Consensys Sacra Teardown

Hero image - Figma

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    A deep dive into Figma's revenue, product, competition, and TAM expansion
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        Sacra estimates Figma reached USD 700 million in annual recurring revenue (ARR) in June 2024, growing 35% YoY. The company increased its revenue from USD 700,000 in 2017 to USD 75 million in 2020, with a 6.25x YoY growth rate.
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        In 2017, Figma began monetizing its &quot;Pro&quot; tier and introduced the &quot;Team&quot; plan in 2019.
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        In 2022, at the time of Adobe's acquisition announcement, Figma reported 90% gross margins and 150% net dollar retention. As of 2024, Figma's valuation is USD 12.5 billion, with total funding of USD 748.6 million.
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        Figma faces competition from Adobe's XD and Sketch, but Figma counter-positions this by eliminating the cost of exporting mock-ups to create design documents.&nbsp;
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    Making an informed opinion
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What’s the story, Adobe? All you need to know about the mammoth Figma acquisition

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