Figma

Collaborative design platform. NYSE: FIG. Q4 2025 revenue $303.8M (+40% YoY). IPO Jul 2025 at $33/share, $56B market cap.

Active

Website LinkedIn X YouTube

Updated: Feb 20, 2026 ·

About

Figma is the leading collaborative design platform for product teams. Founded in 2012 by Dylan Field and Evan Wallace, the company went public on the NYSE in July 2025 under ticker FIG at $33/share, achieving a $56 billion first-day market cap.

In Q4 2025, Figma posted revenue of $303.8M : up 40% year over year : beating the $293M consensus estimate. Net dollar retention hit 136%. Q1 2026 guidance of $315-317M crushed the $292M consensus by $25M. The stock surged 15% on the results.

Figma's trajectory is inseparable from its Adobe backstory. In 2022, Adobe tried to acquire Figma for $20 billion. Regulators killed the deal in December 2023. Figma received a $1 billion termination fee, shipped AI features, expanded enterprise, and IPO'd at nearly triple what Adobe offered. As Field put it: "Software is not going away. There's going to be way more of it."

Recent News & Mentions

Feb 17, 2026Product LaunchFigma Code to Canvas Sep 26, 2025Product LaunchFigma MCP Launch Jul 31, 2025IpoFigma IPO May 8, 2025Product LaunchFigma Buzz Launch Mar 21, 2025Product LaunchFigma (Mar 2025) Launch Jun 27, 2024Product LaunchFigma Slides Launch Jun 27, 2024Product LaunchFigma AI Launch Dec 14, 2023Product LaunchCreator Micro Keyboard by Figma Launch Nov 7, 2023Product LaunchFigJam AI by Figma Launch Jun 21, 2023Product LaunchDev Mode by Figma Launch

Financial History

Figma has raised $333.0M across 6 funding rounds. Most recently, it raised $200.0M Series E in June 2021.

