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Figma is a San Francisco-based cloud software company that develops a collaborative platform enabling product teams to design, prototype, and build digital interfaces in real time. Operating primarily through a subscription-based business model, the firm offers core products including Figma Design, the FigJam whiteboard tool, and a specialized developer environment. The company completed its initial public offering in July 2025 at $33 per share, achieving a $56 billion market capitalization. Figma demonstrated strong financial performance as a newly public entity, reporting $303.8 million in Q4 2025 revenue to mark a 40% year-over-year increase. Prior to its public market debut, the enterprise raised approximately $333 million in private capital from lead venture investors including Index Ventures, Greylock Partners, and Sequoia Capital. Figma was founded in 2012 by Dylan Field and Evan Wallace.
Figma has raised $333.0M across 9 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.
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.
Figma has raised $333.0M across 9 funding rounds. Most recently, it raised Figma Valuation 2021-06-01 in June 2021 at a valuation of approximately $26.0M.