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What smart money is saying about FigmaUnited States flag

FIG · Technology · Software - Application · Market cap $18.17B

2 funds in our archive have pitched Figma — most recently Sands Capital Technology Innovators in September 2025.

Company profile

Figma, Inc. develops a browser-based tool for designing user interfaces that helps design and development teams build various products. The company offers Figma Design, a collaborative design tool for teams that explore ideas and gather feedback, build realistic prototypes, and streamline product development with design systems; Dev Mode to inspect designs and translate them into code without changing the design file; FigJam to define ideas, align on decisions, and move work forward—all in one place; and Figma Slides, a presentation tool built for designers and their teams. It also provides Figma Draw to create expressive designs with illustration tools; Figma Buzz that publishes brand templates to create social media assets, display ads, one-pagers, and others; Figma Sites to design, prototype, and publish; and Figma Make, an AI tool to design and prompt way to a functional prototype. The company was incorporated in 2012 and is headquartered in San Francisco, California.

Fund coverage · 2 theses

  • Sands Capital Technology Innovators
    September 2025

    Figma is a leading digital design platform with a dominant market share and strong potential for growth in an evolving landscape, particularly as thoughtful design remains a key differentiator.

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  • Baron Global Opportunity Fund
    September 2025

    Figma, Inc. is a leading subscription-based software platform that enhances collaborative design for both designers and non-designers, driving significant market share and revenue growth while emphasizing the importance of design in software development.

    Read the full thesis

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