Adjacent

ActiveVenture Capital

Updated: Dec 5, 2025 ·

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Oct 1, 2025	Tycho AI	$10.0M Series A	—	Betaworks Ventures, Contrary Capital, Factorial, FirstMark Capital, Gaingels, Hustle Fund, Leadout Capital, Metaplanet, Round One Capital, Shrug Capital, Splash Capital, Ulu Ventures, Derrick Li, Eric Ries, Jaan Tallinn, Joe Greenstein, Karen King, Mark Cuban, Mark Pincus, Matthew Dellavedova, Ron Pragides, Sheila Vashee, Tim Kendall
Sep 1, 2025	Emergent	$23.0M Series A	—	100X.VC, 6th Man Ventures, B Capital Group, Embedded Ventures, Aniq Kassam, Khosla Ventures, Kohala Ventures, Lightspeed India Partners, Lockheed Martin Ventures, Paradigm, Spark Capital, Summit Partners, Tribe Capital, Andrew Berman, Andrew Steinwold, Ben Tossell, Charlie Cheever, Kyle Vogt, Matteo Franceschetti
Sep 1, 2025	Inversion	$27.0M Seed	—	6th Man Ventures, Day One Ventures, DST Global, Embedded Ventures, Emergence Capital, Aniq Kassam, Felicis Ventures, Flex Capital, Friends & Family Capital, Global Founders Capital, Greenoaks Capital, Iterative, Kohala Ventures, Lockheed Martin Ventures, Matrix, Otherwise Fund, Paradigm, Spark Capital, Summit Partners, SV Angel, Theory Forge Ventures, Tribe Capital, Y Combinator, Andrew Steinwold, Azeem Azhar, Balaji Srinivasan, Ben Tossell, Kulveer Taggar, Kyle Vogt, Mathilde Collin, Paul Graham, Paul Stahura, Siqi Chen, Thijn Lamers
Sep 1, 2025	Dalton	$1.0M Seed	—	Pitchdrive, Pieterjan Bouten
Sep 1, 2025	Lexroom.ai	$19.0M Series A	—	Base10 Partners, Crosslink Capital, Pitchdrive, Scale Asia Ventures, Louis Jonckheere, Mikko Kodisoja, Pete Koomen
Jul 1, 2025	Coverflow	$5.0M Seed	—	Betaworks Ventures, Contrary Capital, Factorial, FirstMark Capital, Gaingels, Hustle Fund, Leadout Capital, Metaplanet, Round One Capital, Shrug Capital, Splash Capital, Ulu Ventures, Eric Ries, Jaan Tallinn, Joe Greenstein, Karen King, Mark Cuban, Mark Pincus, Matthew Dellavedova, Ron Pragides, Sheila Vashee, Tim Kendall
Jun 1, 2025	Ostrom	$23.0M Series B	—	468 Capital, Giant Ventures, J12 Ventures, Union Square Ventures, Eric Quidenus-Wahlforss, Philipp Kloeckner, Yang Zou
May 1, 2025	RevenueCat	$50.0M Series C	—	20VC, 6th Man Ventures, Buckley Ventures, Embedded Ventures, Aniq Kassam, Index Ventures, Kohala Ventures, Lockheed Martin Ventures, Paradigm, Spark Capital, Summit Partners, Tribe Capital, Y Combinator, Andrew Steinwold, Balaji Srinivasan, George Deglin, Jason Lemkin, Kyle Vogt, Tobias Balling
Apr 1, 2025	Electra.aero	$120.0M Series B	—	6th Man Ventures, Embedded Ventures, Aniq Kassam, Kohala Ventures, Lockheed Martin Ventures, Paradigm, Spark Capital, Summit Partners, Tribe Capital, Andrew Steinwold, Balaji Srinivasan, Kyle Vogt
Mar 1, 2025	Lexroom.ai	$2.0M Seed	—	Banyan Ventures, Pitchdrive, Louis Jonckheere
Dec 1, 2024	Orakl Oncology	$12.0M Seed	—	Cavalry Ventures, Founderful, Hardware Club, Nina Capital, Singular, Speedinvest, Verve Ventures, Christopher Muhr, Hanno Heintzenberg, Lukas Pieczonka
Dec 1, 2024	Databricks	$10.0B Series J	—	8VC, AirAngels, Andreessen Horowitz, Ballistic Ventures, BoxGroup, Contrary Capital, Jenny Fielding, Scott Hartley, Founders Fund, General Catalyst, Giant Ventures, Greylock, Khosla Ventures, Kleiner Perkins, Lux Capital, NewView Capital, Next Frontier Capital, NFX, Pareto Holdings, Sequoia Capital, Snowflake Ventures, Spark Capital, Susquehanna Capital, Thrive Capital, Andy Bechtolsheim, Antoine Martin, Bradley Horowitz, Chafic Kazoun, Jared Leto, Julie Zhuo, Mike Krieger, Mike Vernal, Rahilla Zafar, Rob Theis, Scott Belsky, Shane Curran, Teddy Citrin, Tom Blomfield
