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Figma raises USD 200 million in a Series E round
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Jun 24, 2021
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Jun 24, 2021

Figma raises USD 200 million in a Series E round

Funding

  • Figma Inc, a collaborative cloud service provider of digital design software, has raised USD 200 million in a Series E funding round led by Durable Capital Partners. The round also included participation from new investor Counterpoint Global (Morgan Stanley), and existing investors Index, Greylock, Kleiner Perkins, and Sequoia. 

  • The round valued Figma at USD 10 billion and follows its USD 50 million funding round in April 2020. The fresh funds will be used for product development, expanding its offering, and increasing its employee base to 500 by the end of 2021. Furthermore, it plans to explore the M&A market.

  • Founded in 2019, Figma is a company providing cloud services and allows customers to collaborate using its software. The company’s latest product, FigJam, is an online whiteboard. The company has more than 4 million users and names Airbnb and Google as customers.

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