Total amount raised
$748.6 Million
Latest funding date
7/1/2024
Location
Figma has successfully navigated nine funding rounds, attracting investments from 49 investors, including notable names like WndrCo and Thrive Capital. The platform offers a comprehensive suite of tools for collaborative design, enabling teams to create, prototype, and test digital products seamlessly.
Keep reading to explore the intricacies of Figma's fundraising journey and the investors backing this innovative platform.
What Is Figma?
Figma, headquartered in San Francisco, California, is a leading collaborative design tool company. It operates in various industries, including software, UX design, web development, and developer tools. The platform enables teams to create, prototype, and test digital products seamlessly.
Founded by a team of innovators, Figma has grown significantly, employing between 1001 and 5000 people. The company is publicly traded and has raised substantial funding through multiple rounds, reflecting its strong position in the tech and design industry.
How Much Funding Has Figma Raised?
- Seed Round
- Amount Raised: USD 3,874,996
- Date: June 2013
- Lead Investors: Index Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of the platform and bring the product to market.
- Series A
- Amount Raised: USD 14,000,000
- Date: December 2015
- Lead Investors: Greylock
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the team and accelerate product development.
- Series B
- Amount Raised: USD 25,000,000
- Date: February 2018
- Lead Investors: Kleiner Perkins
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's features and enhance user experience.
- Series C
- Amount Raised: USD 40,000,000
- Date: February 2019
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support rapid growth and expand market reach.
- Series D
- Amount Raised: USD 50,000,000
- Date: April 2020
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop collaborative features and enhance platform capabilities.
- Series E
- Amount Raised: USD 200,000,000
- Date: June 2021
- Lead Investors: Durable Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate global expansion and invest in new product features.
- Series F
- Amount Raised: USD 415,749,740
- Date: May 2024
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support continued growth and innovation in design tools.
- Secondary Market
- Amount Raised: USD 700,000,000
- Date: July 2024
- Lead Investors: Alkeon Capital, Coatue, General Catalyst
- Valuation at Round: USD 12.5 billion
- Motivation Behind the Round: To support growth and development, aiming to surpass $1 billion in annual recurring revenue.
- Post-IPO Equity
- Amount Raised: Not publicly disclosed
- Date: December 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue expanding the platform and enhancing its capabilities.
Total Amount Raised: USD 1,448,624,736
Current Valuation: USD 12.5 billion
Key Investors
- WndrCo
- Details: WndrCo is a media and technology investment firm founded by Jeffrey Katzenberg. The firm focuses on investing in companies that are at the intersection of media and technology.
- Investment Focus Areas: Media, technology, entertainment.
- Notable Investments: Quibi, MasterClass, The Infatuation.
- Thrive Capital
- Details: Thrive Capital is a venture capital firm founded by Joshua Kushner. The firm invests in internet and software companies at various stages of growth.
- Investment Focus Areas: Internet, software, technology.
- Notable Investments: Instagram, GitHub, Stripe.
- Andreessen Horowitz
- Details: Andreessen Horowitz, also known as a16z, is a venture capital firm founded by Marc Andreessen and Ben Horowitz. The firm invests in technology companies at various stages.
- Investment Focus Areas: Technology, software, internet.
- Notable Investments: Facebook, Twitter, Airbnb.
- Sequoia Capital
- Details: Sequoia Capital is a venture capital firm that has been investing in early-stage and growth-stage companies since 1972. The firm is known for its successful investments in technology companies.
- Investment Focus Areas: Technology, healthcare, consumer.
- Notable Investments: Apple, Google, WhatsApp.
- General Catalyst
- Details: General Catalyst is a venture capital firm that invests in early-stage and growth-stage companies. The firm aims to partner with founders to build enduring companies.
- Investment Focus Areas: Technology, healthcare, consumer.
- Notable Investments: Airbnb, Stripe, Snap Inc.
What's Next for Figma?
Figma's future is brimming with opportunities, particularly in expanding its AI features and cloud-based design tools. With a valuation of $12.5 billion and annual recurring revenue projected to surpass $1 billion, the company is well-positioned to attract further investments. The demand for collaborative and no-code design tools continues to grow, providing a fertile ground for Figma's innovative solutions.
However, the path forward is not without challenges. Technical setbacks in AI tool development and regulatory hurdles, as seen in the terminated Adobe acquisition, could pose significant obstacles. Additionally, maintaining a competitive edge in a rapidly evolving industry will require continuous innovation and strategic planning.
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