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Figma thinks up a digital brainstorm

Collaborative-design platform Figma raised $200 million to expand its footprint in an increasingly digitally-forward work world.

1 min Read
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Figma // Illustration by Kate Walker

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Figma thinks up a digital brainstorm

 

The Future. Collaborative-design platform Figma raised $200 million to expand its footprint in an increasingly digitally-forward work world. With work-from-home arrangements here to stay, we may all soon be using Figma to brainstorm with teams.

Data design
Figma wants to be the Google Docs of design.

  • The software allows users to collaborate digitally on designs in real-time via a virtual canvas.
  • It also recently added an audio chat function so that designers can communicate all in one platform.
  • It’s already being used by companies such as Netflix, Airbnb, BMW, and Discord.

Figma actually launched in 2016 and has millions of devoted users; the company expects to generate $150 million in revenue this year. But with $200 million in new funding, the company is planning a major international expansion, development of new products, and possible acquisitions.

Its newest product, FigJam, is an online whiteboard and Post-it note tool that every writer’s room in Hollywood is bound to sign up for.

David Vendrell

Born and raised a stone’s-throw away from the Everglades, David left the Florida swamp for the California desert. Over-caffeinated, he stares at his computer too long either writing the TFP newsletter or screenplays. He is repped by Anonymous Content.

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