Nov 1, 2024	Wordware	$30.0M Seed	—	10100, 6th Man Ventures, Acton Capital Partners, Albion VC, Alumni Ventures, Amplify Partners, Angel investor, Atomico, Audrey Capital, Blossom Capital, BlueRun Ventures, Broadway Angels, Chalfen Ventures, Climate Capital, Color Capital, Cool Climate Collective, Craft Ventures, Day One Ventures, Decibel Partners, Divergent Capital, DocuSign, Double Down, DST Global, Embedded Ventures, Emergence Capital, Essence VC, Aniq Kassam, Felicis Ventures, Felix Capital, FirstMark Capital, Flexcap, Flex Capital, Flybridge Capital Partners, Friends & Family Capital, Frontline Ventures, Fusion Fund, Ganas Ventures, General Catalyst, Global Founders Capital, Gradient Ventures, Great Oaks Venture Capital, Greenoaks Capital, Hummingbird Ventures, ICONIQ Capital, Indicator Ventures, Insight Partners, IVP, Kohala Ventures, La Famiglia, Lakestar, Lightspeed Venture Partners, Listen, Lockheed Martin Ventures, Matrix, Menlo Ventures, Meritech Capital Partners, Moxxie Ventures, Jonathan Golden, OpenCapital.vc, Openspace Ventures, Otherwise Fund, Paradigm, Paradox Capital, Partners Resolute, Pioneer Fund, Polymath Capital Partners, Prototype Capital, Radical Ventures, Red Beard Ventures, Runa Capital, Scribble Ventures, Seed Club Ventures, Seven Seven Six, Sherpalo Ventures, Shrug Capital, Spark Capital, Summit Partners, SV Angel, Web Smith, Techstars, The Hit Forge, Theory Forge Ventures, Todd and Rahul's Angel Fund, Trammell Venture Partners, Treble Capital, Tribe Capital, Unlock Venture Partners, Untapped Capital, Valhalla Ventures, Vibe Capital, Y Combinator, Adam D'Angelo, Alex Pattis, Amjad Masad, Andrew Gazdecki, Andrew Gluck, Andrew Steinwold, Azeem Azhar, Balaji Srinivasan, Ben Lang, Ben Tossell, Bob Young, Casey Neistat, David Peterson, Dharmesh Shah, Doug Monro, Elad Gil, Eric Ries, Gina Bianchini, Girish Mathrubootham, Gokul Rajaram, Jaime Schmidt, James Isilay, James Meekings, Jean Charles Samuelian, Jeff Hammerbacher, Jen Rubio Butterfield, Julia DeWahl, Kevin Stumpf, Kevin Weil, Kulveer Taggar, Kyle Vogt, Ligaya Tichy, Mark Chou, Mark Pincus, Mathilde Collin, Matt Mickiewicz, Moshe Lifschitz, Nkechi Iregbulem, Noah Sidman-Gale, Paul Graham, Paul Stahura, Peter Hunn, Peter Kazanjy, Ran Makavy, Sahin Boydas, Sam Corcos, Scott Belsky, Sergei Anikin, Sherry Coutu, Siqi Chen, Spencer Kimball, Stephen Cole, Thijn Lamers, Tim Ferriss, Tony Jamous, Vishal Rao, Will Brooks, Will Martin, Yann LeCun, Zachary Sims, Zach Segal
Nov 1, 2024	Inversion	$44.0M Series A	—	Airbus Ventures, Alumni Ventures, C2 Investment, James Hardiman, Lockheed Martin Ventures, Main Sequence Ventures, Maven Ventures, Morpheus Ventures, Path Ventures, Salesforce Ventures, Sequoia Capital China, Sierra Ventures, Signia Venture Partners, Spark Capital, Y Combinator, Charley M, John Collison, Jonathan Swanson, Ran Makavy
Oct 1, 2024	VIZTA DGTL	$2.0M Seed	—	NextView Ventures, Night Capital, Scribble Ventures, Uncork Capital, James Park, Nir Eyal, Ron Pragides
Sep 1, 2024	OrgOrg	$500K Seed	—	14W, 20VC, Founders Fund, Greylock, Night Capital, Y Combinator, Alexandre Scialom, Casey Neistat, James Beshara, Jean Charles Samuelian, Steve Schlafman, Thibaud Elziere
