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§ Public · San Francisco, CA, USA
Cloud-based design and prototyping platform for UI/UX design, enabling real-time team collaboration for designers, product teams, and enterprises.
Figma is a San Francisco-based software company that provides a cloud-based design and prototyping platform for user interface and user experience professionals. The platform operates on a freemium business model, enabling real-time collaboration and seamless developer handoff directly within web browsers for scaling enterprise product teams. Following a terminated $20 billion acquisition attempt by Adobe two years prior, the company filed for an initial public offering and began trading on the NYSE under the ticker FIG in July 2025, closing its first day of trading with a $56.3 billion market value. Backed by early investors such as Index Ventures and the Thiel Fellowship, the publicly traded enterprise reached a $68 billion valuation by August 2025, up from a $10 billion private valuation in 2021. Figma was founded in 2012 by Dylan Field and Evan Wallace.
Figma has raised $1.0B across 8 funding rounds.
Key people at Figma.
Figma is a browser-based collaborative design platform for product teams, used for UI/UX design, prototyping, and developer handoff.
Yes. Figma trades on NYSE under ticker FIG. It went public July 31, 2025 at $33/share.
Figma grew Q4 2025 revenue 40% YoY to $303.8M with 136% net dollar retention.
Adobe's $20B acquisition was blocked by regulators in Dec 2023. Figma received a $1B termination fee and IPO'd at $56B market cap.
Dylan Field and Evan Wallace co-founded Figma in 2012.
Figma is a browser-based collaborative design platform for product teams, used for UI/UX design, prototyping, and developer handoff.
Yes. Figma trades on NYSE under ticker FIG. It went public July 31, 2025 at $33/share.
Figma grew Q4 2025 revenue 40% YoY to $303.8M with 136% net dollar retention.
Adobe's $20B acquisition was blocked by regulators in Dec 2023. Figma received a $1B termination fee and IPO'd at $56B market cap.
Dylan Field and Evan Wallace co-founded Figma in 2012.
Figma has raised $1.0B across 8 funding rounds. Most recently, it raised $700.0M Other Equity in July 2024.
Product
Figma is a browser-based design tool built on WebGL that enables real-time multiplayer collaboration. Product teams use it for UI/UX design, prototyping, design systems, and developer handoff. Key products include:
History
Q4 2025 Earnings
Figma's Q4 2025 results validated the post-IPO thesis:
The Adobe Backstory
In September 2022, Adobe announced a $20 billion acquisition of Figma — one of the largest software deals ever proposed. Regulators in the US, EU, and UK raised antitrust concerns, and the deal was terminated in December 2023. Figma received a $1 billion termination fee.
What looked like a disaster turned into a gift. Free from acquisition limbo, Figma shipped AI features, expanded enterprise sales, and accelerated product development. The [IPO](https://startupintros.com/news/2025-07-31-figma-ipo) 18 months later valued the company at nearly triple what Adobe offered.
Competitive Position
Figma owns collaborative design. [Adobe](https://startupintros.com/orgs/adobe) Creative Cloud is stuck in single-digit growth. [Canva](https://startupintros.com/orgs/canva) owns self-serve creation at $4B ARR. Both are outrunning Adobe from different directions — Figma with enterprise collaboration, Canva with AI-powered self-serve.
Key Investors
Kleiner Perkins, Greylock Partners, Index Ventures, Sequoia Capital, Andreessen Horowitz. Total pre-IPO funding: $330M+.
Key people at Figma.
