Figma’s $700 million investment round was co-led by Coatue Management, Alkeon Capital Management and General Catalyst Partners.
Figma, a cloud-based design platform, received $700 million in investment. The company’s valuation rose to $12.5 billion. The $700 million investment round was co-led by Coatue Management, Alkeon Capital Management and General Catalyst Partners.
US-based Figma’s investment round included SurgoCap Partners, Atlassian Corp., Fidelity Management, Franklin Venture Partners, Iconiq, Sequoia Capital, Thrive Capital, Greenoaks Capital Partners, Durable Capital Partners, Andreessen Horowitz, Kleiner Perkins, Apple’s Eddy Cue, Goanna Capital and XN.
Founded in 2012 by Dylan Field and Evan Wallace, the company basically offers a set of tools that make it easy to design user interfaces for websites and mobile apps.
Figma is positioned as a completely cloud-based design tool. This means that users can access their projects through their web browsers without the need to download any software. In parallel, it enables team members to access and work on projects from different locations.
One of the most remarkable features of Figma is that users can work on the same project simultaneously. Multiple designers, developers and other stakeholders can edit the project at the same time and see each other’s changes in real time.
The company has the ability to collect feedback from developers and product managers involved in the project. Users can give feedback on the design by commenting and leaving notes.
Figma has a community platform where users can share design templates, plugins and other resources. The Figma Community provides access to free and paid resources that users can use in their projects.
On the other hand, Figma also offers AI-powered features. Figma Slides, an AI-powered visual storytelling tool, helps users create more impressive and professional presentations.
