Figma received an investment with a valuation of 12.5 billion dollars

Figma's $700 million investment round was co-led by Coatue Management, Alkeon Capital Management and General Catalyst Partners. With this, the value of Figma increased to 12.5 billion dollars. The company's $700 million investment round was jointly led by Coatue Management, Alkeon Capital Management and General Catalyst Partners.
US-based Figma's investment round includes SurgoCap Partners, Atlassian Corp., Fidelity Management, Franklin Venture Partners, Iconiq, Sequoia Capital, Thrive Capital, Greenoaks Capital Partners, Sustainable Capital Partners, Andreessen Horowitz, Kleiner Perkins, Apple's Eddy Cue, Goanna Capital and XN took place.
Founded in 2012 by Dylan Field and Evan Wallace, the startup offers a range of tools that simplify the design of user interfaces for websites and mobile apps.
Figma is touted as a completely cloud-based design tool. In other words, users can access their projects through web browsers without downloading any software. In parallel, it allows team members to access and work on projects from different locations.
One of the most amazing features of Figma is that users can work on the same project at the same time. Multiple designers, developers, and other stakeholders can simultaneously edit a project and see each other's changes in real time.
The company has the opportunity to collect feedback from the software developers and product managers involved in the project. Users can provide feedback on the design by commenting and leaving notes.
Figma has a community platform where users can share design templates, plugins and other resources. The Figma Community provides access to free and paid resources that users can use in their projects.
On the other hand, Figma also offers AI-powered features. Figma Slides, an AI-powered visual storytelling tool, helps users create more effective and professional presentations.