How Much Money Has Figma Raised?

Figma, the interface design tool that’s taken the design world by storm, has raised a whopping $85 million in a Series C funding round.This takes the company’s total funding to $155 million, and values Figma at $1.1 billion.The round was led by Sequoia Capital, with participation from returning investors Andreessen Horowitz, Kleiner Perkins, and Index Ventures. New investors include Design Ventures, GV (formerly Google Ventures), and Madrona Venture Group.Figma CEO Dylan Field said that the new funding will be used to double down on its vision of “ democratizing design.” This includes expanding the platform’s capabilities, building out its community and ecosystem, and investing in its team.Figma has seen tremendous growth since it launched out of beta in 2016. It now has 1 million active monthly users, including designers at companies like Uber, Airbnb, Twitter, Microsoft, and Salesforce.The company has been profitable since 2017, but Field says that Figma will continue to invest heavily in R&D to maintain its lead in the design tool space.Figma’s design tool is unique in that it’s browser-based and collaborative. This means that multiple people can work on the same file at the same time, which is a major advantage over traditional design tools like Adobe Photoshop and Sketch.Figma also offers a free tier for individual users, which has helped it attract a large community of independent designers and students.Figma has raised a total of $155 million from investors including Sequoia Capital, Andreessen Horowitz, Kleiner Perkins, Index Ventures, Design Ventures, GV (formerly Google Ventures), Madrona Venture Group, and others. The company is valued at $1.1 billion and plans to use the new funding to expand its platform capabilities, build out its community and ecosystem, and invest in its team. Figma's design tool is unique in that it's browser-based and collaborative; the company also offers a free tier for individual users.

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