Figma

Figma

Web-based platform for collaborative design

About Figma

Simplify's Rating
Why Figma is rated
B
Rated A on Competitive Edge
Rated B on Growth Potential
Rated C on Rating Differentiation

Industries

Consumer Software

Design

Company Size

1,001-5,000

Company Stage

Series F

Total Funding

$728.6M

Headquarters

San Francisco, California

Founded

2012

Overview

Figma offers a web-based platform for collaborative interface design, allowing multiple users to work on the same project in real-time from different locations. It is particularly beneficial for UI and UX designers, graphic designers, and teams involved in prototyping and brainstorming. Figma operates on a subscription-based model, providing both free and paid plans, and generates revenue through enterprise solutions tailored for larger organizations. The company's goal is to make design accessible to everyone and streamline the design process for individuals and teams.

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Funded Recently
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Significant Headcount Growth
Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for remote collaboration tools boosts Figma's user base and revenue.
  • Figma AI attracts users seeking innovative generative AI design solutions.
  • The rise of low-code platforms aligns with Figma's mission, expanding market reach.

What critics are saying

  • Legal challenges, like the lawsuit against Motiff, could harm Figma financially and reputationally.
  • Figma AI may face scrutiny over data privacy, affecting user trust.
  • Discomfort with UI 3.0 update could lead to user dissatisfaction and loss.

What makes Figma unique

  • Figma offers real-time collaboration, enabling simultaneous design work across locations.
  • The platform integrates with development tools, enhancing appeal to designers and developers.
  • Figma's freemium model attracts a wide range of users, from freelancers to enterprises.

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Funding

Total Funding

$728.6M

Above

Industry Average

Funded Over

7 Rounds

Series F funding comparison data is currently unavailable. We're working to provide this information soon!
Series F Funding Comparison
Coming Soon

Benefits

Competitive salary & equity

Retirement with company contribution

Mental health and wellness benefits

Company recharge days

Work from home stipend

Health, Dental, & Vision

Parental leave & fertility support

Generous PTO

Learning & development stipend

Cell phone reimbursement

Growth & Insights and Company News

Headcount

6 month growth

-31%

1 year growth

7%

2 year growth

14%
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This video demonstrates how Vaadin integrates with Figma, allowing developers and designers to collaborate more effectively.

Dice Academy
Dec 10th, 2024
Why Figma is the best tool for aspiring UI/UX designers

Figma is the perfect tool to develop UI/UX designer skills as it comprises distinctive features tailored for emerging designers.

Tech in Asia
Dec 3rd, 2024
Figma takes Singapore rival to court

Figma is suing Motiff in Singapore and the US.

Technology Connect
Nov 24th, 2024
Figma Releases the Pattern Library

TLDR: Figma has introduced a new Pattern Library feature, allowing designers to create, share, and manage reusable design components efficiently.

B&T
Nov 12th, 2024
Figma Opens First Australian Office In Sydney

Figma, a collaborative product design and development platform, is opening an office in Sydney, its first in Australia.

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