Total Raised

$333.0M

Valuation

N/A

Funding Rounds Raised

Date	Round	Other Investors
Jun 1, 2021	$200.0M Series E	A Capital, Kevin Hartz, AirAngels, Andreessen Horowitz, Animoca Brands, Anorak Ventures, Atomic, Bascom Ventures, Base Partners, Bee Partners, Benchmark, Blue Bear Capital, C2 Investment, Cedar Capital Group, Climate Capital, Coatue, CoinFund, Contrary Capital, CRV, Daffy, Davidovs VC, Dreamers VC, Earthshot Ventures, Eclipse Ventures, Electric Capital, Endeavor8, Ensemble VC, Fabric Ventures, Founders Fund, Fuel Capital, Future Shape, General Catalyst, Greylock, Brian Bendett, Harrison Metal, Index Ventures, IVP, Kapor Capital, Kleiner Perkins, LGF, Ligature, LombardStreet Ventures, Menlo Ventures, Morado Venture Partners, Next Play Ventures, Obvious Ventures, Otherwise Fund, Outcast Ventures, Pathbreaker Ventures, Pillar VC, Raine Ventures, Robert Bosch Venture Capital, S2G Ventures, Scalar Capital, Sequoia Capital, Slow Ventures, SOSV, SRB Ventures, The Hit Forge, Todd and Rahul's Angel Fund, UpHonest Capital, UP.Partners, Vayner RSE, Wing Venture Capital, Aaron Levie, Amjad Masad, Arash Ferdowsi, Augusto Marietti, Balaji Srinivasan, Ben Porterfield, Bradley Horowitz, Colin Carrier, Daniel Kan, DJ Patil, Do Kwon, Drew Houston, Dylan Field, Elad Gil, Felix Jahn, Greg Brockman, Jack Chou, Jeremy Stoppelman, Jonathan Wasserstrum, Julia Hartz, Kevin Colas, Kyle Vogt, Marc Benioff, Maximilian Tayenthal, Max Mullen, Max Ventilla, Mike Krieger, Ryan Shea, Sahin Boydas, Sam Altman
Apr 1, 2020	$50.0M Series D	A Capital, Kevin Hartz, Aglae Ventures, AirAngels, Andreessen Horowitz, Animoca Brands, Atomic, B Capital Group, Benchmark, Breakthrough Energy Ventures, C2 Investment, Cedar Capital Group, Climate Capital, Craft Ventures, CRV, Davidovs VC, Dreamers VC, Earthshot Ventures, Electric Capital, Endeavor8, Ensemble VC, FJ Labs, Founders Fund, Greylock, Brian Bendett, Harrison Metal, Index Ventures, Kapor Capital, Kleiner Perkins, LGF, Ligature, LombardStreet Ventures, Lowercarbon Capital, M13, Menlo Ventures, Next Play Ventures, Obvious Ventures, Otherwise Fund, Race Capital, S2G Ventures, Scalar Capital, Sequoia Capital, Serena Ventures, Seven Seven Six, Sherpalo Ventures, Slow Ventures, Social Capital, SRB Ventures, Sweet Capital, The Hit Forge, Todd and Rahul's Angel Fund, Unruly Capital, Vayner RSE, Wing Venture Capital, World Fund, Aaron Levie, Arash Ferdowsi, Augusto Marietti, Azeem Azhar, Balaji Srinivasan, Ben Davenport, Ben Porterfield, Claire Hughes Johnson, Daniel Kan, Do Kwon, Dylan Field, Greg Brockman, Jack Chou, Jacqueline Reses, James Beshara, Jeremy Stoppelman, Julia Hartz, Manu Ginobilli, Marcos Galperin, Max Mullen, Max Ventilla, Ryan Shea, Sahil Lavingia, Sahin Boydas, Scott Belsky, Seth Goldman, Tikhon Bernstam, Tobias Lutke
Feb 1, 2019	$40.0M Series C	A Capital, Accel, AirAngels, Chloe Sladden, Jana Messerschmidt, Atomic, Bee Partners, Benchmark, Blue Bear Capital, BoxGroup, C2 Investment, Cedar Capital Group, Climate Capital, Coatue, Contrary Capital, Craft Ventures, Davidovs VC, Earthshot Ventures, Endeavor8, Ensemble VC, First Round Capital, Founders Fund, Fuel Capital, Goat Capital, Greenoaks Capital, Greylock, Guerrilla Capital, Hanabi Capital, Harrison Metal, Index Ventures, Kapor Capital, Kleiner Perkins, LGF, Ligature, LombardStreet Ventures, Matrix, Moving Capital, Moxxie Ventures, Next Play Ventures, Obvious Ventures, Outcast Ventures, S2G Ventures, Scalar Capital, Sequoia Capital, Seven Seven Six, Slow Ventures, Spark Capital, The General Partnership, The Hit Forge, UP.Partners, Verified Capital, Adam D'Angelo, Adrian Aoun, Amjad Masad, Arash Ferdowsi, Balaji Srinivasan, Bob Meese, Bradley Horowitz, Charlie Cheever, Daniel Kan, Do Kwon, Drew Houston, Dylan Field, Elad Gil, Emil Michael, Greg Brockman, Jack Chou, Jonathan Wasserstrum, Josh Mohrer, Kyle Vogt, Leah Busque, Marc Benioff, Max Mullen, Max Ventilla, Mike Krieger, Sahin Boydas, Sam Altman, Scott Belsky, Varsha Rao
Jan 1, 2018	$25.0M Series B	A Capital, Kevin Hartz, AirAngels, Array Ventures, Atomic, Benchmark, C2 Investment, Climate Capital, CRV, Davidovs VC, Earthshot Ventures, Endeavor8, Ensemble VC, Founders Fund, Greylock, Brian Bendett, Harrison Metal, Index Ventures, Kapor Capital, Khosla Ventures, Kleiner Perkins, LGF, Ligature, LombardStreet Ventures, Next Play Ventures, Obvious Ventures, S2G Ventures, Scalar Capital, Sequoia Capital, Seven Seven Six, Slow Ventures, The Hit Forge, The House Fund, Todd and Rahul's Angel Fund, Y Combinator, Aaron Levie, Arash Ferdowsi, Augusto Marietti, Balaji Srinivasan, Ben Porterfield, Bob Meese, Daniel Kan, Do Kwon, Dylan Field, Greg Brockman, Jack Chou, Jeremy Stoppelman, Julia Hartz, Max Mullen, Max Ventilla, Ryan Shea
Dec 1, 2015	$14.0M Series A	A Capital, Accelerator Ventures, AirAngels, Atomic, Benchmark, Better Tomorrow Ventures, C2 Investment, Cedar Capital Group, Climate Capital, Coughdrop Capital, Daffy, Earthshot Ventures, Endeavor8, Ensemble VC, Footwork, Founder Collective, Fuel Capital, Global Innovation Fund, Greylock, Harrison Metal, Index Ventures, Kapor Capital, LGF, Ligature, LombardStreet Ventures, Multicoin Capital, Next Play Ventures, Obvious Ventures, S2G Ventures, Scalar Capital, Sequoia Capital, Seven Seven Six, Shine Capital, Slow Ventures, SNR, Solana Ventures, The Hit Forge, Thrive Capital, Balaji Srinivasan, Bob Meese, Brian Totty, David Rogier, Do Kwon, Dylan Field, Elad Gil, Elie Seidman, Jack Chou, Leore Avidar, Luc Levesque, Marc Benioff, Mark Williamson, Max Ventilla
Jun 1, 2013	$4.0M Seed	Accelerator Ventures, Aglae Ventures, AirAngels, Benchmark, Breakthrough Energy Ventures, Climate Capital, Daffy, Earthshot Ventures, Endeavor8, Ensemble VC, FJ Labs, Founder Collective, Global Innovation Fund, Harrison Metal, Index Ventures, Kapor Capital, LGF, Ligature, LombardStreet Ventures, Lowercarbon Capital, Multicoin Capital, Next Play Ventures, Obvious Ventures, Otherwise Fund, S2G Ventures, Sequoia Capital, Serena Ventures, Seven Seven Six, Sherpalo Ventures, Shine Capital, Social Capital, Solana Ventures, Sweet Capital, Unruly Capital, World Fund, Azeem Azhar, Bob Meese, Brian Totty, Claire Hughes Johnson, David Rogier, Elie Seidman, James Beshara, Luc Levesque, Manu Ginobilli, Marcos Galperin, Mark Williamson, Max Ventilla, Sahil Lavingia, Scott Belsky, Seth Goldman, Tobias Lutke

