Figma joined the Unicorn Club on April 30, 2020. Headquartered in San Francisco, California, United States, Figma provides a collaborative platform for interface design, prototyping, and development. The platform supports real-time multi-user collaboration, vector editing, design systems, prototyping, automatic layout adjustments, batch editing, and high-fidelity prototypes for enterprise and individual designers.
Keep reading to learn how Figma became a leader in collaborative design and product management tools.
What Is Figma and What Does It Do?
Founded in 2012, Figma offers a cloud-based platform for interface design, prototyping, and development. It enables real-time collaboration among multiple users, supports design systems, and facilitates brainstorming, diagramming, and strategic planning. Figma helps designers and developers create high-fidelity prototypes, streamline workflows, and integrate seamlessly with development processes.
How Much Funding Has Figma Raised?
1. Seed Round
- Amount Raised: $3 million
- Date: 2012–2013
- Lead Investors: Wejchert Capital
- Purpose: Launch collaborative design platform and develop core features
2. Series A Round
- Amount Raised: $12 million
- Date: 2014
- Lead Investors: IVP
- Purpose: Expand platform functionality, hire design and engineering team
3. Series B Round
- Amount Raised: $25 million
- Date: 2016
- Lead Investors: Wejchert Capital, IVP
- Purpose: Scale product features, enhance collaboration tools, and grow customer base
4. Series C Round
- Amount Raised: $40 million
- Date: 2018
- Lead Investors: IVP, Wejchert Capital
- Purpose: Enterprise expansion, product development, and platform scaling
5. Series D Round
- Amount Raised: $70 million
- Date: 2019
- Lead Investors: IVP, Wejchert Capital
- Purpose: Strengthen global presence, enhance prototyping and developer tools
6. Series E Round
- Amount Raised: $100 million
- Date: 2020
- Lead Investors: IVP, Wejchert Capital
- Purpose: Scale enterprise adoption, support R&D, and expand design platform features
7. Series F Round
- Amount Raised: $416 million
- Date: May 15, 2024
- Lead Investors: IVP, Wejchert Capital
- Purpose: Accelerate global growth, enhance collaborative design capabilities, and develop new features
Total Funding Raised: $749 million
Latest Funding Date: May 15, 2024
Latest Known Valuation: Unicorn (>$1 billion)
Key Investors
- Wejchert Capital
- Details: Growth-stage venture capital firm investing in technology startups
- Focus Areas: SaaS, design software, enterprise collaboration, and product management tools
- IVP
- Details: Venture capital firm focused on growth-stage technology companies
- Focus Areas: Enterprise software, SaaS platforms, and collaborative tools
Where Is Figma’s Headquarters?
Figma is headquartered in San Francisco, California, United States, supporting product development, engineering, and operations for its collaborative design platform.
What’s Next for Figma?
Figma plans to expand its collaborative design platform globally, enhance real-time multi-user features, and develop new tools for prototyping, diagramming, and strategic planning. The company aims to further empower designers and enterprises to streamline product development and design workflows.
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