| Figma | |||||||
|---|---|---|---|---|---|---|---|
 | |||||||
 A newly-created design project with an empty frame on Figma | |||||||
| Developers | Figma, Inc. | ||||||
| Initial release | September 27, 2016; 9 years ago (2016-09-27) | ||||||
| Stable release(s)[±] | |||||||
| |||||||
| Operating system | Discontinued
| ||||||
| Type | |||||||
| License | Proprietary | ||||||
| Website | figma | ||||||
| Company type | Public |
|---|---|
| NYSE: FIG (Class A) | |
| Industry | Software |
| Founded | 2012; 14 years ago (2012) |
| Founders | Dylan Field Evan Wallace |
| Headquarters | Phelan Building, San Francisco, California ,United States |
Key people | Dylan Field (chairman and CEO) |
| Products | Figma FigJam Figma Slides Figma Sites Figma Make Figma Buzz Figma Draw Figma Weave |
| Revenue |  US$1.06 billion (2025) |
 US$–1.29 billion (2025) | |
| US$–1.25 billion (2025) | |
| Total assets | US$2.35 billion (2025) |
| Total equity | US$1.51 billion (2025) |
Number of employees | 1,886 (2025) |
| Footnotes / references [5] | |
Figma is acollaborativeweb application forinterface design, with additional offline features enabled by desktop applications formacOS andWindows. The feature set of Figma focuses onuser interface anduser experience design, with an emphasis onreal-time collaboration,[6] utilizing a variety ofvector graphics editor andprototyping tools. The Figma mobile app forAndroid andiOS allows viewing and interacting with Figma prototypes in real-time on mobile and tablet devices.
Figma allows users to create designs in three different modes: design mode, prototype mode and developer mode.[7]
Design mode enables users to draw shapes, frames and components, apply styles and modify layers to organize their canvases.
Prototype mode creates interactive flows between frames and screens so that users can testUX, link frames to simulate navigation and set interactions like "On click" or "While hovering".
Developer mode ordev mode allows users to inspect elements for code snippets, download assets marked for export, see variables and tokens, and view dimensions easily.[8]
These tools combined allow users to use Figma to create interactive designs for uses like web development.
In May 2025 at Figma Config 2025, Figma announced Figma Sites in Beta. The feature allows designers to publish designs directly to the web.[9]
Dylan Field and Evan Wallace began working on Figma in 2012 while studyingcomputer science atBrown University. Wallace studied graphics and was a Teaching Assistant for the Computer Science Department, while Field chaired the CS Departmental Undergraduate Group.[10][11]
The original objective behind Figma was to enable "anyone [to] be creative by creating free, simple, creative tools in abrowser." Field and Wallace experimented with different ideas, including software for drones and ameme generator, before settling on web-based graphics editor software. In a 2012 article, the company's early scope was vaguely described byThe Brown Daily Herald as "a technology startup that will allow users to creatively express themselves online." That article reported that the company's first ideas revolved around 3D content generation, and subsequent ideas focused onphoto editing andobject segmentation.[11]
Field was named aThiel Fellow in 2012, earning him $234,460 in exchange for taking aleave of absence from college. Wallace joined Field in California after completing his degree in computer science, and the two began working on the company full time.[12]
Figma started offering a free invite-only preview program on December 3, 2015.[13] It saw its first public release on September 27, 2016.[14]
On October 22, 2019, Figma launched Figma Community,[15] allowing designers to publish their work for others to view and adapt.
On April 21, 2021, Figma launched a digitalwhiteboarding capability calledFigJam, allowing users to collaborate with sticky notes, emojis and drawing tools.[16]
On June 9 2021, Figma enters the ICO under management byPolychain Capital.[17]
In June 2022,Google for Education announced that it would be partnering with Figma to bring its design and prototyping platform, as well asFigJam, toeducation Chromebooks.[18]
In June 2023, Figma launched Dev Mode to help developers translate designs into code faster.[19]
In June 2024, Figma launched Figma Slides (also known asFlides) in beta, apresentation programme that allows users to collaborate onpresentation slides.[20]
At the Config 2025 conference (May 7, 2025) in San Francisco and London, Figma introduced four new major product lines:[21]
Figma acquired Israeli AI startup Weavy for over $200 million in October 2025, and established a new R&D center in Tel Aviv. The company rebranded Weavy under the new name Figma Weave, with the team and technology now integrated into Figma's platform to enhance AI-powered image and video editing tools and creative workflows.[22][23]
On September 15, 2022,Adobe announced it had entered into an agreement to acquire Figma for about $20 billion in cash and stock, the company's largest acquisition to-date, with Field remaining as CEO.[24][25] Members of the design community showed concerns for the future of the product — including potential or mandatory integration withAdobe Creative Cloud, or being forced to adopt business models otherwise unfavorable in comparison to those presently used by Figma.[26][27] Adobe shares fell by 17% following the announcement.[26]
The proposed purchase was criticized onantitrust grounds, and as being an overvaluation; the application competes withAdobe XD, which had begun to lose market share to Figma by 2021.[28][26]John Naughton went as far as comparing the purchase toFacebook's acquisition ofWhatsApp, a move that was intended to prevent it from growing into a competitor to Facebook's core businesses.[28] On November 2, 2022, it was reported that theUS Department of Justice had begun an investigation of the merger.[29] In February 2023, it was announced theEuropean Commission would review the acquisition under theEuropean Union merger laws.[30]
On December 18, 2023, Figma and Adobe both announced they were mutually agreeing to abandon their merger,[31][32] with Adobe citing that there was "no clear path to receive necessary regulatory approvals from the European Commission and the UK Competition and Markets Authority."[33] Adobe said it would pay the $1 billionreverse breakup fee to Figma as part of the initial agreement.[34][35]
In April 2025, Figma announced that it had begun to file confidential paperwork for aninitial public offering (IPO) with theSecurities and Exchange Commission (SEC).[36] On July 1, 2025, the company formally filed for a listing on theNew York Stock Exchange (NYSE) with the ticker symbol "FIG".[37] The company went public on July 31, with shares opening at $85 and closing the day with a market value of $56.3 billion after the stock more than tripled its IPO price.[38][39]
In June 2013, Figma raised $3.8 million in seed funding (lead investorIndex Ventures and Terrence Rohan).[40] In December 2015, the company raised $14 million in Series A funding (lead investor Greylock).[41] In February 2018, Figma raised $25 million in a Series B round (lead investor Kleiner Perkins).[42]
In February 2019, Figma raised $40 million in Series C funding (lead investor Sequoia Capital).[10] In April 2020, Figma raised $50 million in a Series D funding round (lead investor Andreessen Horowitz).[43] In June 2021, Figma raised $200 million in a Series E funding round (lead investor Durable Capital Partners).[44]
By April 2020, Figma was valued at more than $2 billion.[43][45] and $10 billion by the end of May 2021.[44] After the Adobe acquisition of Figma at a $20 billion valuation fell through in December 2023, CB Insights noted that based on earning metrics, Figma would be worth between $8.3-9 billion.[46]
| Free and open-source | |
|---|---|
| Proprietary | |
| Discontinued | |
