Figma CEO Dylan Field to Pocket $60 Million in IPO as Major Investors Exit Stakes
📷 Image source: techcrunch.com
Figma CEO Dylan Field is set to cash out approximately $60 million from his shares in the company’s upcoming initial public offering (IPO), according to regulatory filings. The cloud-based design platform, which has become a staple for UI/UX professionals, is also seeing early backers like Index Ventures, Kleiner Perkins, Greylock Partners, and Sequoia Capital offloading significant portions of their holdings. The move signals a major liquidity event for both the founder and investors who have backed Figma since its early days.
Founded in 2012, Figma revolutionized collaborative design by enabling real-time teamwork in a browser-based interface. Its rapid growth attracted investments from top-tier venture firms, and its valuation soared to $10 billion in its last private funding round. The IPO, expected later this year, will test investor appetite for high-growth tech firms amid a fluctuating market.
Additional reporting from Bloomberg reveals that Figma’s IPO could value the company between $12 billion and $15 billion, depending on market conditions. Competitors like Adobe and Canva have also been closely watching Figma’s trajectory, as its success could reshape the landscape of design software. Analysts suggest that Figma’s strong recurring revenue and sticky user base make it a compelling candidate for public market investors.
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