Who Owns Figma?

In the world of design and prototyping tools, Figma has emerged as a popular choice among designers and product teams. It offers a collaborative platform for creating interactive designs, user interfaces, and prototypes. But have you ever wondered who owns Figma?

The Founders

Figma was founded in 2012 by Dylan Field and Evan Wallace. Both of them were former interns at Flipboard, a social network aggregation company. They identified the need for better collaboration and communication in design teams and set out to create a tool that would address these challenges.

Dylan Field

Dylan Field, the CEO of Figma, is a computer science graduate from Brown University. He has always been passionate about design and technology. During his internship at Flipboard, he realized the limitations of existing design tools and saw an opportunity to revolutionize the industry.

Evan Wallace

Evan Wallace, the CTO of Figma, also studied computer science at Brown University. He has a strong background in web development and graphics programming. His expertise helped shape Figma into a powerful web-based tool with real-time collaboration capabilities.

Investors

Figma has attracted significant investments from renowned venture capital firms over the years. These investments have played a crucial role in fueling Figma's growth and innovation.

• Sequoia Capital: Sequoia Capital is one of the most prominent venture capital firms in Silicon Valley. They have backed numerous successful companies like Apple, Google, and Airbnb. In 2014, they led Figma's Series A funding round, showing their confidence in the product's potential.
• Kleiner Perkins: Kleiner Perkins is another well-known venture capital firm with a successful track record. They invested in Figma during its Series B funding round in 2015. Their investment helped Figma expand its team and further enhance the platform's features.
• Index Ventures: Index Ventures is a global venture capital firm that focuses on investing in technology-driven companies. They joined Figma's investor list during the Series C funding round in 2018, demonstrating their belief in the future of design collaboration tools.

The Ownership Structure

Figma is privately held, meaning it is not publicly traded on the stock market. The ownership of Figma is distributed among its founders, employees, and investors. The exact ownership percentages are not publicly disclosed, but it can be assumed that the founders hold a significant stake since they are actively involved in leading the company.

Figma's investors also have ownership stakes based on their investments. These stakes entitle them to a share of any future profits or potential sale of the company.

Conclusion

In summary, Figma was founded by Dylan Field and Evan Wallace in 2012. The company has received investments from prestigious firms like Sequoia Capital, Kleiner Perkins, and Index Ventures. While specific ownership percentages are not publicly available, the founders and investors have substantial stakes in the company. As Figma continues to innovate and shape the design industry, its ownership structure plays a crucial role in driving its success.