Figma

Web-based platform for collaborative design

San Francisco, California, United States

About Figma

Figma provides a web-based platform designed for collaborative interface design, allowing multiple users to work on the same project in real-time from different locations. This platform is particularly useful for UI (User Interface) and UX (User Experience) designers, as well as graphic designers involved in tasks like prototyping, wireframing, and brainstorming. Figma serves a diverse clientele, ranging from freelance designers to large corporations, and is especially favored by tech companies and creative agencies. The company operates on a subscription-based model, offering a freemium option with basic features for free and advanced functionalities through paid plans. Additionally, Figma generates revenue from enterprise solutions that provide enhanced features for larger organizations. By continuously improving its platform and integrating with other design tools, Figma aims to be a central hub for design activities and to retain its customer base while attracting new users.

San Francisco, CaliforniaHeadquarters
2012Year Founded
$728.6MTotal Funding
SERIES_FCompany Stage
Consumer Software, DesignIndustries
1,001-5,000Employees

Benefits

Competitive salary & equity
Retirement with company contribution
Mental health and wellness benefits
Company recharge days
Work from home stipend
Health, Dental, & Vision
Parental leave & fertility support
Generous PTO
Learning & development stipend
Cell phone reimbursement

Risks

Legal disputes, like the lawsuit against Motiff, could harm Figma's reputation and finances.
User discomfort with the UI 3.0 update may lead to dissatisfaction and customer loss.
Focusing on AI development might divert resources from core product improvements.

Differentiation

Figma offers real-time collaboration, setting it apart from traditional design tools.
The platform's web-based nature allows seamless access without software installation.
Figma's freemium model attracts a wide range of users, from freelancers to enterprises.

Upsides

Figma's AI-powered tools enhance design workflows and challenge Adobe's market position.
The new Pattern Library feature streamlines design processes and boosts team collaboration.
Opening an office in Sydney expands Figma's reach in the Asia-Pacific market.