At Figma our mission is to make design accessible. We think everyone should have the tools to express themselves visually, and the design process should be open and collaborative. Our latest round of funding, a $40MM Series C announced today, will help us make that happen.
We wanted to take a moment to talk about what our fundraising represents and where Figma is headed next.
The lead investor for Figma's Series C is Sequoia Capital. Coatue, Founders Fund, Jeff Weiner (CEO of LinkedIn), Mike Krieger (Co-founder Instagram), Andrew Wilson (CEO of EA) and Dan Rose (VP Partnerships at Facebook) also participated in the round along with our existing venture partners Index, Greylock and KPCB. Our goal was to bring on investors with experience building enduring companies and communities. We were impressed with Sequoia’s track record backing companies like Github and PlanGrid and as we spent more time with them it was clear they could help us bring Figma to a new level.
All productivity tools are becoming shared, collaborative spaces and design is no different. We’re excited to see best in class design teams at companies like Square, Uber, Twitter and GitHub switch entirely to Figma. Our Series C round will enable us to invest in our Organization offering as well as make improvements in the experience for individual designers / small teams.
At Figma, performance and quality are always top of mind. While we often hear that Figma is faster than our native competitors, we still believe there are a ton of improvements to make on both loading and rendering performance. With over a million signups, we believe it’s essential to offer all of our users the highest quality experience possible — even as the surface area of what we’re tackling expands. The team is especially focused on making Figma the best place to build and manage a design system.
We're also hard at work on platform and extensibility. For your design process to be truly open, you need a way to extend Figma for all sorts of different use cases. (No ETA yet — we want extensions to be stable and secure so we’re taking our time.)
Lastly, stay tuned for our developments around community. We have a huge global footprint already, with 80% of our weekly active users coming from outside the United States (and 26 user groups in cities spanning Lagos to Toronto), and we want to figure out better ways to connect all these different people coming from different places. (Interested in participating in the Figma community? Check out the meetups we’re hosting to see whether there’s one happening nearby or reach out to us to create a new user group in your city!)
As we’ve mentioned before, we see community as the foundation of Figma’s future, which is part of the reason Sequoia appealed to us so much as a firm. They deeply understand what it means to build a community-driven business, which will be the next big chapter of Figma’s story.
Thank you for joining us on this journey. We deeply appreciate your support, and we don’t take it for granted.