After Adobe fall down, Figma deal permits workers to promote shares at $12.5 billion valuation

After Adobe fall down, Figma deal permits workers to promote shares at $12.5 billion valuation

Dylan Field, co-founder and CEO of Figma, speaks on the startup’s Config convention in San Francisco on Would possibly additionally fair 10, 2022.


Figma, a cloud-based manufacture tool company, acknowledged Thursday it would enable merchants, alongside side most up-to-date and vulnerable workers, to promote their shares in a young offer that values the corporate at $12.5 billion.

That is up 25% from the valuation at which the corporate fundraised in 2021, but below the $20 billion acquisition offer Adobe made in 2022. Adobe and Figma known as off the planned acquisition in December following regulatory scrutiny.

The San Francisco-based startup expects the scale of the soft to be between $600 million and $900 million, with enhance from greater than 25 most up-to-date and fresh merchants. A16z, Sequoia and Kleiner Perkins are participating within the offer.

Figma is dilapidated by tens of thousands of workers internal Microsoft, which spends millions per yr on its deployment. GoogleOracle and Salesforce also exercise the corporate’s application.

In June 2021, for the period of the heyday of mega financings, Figma changed into once valued at $10 billion in a funding round that included participation from Morgan Stanley’s Counterpoint Global. That changed into once forward of the 2022 market descend sent many cloud stocks down by greater than half of and largely halted pre-IPO rounds.

Adobe before all the pieces acknowledged acquiring Figma might perchance perchance well perchance be a natural complement to the corporate’s portfolio, writing within the authentic announcement that “the combination of Adobe and Figma will usher in a fresh skills of collaborative creativity.” In December, a regulatory submitting acknowledged Adobe would pay Figma a $1 billion breakup price.

— CNBC’s Jordan Novet contributed to this myth.

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