Sep 1, 2024	Harmonic	$75.0M Series A	—	AirAngels, Andreessen Horowitz, CapitalG, Index Ventures, Jackson Square Ventures, Kleiner Perkins, Next Frontier Capital, Pareto Holdings, Sequoia Capital, TCV, Antoine Martin, Julie Zhuo, Michael Moritz, Mike Krieger, Mike Vernal, Rahilla Zafar
Jul 1, 2024	Flink	$2.0M Seed	—	Founderful, Index Ventures, VR Ventures, Jason Citron, Kevin Hart
Jul 1, 2024	Groq	$640.0M Series D	—	Alumni Ventures, Axiom Partners, C2 Investment, E1 Ventures, Prosperity7 Ventures, Race Capital, Social Capital, SparkLabs Group, TDK Ventures, Trajectory Ventures, Transpose platform, Uncork Capital, George Godula, Sahin Boydas, 11, Adeel Hussain, Ann Bordetsky, Bradley Horowitz, Charles Zedlewski, DJ Patil, Flourish Ventures, F-Prime Capital Partners, FPV Fund, Jacob Kerzner, James Park, Jeff Hammerbacher, K2 Global, Mattia Astori, Maven Ventures, Mike Lee, Mo El-Bibany, NextView Ventures, Night Capital, Nir Eyal, OODA Ventures, Ron Pragides, Scribble Ventures, Siddharth Singhal, Slack Fund, Stewart Butterfield, Trevor Wright, Tribe Capital
Jun 1, 2024	Otamiser	$3.0M Seed	—	Dawn Capital, Jenny Fielding, Scott Hartley, Fortino Capital, Pitchdrive, Boris Bogaert, Louis Jonckheere, Pieterjan Bouten, Willem Delbare, Wim Derkinderen
Apr 1, 2024	RevenueCat	$12.0M Series C	—	6th Man Ventures, Embedded Ventures, Aniq Kassam, Kohala Ventures, Lockheed Martin Ventures, Paradigm, Spark Capital, Summit Partners, Tribe Capital, Andrew Steinwold, Balaji Srinivasan, Kyle Vogt
Mar 1, 2024	Copilot	$6.0M Series A	—	Pitchdrive, Louis Jonckheere, Pieterjan Bouten
Mar 1, 2024	Fable	$7.0M Seed	—	14W, 20VC, Aniq Kassam, Founder Collective, Founders Fund, Greylock, Initialized Capital, Night Capital, Y Combinator, Alexandre Scialom, Bradley Horowitz, Casey Neistat, Immad Akhund, James Beshara, Jason Katzer, Jean Charles Samuelian, Namrata Ganatra, Sahin Boydas, Steve Schlafman, Thibaud Elziere
Feb 1, 2024	Biofire	$7.0M Series A	—	14W, 20VC, Afore Capital, Also Capital, Anthemis Group, CapitalX, Countdown Capital, Matt Ocko, Dreamers VC, Elkstone, First Round Capital, Founders Fund, Greycroft, Greylock, Index Ventures, K2 Global, Liquid 2 Ventures, Night Capital, No Label Ventures, Paradigm, Rajan Anandan, Playground Global, RTP Global, SNR, Stellar Capital, Streamlined Ventures, Taurus Ventures, Trajectory Ventures, Valhalla Ventures, Venture Highway, Village Global, Virginia Venture Partners, Y Combinator, Alexandre Scialom, Ali Moiz, Alison Engel, Andrew Maywah, Arash Ferdowsi, Bradley Horowitz, Casey Neistat, Gokul Rajaram, Ilya Kondrashov, Immad Akhund, James Beshara, Jean Charles Samuelian, Mike Giampapa, Munish Varma, Steve Schlafman, Sumon Sadhu, Thibaud Elziere, Viral Bajaria
Feb 1, 2024	SigScalr	$2.0M Seed	—	20VC, AirAngels, Andreessen Horowitz, Buckley Ventures, Coalition Operators, Ali Tamaseb, Earl Grey Capital, Mantis VC, NextView Ventures, Night Capital, Pareto Holdings, Point72 Ventures, Scribble Ventures, Slow Ventures, Trust Fund, Two Sigma Ventures, Uncork Capital, Volition Capital, WestWave Capital, Baron Davis, Claire Hughes Johnson, George Ruan, James Park, Julian Shapiro, Louis Beryl, Mathilde Collin, Melissa Tan, Mike Lee, Nir Eyal, Ron Pragides, Ryan Tedder, Scott Belsky, Siqi Chen, Tyler Willis, Vindi Banga

