Penpot is a technology company.
Penpot has raised $20.0M across 2 funding rounds.
Penpot has raised $20.0M in total across 2 funding rounds.
Penpot is an open-source, web-based design and prototyping platform that enables seamless collaboration between designers and developers by expressing designs natively as CSS, SVG, and HTML.[1][3][4][6] It serves product teams creating mockups, wireframes, UI/UX designs, interactive prototypes, and design systems, solving the common "handoff drama" where designers' visions get lost in translation to developers by allowing real-time, cross-functional work without proprietary silos.[2][3][6] With over 250,000 users as of early 2023 and adoption in more than 10,000 companies, Penpot has raised $12 million in equity funding, offers a free core product with paid plans starting at $7/month, and supports self-hosting for full control.[1][2][3]
Penpot emerged from Kaleidos Open Source, a Spanish consultancy founded in 2011 amid the economic crisis, which focused on pragmatic, ethical open-source backend development.[3][4][5] Frustrated by the lack of quality open-source design tools, Kaleidos hired designers and tasked them with using existing options for client projects, only to find them inadequate; this led to building Penpot as a collaborative tool designed from day one to unite designers and developers.[3][4] Co-founded by CEO Pablo Ruiz-Múzquiz, the platform was open-sourced immediately, pivoting Kaleidos from consultancy to a product company based in Madrid with a global, inclusive team passionate about free software and societal impact.[1][3][4][5]
Early traction built on addressing real workflow pain points, with features like Flex Layout for CSS-responsive designs and enhanced code inspection driving momentum; by 2023, user growth hit 250,000, culminating in a $12M Series A led by Decibel.[1][3]
Penpot rides the wave of open-source design tools amid proprietary dominance (e.g., Figma), capitalizing on demand for developer-inclusive platforms as agile DevOps and GitOps accelerate product cycles.[1][3] Its timing aligns with generative AI unleashing creativity, enabling faster iteration without translation losses, while market forces like rising collaboration needs in remote, cross-functional teams favor its no-handoff model.[1][3] By breaking silos in over 10,000 companies, Penpot influences the ecosystem toward open standards, empowering "pixel-perfect" designs that integrate into code workflows and challenging closed vendors.[3][6]
Penpot is poised to capture more market share as AI tools (like its Tokens Studio partnership) automate design systems and workflows, potentially scaling users beyond 250K amid open-source momentum.[1][5] Trends in DevOps speed, remote collaboration, and AI-driven creativity will amplify its edge, evolving it from Figma alternative to ecosystem standard. Its community-driven growth could redefine design-to-code, tying back to its core promise: empowering teams to build beautiful products together without constraints.[3][6]
Penpot has raised $20.0M in total across 2 funding rounds.
Penpot's investors include 2048 Ventures, Audrey Capital, Boldstart Ventures, Decibel Partners, Flex Capital, Sherpalo Ventures, Matthew Brown, TechAviv Founder Partners, The Hit Forge, Bob Young, Girish Mathrubootham, Jeff Hammerbacher.
Penpot has raised $20.0M across 2 funding rounds. Most recently, it raised $12.0M Series A in February 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Feb 1, 2023 | $12.0M Series A | 2048 Ventures, Audrey Capital, Boldstart Ventures, Decibel Partners, Flex Capital, Sherpalo Ventures, Matthew Brown, TechAviv Founder Partners, The Hit Forge, Bob Young, Girish Mathrubootham, Jeff Hammerbacher, Spencer Kimball | |
| Sep 1, 2022 | $8.0M Series A | 2048 Ventures, Audrey Capital, Boldstart Ventures, Decibel Partners, Flex Capital, Sherpalo Ventures, Matthew Brown, TechAviv Founder Partners, The Hit Forge, Bob Young, Girish Mathrubootham, Jeff Hammerbacher, Spencer Kimball |