After Adobe collapse, Figma deal allows employees to sell shares at $12.5 billion valuation
Summary
Dylan Field, co-founder and CEO of Figma, speaks at the startups Config conference in San Francisco on May 10, 2022. Figma is used by tens of thousands of employees inside Microsoft , which spends millions per year on its deployment. In June 2021, during the heyday of mega financings, Figma was valued at $10 billion in a funding round that included participation from Morgan Stanleys Counterpoint Global. That was before the 2022 market plunge sent many cloud stocks down by more than half and largely halted pre-IPO rounds. In December, a regulatory filing said Adobe would pay Figma a $1 billion breakup fee.
Classifications
industries
Media and Publishing
applications
Financial Reporting
AskAI Classifications
Labels
SaaS
Collaboration Software
Design Software
Linked Companies
Figma
$1M to $5M