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Adjacent.

Nico Wittenborn

Investor

Leadership Team

Key people at Adjacent.

Nico Wittenborn

Investor

Deep Dive

High-Level Overview

Figma is a cloud-based, collaborative design platform that enables users to create, prototype, and iterate on user interface (UI) designs in real time within a web browser. It serves product designers, developers, and teams by providing tools for UI flows, wireframes, interactive prototypes, and design systems, all accessible across operating systems like Windows, macOS, and Linux. Figma solves the problem of traditional desktop design software’s lack of real-time collaboration and cross-platform accessibility, facilitating seamless teamwork especially in hybrid and remote work environments. Its growth momentum is strong, with over 4 million users by 2024 and a market share exceeding 40% among design collaboration tools, supported by a product-led growth strategy that converts individual users into enterprise clients[1][4].

Origin Story

Figma was founded in 2012 by Dylan Field and Evan Wallace while they were studying computer science at Brown University. Initially, the founders experimented with various ideas such as drone software and meme generators before focusing on a web-based graphics editor aimed at democratizing creativity by enabling anyone to create with simple, free tools in a browser. The company evolved from early concepts around 3D content and photo editing to a collaborative UI design platform. Over time, Figma expanded its product suite and global reach, recently acquiring Israeli AI startup Weavy in 2025 to enhance AI-powered creative workflows, signaling a strategic evolution toward integrating advanced AI capabilities[1][4].

Core Differentiators

Unique Investment Model: N/A (Figma is a company, not an investment firm)
Product Differentiators:
Web-native, real-time collaboration enabling multiple users to work simultaneously on designs.
Cross-platform accessibility without the need for software installation.
Integrated modes for design, prototyping, and developer handoff.
AI-powered tools through acquisitions like Figma Weave for enhanced image and video editing.
Developer Experience: Provides a dedicated Developer Mode with specs, annotations, and code snippets to streamline the handoff between design and development.
Speed, Pricing, Ease of Use: Cloud-based platform allows instant access and updates; product-led growth with free tiers encouraging adoption.
Community Ecosystem: Extensive template libraries, reusable components, and shared design systems promote consistency and scalability across teams[1][3][4].

Role in the Broader Tech Landscape

Figma rides the trend of cloud-based collaboration and the shift toward remote and hybrid work models, which have accelerated demand for real-time, accessible design tools. The timing is favorable as organizations increasingly prioritize seamless cross-functional workflows between design, development, and product teams. Market forces such as the rise of digital product development and the need for scalable design systems work in Figma’s favor. Its influence extends beyond design software by fostering a collaborative culture and enabling faster product iteration cycles, thus shaping how digital products are conceived and built globally[1][4].

Quick Take & Future Outlook

Looking ahead, Figma is poised to deepen its integration of AI technologies to further streamline creative workflows and expand its platform capabilities, as evidenced by its acquisition of Weavy. Trends such as AI-assisted design, increased demand for no-code/low-code tools, and continued remote work adoption will shape its trajectory. Figma’s influence is likely to grow as it continues to unify design, prototyping, and development in a single collaborative environment, potentially becoming the central hub for product teams worldwide. This evolution ties back to its founding mission of democratizing creativity and enabling anyone to build meaningful digital products collaboratively[1][4].

Sources

High-Level Overview

Origin Story

Core Differentiators

Unique Investment Model: N/A (Figma is a company, not an investment firm)
Product Differentiators:
Web-native, real-time collaboration enabling multiple users to work simultaneously on designs.
Cross-platform accessibility without the need for software installation.
Integrated modes for design, prototyping, and developer handoff.
AI-powered tools through acquisitions like Figma Weave for enhanced image and video editing.
Developer Experience: Provides a dedicated Developer Mode with specs, annotations, and code snippets to streamline the handoff between design and development.
Speed, Pricing, Ease of Use: Cloud-based platform allows instant access and updates; product-led growth with free tiers encouraging adoption.
Community Ecosystem: Extensive template libraries, reusable components, and shared design systems promote consistency and scalability across teams[1][3][4].