Financial History

Figma has raised $333.0M across 6 funding rounds.

Total Raised

$333.0M

Valuation

N/A

Leadership Team

Key people at Figma.

Leadership Team

Key people at Figma.

Deep Dive

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:

Figma Design: Core collaborative design tool
FigJam: Whiteboarding and brainstorming
Dev Mode: Developer handoff with code generation
AI Features: Auto-layout suggestions, content generation, design-to-code

History

2012: Founded by [Dylan Field](https://startupintros.com/people/dylan-field) and Evan Wallace (both Brown University)
2016: Public launch
2018: Series C ($40M, Kleiner Perkins)
2019: Series D ($40M, Sequoia Capital)
2020: Series E ($50M, Andreessen Horowitz) — $2B valuation
2021: Series E extension ($200M, $10B valuation)
2022: [Adobe](https://startupintros.com/orgs/adobe) announces $20B acquisition
2023: Deal terminated by regulators; Figma receives $1B termination fee. AI features ship aggressively
2025: [IPO on NYSE](https://startupintros.com/news/2025-07-31-figma-ipo) at $33/share, stock triples to $115.50 on day one ($56B market cap)

Q4 2025 Earnings

Figma's Q4 2025 results validated the post-IPO thesis:

Revenue: $303.8M (+40% YoY), beat $293M consensus by $10M
Net Dollar Retention: 136%
Q1 2026 Guidance: $315-317M vs $292M consensus (+$25M beat)
Stock: Surged 15% on earnings

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+.

Frequently Asked Questions

What is Figma?

Figma is a browser-based collaborative design platform for product teams, used for UI/UX design, prototyping, and developer handoff.

Is Figma publicly traded?

Yes. Figma trades on NYSE under ticker FIG. It went public July 31, 2025 at $33/share.

How fast is Figma growing?

Figma grew Q4 2025 revenue 40% YoY to $303.8M with 136% net dollar retention.

What happened with Adobe buying Figma?

Adobe's $20B acquisition was blocked by regulators in Dec 2023. Figma received a $1B termination fee and IPO'd at $56B market cap.

Who founded Figma?

Dylan Field and Evan Wallace co-founded Figma in 2012.