Figma, a popular platform for designers, has received a significant investment, valuing the company at $12.5 billion. This comes on the back of annual revenue growth and after a failed merger attempt with Adobe.
Investment in Figma
New valuation of the company
Famous designer platform Figma has attracted the attention of investors including Coatue Management, Alkeon Capital Management and General Catalyst Partners. According to Bloomberg , this investment deal valued Figma at $12.5 billion
Financials
Figma is showing impressive revenue growth. At the time of the agreement, the company's annual revenue exceeded $700 million. According to forecasts, this amount may reach $1 billion already next year. It is worth noting that at the end of 2022, the platform generated $400 million in annual revenue.
Deal details
The transaction took place in the format of a secondary sale of shares, also known as a tender offer. It was attended by both current and former employees of the company, as well as other shareholders.
Additional investors
SurgoCap Partners, Atlassian Corp., Fidelity Management & Research Co., Franklin Templeton's Franklin Venture Partners, Iconiq, Sequoia Capital, Thrive Capital, Greenoaks Capital Partners, Durable Capital Partners, Andreessen Horowitz and Kleiner Perkins. In addition, Apple CEO Eddie Cue, Goanna Capital and XN contributed.
Product Development
In June, Figma introduced new AI-based features and launched Figma Slides to create presentations These innovations emphasize the company's desire to expand its capabilities and remain competitive in the market.
Company Outlook
After a failed merger attempt with Adobe late last year, Figma is seen as a potential IPO candidate. While the company's current valuation is lower than the $20 billion offered by Adobe, it's still higher than the $10 billion that Figma raised in its 2021 funding round.
Glossary
- Figma is a popular online platform for design and prototyping
- Adobe - an American company, a developer of software for working with digital content
- IPO (Initial Public Offering) - the first public sale of shares of a private company
- Coatue Management is a global investment firm specializing in the technology sector
- General Catalyst Partners is an American venture capital firm that invests in technology startups
Links
Answers to questions
How much investment did Figma raise and how did it affect the company's valuation?
Which companies participated in Figma's investment?
What is Figma's current annual revenue and what are its future projections?
What new features recently launched by Figma?
Why didn't the Figma/Adobe merger happen?
Hashtags
Save a link to this article
Discussion of the topic – Figma attracts billions of investments: the revolution in the world of design continues
Figma, a company known for its innovative design software, has received a significant investment from a group of investors, valuing it at $12.5 billion. The news highlights the growing importance of digital design and collaboration tools in today's business environment.
Latest comments
8 comments
Write a comment
Your email address will not be published. Required fields are checked *
Oleksandr
Wow, Figma attracted $12.5 billion in investment! It is simply amazing. It seems they are really becoming a serious player in the design tools market. 🚀
Sophia
Yes, Oleksandr! I've been using Figma for a few years now and their progress is incredible. It's especially interesting that they launched new AI features. I wonder how this will affect the work of designers? 🤔
Pierre
Sophia, I'm excited about Figma too! Their new AI features are really impressive. But I'm more interested in Figma Slides. Have you tried it yet? It can be a real revolution in presentations. 📊
Isabella
Pierre, I already use Figma Slides and I can say that it is just incredibly convenient! Especially for designers who are already used to the Figma interface. As for investments, this shows that the company has great potential. 💼
Klaus
Eh, young people... All these new technologies, AI, presentations... And what, good old Photoshop is no longer in fashion? Why complicate everything? 🙄
Sophia
Klaus, I understand your skepticism, but Figma really simplifies a lot of processes. This is not a complication, but an optimization. By the way, did you know that their annual revenue exceeds $700 million? This suggests that many people find this tool useful. 💡
Oleksandr
And I am surprised that Figma's valuation dropped from $20 billion to $12.5 billion after the collapse of the deal with Adobe. But it's still a huge amount! I wonder if they are planning an IPO anytime soon? 🤑
Isabella
Oleksandr, I think the IPO is only a matter of time for Figma. With growth figures like this and investment from big players, they definitely have ambitions to go public. It will be interesting to watch their development! 📈