
- Founded: 2012
Funding Rounds
- Round: $3.87M (2013-12-01) — Terrence Rohan, Daniel Gross
- Round: $14M (2015-12-01) — Greylock Partners
- Round: $25M (2018-02-01) — Kleiner Perkins
- Round: $40M (2019-04-01) — Sequoia Capital
- Round: $50M (2020-04-01) — Andreessen Horowitz (a16z)
- Round: $200M (2021-06-01) — Durable Capital Partners
- Round: $415M+ (tender) (2024-05-01) — Andreessen Horowitz, Sequoia, Kleiner Perkins, Fidelity
- Round: $1.22B (2025-07-31) — Morgan Stanley, Goldman Sachs, Allen & Co., J.P. Morgan (underwriters)
Key People
- Dylan Field
- Evan Wallace
- Yuhki Yamashita
- Praveer Melwani
- Kris Rasmussen
Key Competitors
- Adobe XD / Creative Cloud —
- Canva —
- Sketch —
- Framer —
- Miro —
- InVision / Marvel / ProtoPie —
Timeline Highlights
- 2025-07-31: Figma IPO on NYSE: FIG at $33/share
- 2025-04-15: Figma files S-1 for IPO
- 2024-06-01: Figma Slides, Make, Sites, Buzz announced at Config
- 2024-05-01: Tender offer at $12.5B valuation
- 2023-12-11: Adobe-Figma acquisition terminated; $1B breakup fee
- 2023-01-01: Dev Mode launches in beta
- 2022-09-15: Adobe agrees to acquire Figma for $20B
- 2021-06-01: Series E $200M at $10B led by Durable
- 2021-04-01: FigJam launches
- 2020-04-01: Series D $50M led by a16z at $2B
- 2019-04-01: Series C $40M led by Sequoia
- 2018-02-01: Series B $25M led by Kleiner Perkins
- 2016-09-01: Figma launches in public beta
- 2015-12-01: Series A $14M led by Greylock
- 2013-12-01: Seed round $3.87M
- 2012-01-01: Figma founded by Dylan Field and Evan Wallace
Recent News
- Figma's IPO Soars: Stock Triples in Debut After $1.22B Raise (2025-08-01)
- Adobe Pays Figma $1B After $20B Deal Collapses Under Regulator Pressure (2023-12-11)
- Figma Hits $749M Revenue, 48% Growth Ahead of IPO — S-1 Takeaways (2025-04-15)
- Figma Unveils Make, Sites, Buzz, and Draw at Config 2024 (2024-06-26)
- Figma Valued at $12.5B in Tender Offer Led by a16z and Fidelity (2024-05-16)
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