Figma (company)

Figma (company)

A company offering an online platform for collaborative design in team environments.

Figma is a company offering an online platform for collaborative design in team environments that is headquartered in San Francisco, California and was founded in 2012 by Dylan Field and Evan Wallace.

Product

Figma's collaboration platform can be used for UI design, ux design, prototyping, graphic design, wireframing, brainstorming, and templates. Figma allows users to draw vector networks in any direction, create custom fonts, and make instant arc designs for clocks, watches, and pie charts using the Arc tool. Many features of Figma are automat tasks such as resizing buttons, text, layouts, padding, direction, and spacing, and translating design changes into computer code for handing off designs to software developers.

Integration

Figma can be integrated with software programs for prototyping, user testing, developer handoff, collaboration, and productivity. Figma integrations include: Maze, Zeplin, Trello, ProtoPie, Flinto, Principle, Framer Web, Pendo, Bubble, Zero Height, Avocode, Storybook, Slack, Notion, Dropbox, Coda, Jira, and Dribbble.

Funding

Seed

On June 24, 2013 Figma announced raising $3.9 million in seed funding from Index Ventures (lead investor), Terrence Rohan (lead investor), LocalGlobe, Jeff Weiner, DJ Patil, and Adam Nash.

Series A

On December 3, 2015 Figma announced raising $14 million in series A funding from Greylock Partners (lead investor), Index Ventures, Jeff Weiner, DJ Patil, and Adam Nash. At the time of announcing their series A funding Figma also announced the official launch of their collaborative design platform.

Series B

On February 1, 2018 Figma announced raising $25 million in series B funding from Kleiner Perkins (lead investor), Jeff Weiner, Index Ventures, Greylock Partners, and Daniel Gross. The company plans on using their series B funding to focus their enterprise growth.

Series C

On February 7, 2019 Figma announced raising $40 million in series C funding from Sequoia Capital (lead investor), Kleiner Perkins, Index Ventures, Greylock Partners, Founders Fund, Coatue Management, Mike Krieger, Jeff Weiner, Dan Rose, and Andrew Wilson. Figma had a post series C funding evaluation of $440 million.

Timeline

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Figma funding round, February 2019
Series C round
40,000,000
February 2019
Sequoia Capital
Figma funding round, February 2018
Series B round
25,000,000
February 2018
Kleiner Perkins Caufield & Byers
Figma seed round
Seed round
3,874,996
June 24, 2013
Figma (company) Series A round, December 2015
Series A round
14,000,000
December 3, 2015
Index Ventures
Figma (company) Series D round, April 2020
Series D round
50,000,000
April 30, 2020
Andreessen Horowitz (a16z)
Figma (company) Seed round, June 2013
Seed round
June 1, 2013
Next Play Ventures
Figma (company) Series A round, December 2014
Series A round
December 19, 2014
Next Play Ventures
7 Results
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People

Name
Role
LinkedIn

Adam Nash

Investor

Alec Miller

Employee

Anneli Woodland

Employee

Athyuttam Eleti

Employee

Bob Lee

Investor

Carmel DeAmicis

Employee

Claire Butler

Employee

Craig Mod

Investor

Daniel Gross

Investor

Danny Rimer

Board member

Darren Lee

Employee

Dylan Field

Founder

Eric Wittman

Employee

Evan Wallace

Founder

Jamie Wong

Employee

Jason Pearson

Employee

Jessica Liu

Employee

Johan Prag

Employee

John Lilly

Board member

John Smart

Employee

Katherine Nauman

Employee

Kathryn Aaker Salant

Employee

Korin Harris

Employee

Kyle Parrish

Employee

Matt Blair

Employee

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Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Jordan Crook
August 20, 2020
TechCrunch
You'd be hard pressed to hang out with a designer and not hear the name Figma. The company behind the largely browser-based design tool has made a huge splash in the past few years, building a massive war chest with more than $130 million from investors like A16Z, Sequoia, Greylock, Kleiner Perkins and Index. The [...]
Jordan Crook
June 10, 2020
TechCrunch
Figma is one of the fastest-growing companies in the world of design and in the broader SaaS category. So it goes without saying that we're absolutely thrilled to have Figma CEO Dylan Field join us at Early Stage, our virtual two-day conference on July 21 and 22, as a speaker. You can pick up a [...]
Lucas Matney
May 19, 2020
TechCrunch
For the last two years, SF-based Command E has been quietly building a unified desktop search tool that helps uses quickly scour for files and data sources across nearly every app they use. The small startup had taken a page from other popular workplace software tools, slowly scaling up a passionate base of early beta [...]
Jordan Crook
April 30, 2020
TechCrunch
Figma, the design platform that lets folks work collaboratively and in the cloud, has today announced the close of a $50 million Series D financing. The round was led by Andreessen Horowitz, with partner Peter Levine and cofounding partner Marc Andreessen managing the deal for the firm. New angel investors, including Henry Ellenbogen from Durable [...]
Jordan Crook
December 5, 2019
TechCrunch
With the shift in the way designers fit into organizations and the way design fits into business overall, the design ecosystem is following the same path blazed by enterprise SaaS companies in recent years.
Ingrid Lunden
November 21, 2019
TechCrunch
Software will eat the world, as the saying goes, but in doing so, some developers are likely to get a little indigestion. That is to say, building products requires working with disparate and distributed teams, and while developers may have an ever-growing array of algorithms, APIs and technology at their disposal to do this, ironically [...]
Jordan Crook
August 1, 2019
TechCrunch
Figma, the startup looking to put design tools in the cloud, has today announced new plug-ins for the platform that will help users clean up their workflows. Figma co-founder and CEO Dylan Field says that plug-ins have been the most requested feature from users since the company's launch. So, for the last year, the team [...]

References

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