Figma
Financials
Estimates*
USD | 2020 | 2021 | 2022 | 2023 | 2024 |
---|---|---|---|---|---|
Revenues | 75.0m | 200m | 400m | 700m | 1.0b |
% growth | - | 167 % | 100 % | 75 % | 43 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$3.9m | Seed | ||
$14.0m | Series A | ||
$25.0m | Series B | ||
$40.0m | Series C | ||
$50.0m Valuation: $2.0b | Series D | ||
* | $200m Valuation: $10.0b 133.3x EV/LTM Revenues | Series E | |
* | $420k Valuation: $10.0b 50.0x EV/LTM Revenues | Series E | |
* | N/A | $416m Valuation: $10.0b | Series F |
* | N/A Valuation: $12.5b | Secondary | |
Total Funding | AUD1.2b |
Recent News about Figma
EditFigma is a pioneering company in the field of design tools, offering a web-based platform that facilitates collaborative interface design. Founded with the vision of making design accessible to everyone, Figma has revolutionized the way designers work by enabling real-time collaboration. This means multiple users can work on the same design project simultaneously, regardless of their location. The platform is particularly beneficial for UI (User Interface) and UX (User Experience) designers, graphic designers, and teams involved in prototyping, wireframing, and brainstorming.
Figma operates in the digital design market, which includes both individual designers and large organizations. Its clients range from freelance designers to multinational corporations. The platform is especially popular among tech companies, creative agencies, and educational institutions that require efficient and collaborative design processes.
The business model of Figma is primarily subscription-based. It offers a freemium model where basic features are available for free, but advanced functionalities require a paid subscription. These paid plans are tiered to cater to different types of users, from individuals to large teams. Figma also generates revenue through enterprise solutions, which provide additional features like enhanced security, dedicated support, and advanced collaboration tools tailored for large organizations.
Figma's revenue comes from these subscription fees and enterprise contracts. By continually adding new features and improving the user experience, Figma ensures customer retention and attracts new users. The platform's ability to integrate with other design tools and software further enhances its appeal, making it a central hub for design activities.
In summary, Figma is a web-based design tool that enables real-time collaboration for UI, UX, and graphic designers. It serves a wide range of clients from freelancers to large enterprises, operating on a subscription-based business model. The company makes money through tiered subscription plans and enterprise solutions.
Keywords: web-based design, real-time collaboration, UI design, UX design, graphic design, prototyping, wireframing, brainstorming, subscription model, enterprise solutions.