Article
Figma Upcoming IPO: Designing a path toward going public
July 22, 2025
While a failed merger can be a devastating blow for some companies, design software platform Figma has seemingly dusted itself off and is back on a growth trajectory.
Figma was founded in 2011 by Dylan Field. According to CNBC in April 2025, Figma confidentially filed for a U.S. IPO.
Figma is a design service provider and the developer of a co-creation platform that helps teams create or test designs. Per Forge data, Figma has raised a total of $748.6 million over eight funding rounds. Their latest funding round was July 17, 2024, in a Secondary Market round. Key investors include Alkeon Capital, Coatue, and General Catalyst.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
| Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
|---|---|---|---|---|---|---|
| 06/23/2021 | Series E | $200MM | $xx.xx | $10B | Durable Capital Partners, Morgan Stanley | |
|
Price per Share
$xx.xx
Shares Outstanding
9,391,126
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Durable Capital Partners, Morgan Stanley
|
||||||
| 04/29/2020 | Series D | $50MM | $xx.xx | $2B | Andreessen Horowitz, Durable Capital, Founders Fund, Greylock Partners, Index Ventures, Kleiner Perkins, Sequoia Capital | |
|
Price per Share
$xx.xx
Shares Outstanding
10,825,930
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Andreessen Horowitz, Durable Capital, Founders Fund, Greylock Partners, Index Ventures, Kleiner Perkins, Sequoia Capital
|
||||||
| 02/14/2019 | Series C | $40MM | $xx.xx | $440MM | Andrew Wilson, Coatue Management, Dan Rose, Founders Fund, Greylock Partners, Index Ventures, Jeffrey Weiner, Kleiner Perkins, Mike Krieger, Sequoia Capital | |
|
Price per Share
$xx.xx
Shares Outstanding
36,435,180
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Andrew Wilson, Coatue Management, Dan Rose, Founders Fund, Greylock Partners, Index Ventures, Jeffrey Weiner, Kleiner Perkins, Mike Krieger, Sequoia Capital
|
||||||
| 02/01/2018 | Series B | $25MM | $xx.xx | $158.56MM | Fuel Capital, Greylock Partners, Index Ventures, Kleiner Perkins | |
|
Price per Share
$xx.xx
Shares Outstanding
75,378,390
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Fuel Capital, Greylock Partners, Index Ventures, Kleiner Perkins
|
||||||
| 12/03/2015 | Series A | $14MM | $xx.xx | $76.95MM | Adam Nash, Dj Patil, Greylock Partners, Haystack, Iconiq Capital, Index Ventures, Jeffrey Weiner, O'Reilly Alphatech Ventures, Soleio Cuervo | |
|
Price per Share
$xx.xx
Shares Outstanding
70,262,325
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Adam Nash, Dj Patil, Greylock Partners, Haystack, Iconiq Capital, Index Ventures, Jeffrey Weiner, O'Reilly Alphatech Ventures, Soleio Cuervo
|
||||||
| 06/07/2013 | Series Seed | $4MM | $xx.xx | $16MM | Adam Nash, Index Ventures, Kaplan Group Investments, Localglobe, O'Reilly Alphatech Ventures | |
|
Price per Share
$xx.xx
Shares Outstanding
45,568,395
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Adam Nash, Index Ventures, Kaplan Group Investments, Localglobe, O'Reilly Alphatech Ventures
|
||||||
While a failed merger can be a devastating blow for some companies, design software platform Figma has seemingly dusted itself off and is back on a growth trajectory.
“The Little Engine that Could” is a timeless story of determination in the face of adversity that is often taught to children to emphasize the importance of perseverance and self-belief. Indeed, these are some of the qualities that allow startups to potentially become successful and challenge the status quo.
| Last Funding Round | ||||||||
|---|---|---|---|---|---|---|---|---|
| Company | Forge Price | Forge Price Change 5 | Last Closed Trade | Share Class | Post-Money Valuation | Price per Share | Amount Raised | |
 | OpenAI | $469.47 | -0.01% | $xx.xx | Funding Round | -- | -- | -- |
 | Anduril | $40.88 | -3.86% | $xx.xx | Series G | $30.5B | $xx.xx | $2.5B |
 | Cerebras | $31.39 | +0.03% | $xx.xx | Series F-1 | $2.87B | $xx.xx | $420MM |
 | Kraken | $36.13 | +0.28% | $xx.xx | Series B | $5.52B | $xx.xx | $52.5MM |
 | Netskope | $14.50 | +8.45% | $xx.xx | Series H | $7.5B | $xx.xx | $300MM |
 | Figure | $5.68 | +3.09% | $xx.xx | Series D | $3.33B | $xx.xx | $220MM |
 | Firefly Aerospace | -- | -- | $xx.xx | Series D-4 | $3.49B | $xx.xx | $100MM |
 | Cohesity | $15.67 | +0.06% | $xx.xx | Series H-1 | $4.69B | $xx.xx | $27.5MM |
 | Klarna | $37.31 | +21.02% | $xx.xx | Unknown | -- | -- | -- |
 | HeartFlow | -- | -- | $xx.xx | Series E | $1.65B | $xx.xx | $305MM |
Updated on: Jul 21, 2025
PLEASE READ THESE IMPORTANT LEGAL NOTICES & DISCLOSURES
‘Stock Price’ or other private company metrics (‘PC Data’) may rely on a very limited number of trade and/or IOI inputs in their calculation. PC Data is prepared and disseminated solely for informational purposes. While Forge has obtained information from sources it believes to be reliable, Forge does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives. Forge does not guarantee the accuracy, completeness, timeliness, or availability of PC Data, and are not responsible for any errors or omissions, regardless of the cause, or any results obtained from the use of PC Data. PC Data is derived from the performance and pricing of secondary activity on the Forge platform and other private market trading platforms. PC Data is not intended to, and does not necessarily, represent the market price of any securities (I.e., the price at which you could buy or sell such securities). Reference to company names does not imply any affiliation between Forge and that company, any endorsement or sponsorship by Forge of any company or vice versa, or any partnership, joint venture or other commercial relationship between Forge and any company. Rights with respect to any company marks referred to herein are owned by the company.
The news articles displayed on this page may be curated using artificial intelligence (AI) technology, which selects relevant content from a list of trusted web sources. While we strive for accuracy and reliability, the inclusion of an article does not imply endorsement or verification of its content. This communication is for informational purposes only. Investors should conduct their own research and consult a financial professional before making investment decisions.
Investing in private company securities is not suitable for all investors, is highly speculative, is high risk, and investors should be prepared to withstand a total loss of their investment. Private company securities are highly illiquid and there is no guarantee that a market will develop for such securities. Each investment carries its own risks, and investors should conduct their own due diligence regarding the investment, including obtaining independent professional advice. Past performance is not indicative of future results. This is not a recommendation, offer, solicitation of an offer, or advice to buy or sell securities by Forge, nor an offer of brokerage services in any jurisdiction where Forge is not permitted to offer brokerage services. Brokerage products and services are offered by Forge Securities LLC, a registered broker-dealer and member FINRA/SIPC. Please see other important disclaimers, disclosures and restrictions you acknowledge by using this website and to which you are subject.