Software startup Figma secures $12.5bn valuation from investors, exceeding $700m in annual recurring revenue.
Design software startup Figma, based in San Francisco, has secured new investments at a $12.5bn valuation from investors including Coatue Management, Alkeon Capital Management and General Catalyst Partners. The company's annual recurring revenue has exceeded $700m and is projected to reach over $1bn by next year. Figma has previously received a $1bn breakup fee from a terminated acquisition deal by Adobe.
July 17, 2024
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