Figma

The deal values Figma cofounders Dylan Field and Evan Wallace's stakes in the buzzy design startup at $2 billion apiece.

Field took a Thiel Fellowship and dropped out of college in 2012 to begin building what would become Figma. Adobe’s last major acquisition was a [$1.2 billion takeover](https://blog.frame.io/2021/08/19/adobe-announces-intent-to-acquire-frameio/) of collaborative video editing and review software maker Frame.io in August 2021. “And design is a team sport—it’s collaborative by nature.” Forbes reported that the startup generated $75 million in revenue in 2020. Forbes estimates that Field and Wallace each hold a 10% stake in the company that would now be valued at $2 billion. “The combination of Adobe and Figma is transformational and will accelerate our vision for collaborative creativity.”

Adobe Inc. is nearing a deal to acquire Figma, a startup that makes online design collaboration tools, people with knowledge of the matter said.

San Francisco-based Figma, founded by Dylan Field and Evan Wallace in 2012, allows software developers and designers to collaborate remotely and design ...

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Figma is a collaborative design platform that allows people to work together across the web. Today, Adobe announced that it will acquire Figma for ...

we're eager to preserve what's great, and tackle some of the new possibilities together." We plan to continue to run Figma the way we have always run Figma — continuing to do what we believe is best for our community, our culture and our business." David is someone I’ve known for a few years now and we have a strong relationship of mutual respect; I’m very excited for us to collaborate with him on how to continue growing Figma’s business. One of the main benefits of Figma is that it allows for seamless collaboration through the web. The [Surface Duo design kit](https://www.windowscentral.com/microsoft-shares-surface-duo-design-kit-help-improve-app-design) was also shared on Figma by Microsoft. After the deal closes, Figma's co-founder and CEO Dylan Field will remain as the leader of the Figma team.

The deal is part of Adobe's push to expand its tools for virtual collaboration, design and remote production.

“Figma has built a phenomenal product design platform on the web,” said David Wadhwani, president of Adobe’s Digital Media business. “The combination of Adobe and Figma is transformational and will accelerate our vision for collaborative creativity.” Founded by Dylan Field and Evan Wallace in 2012, Figma pioneered product design on the web.

American computer software company, Adobe, on Thursday, announced that it has entered into a definitive merger agreement to acquire Figma, ...

“The combination of Adobe and Figma is transformational and will accelerate our vision for collaborative creativity.” The combined company will have a massive, fast-growing market opportunity and capabilities to drive significant value for customers, shareholders and the industry,” the statement said. “Figma’s mission is to help teams collaborate visually and make design accessible to all.

$20 billion Figma deal is a historic coup for startup investors in an otherwise miserable year · Just over a year after raising money at a $10 billion valuation, ...

This really was more a question of what is the best way to achieve the goal of company, which is to democratize tools for design and creation across the globe." "Figma is actually one of these rare companies that has achieved incredible escape velocity," said Narayen, Adobe's CEO since 2007. Before that, the biggest was Macromedia for $3.4 billion in 2005. [BVP Nasdaq Emerging Cloud Index](https://cloudindex.bvp.com/), forward multiples have fallen to just over 9 times revenue from about 25 in February 2021. "This was a significant threat to Adobe," Lo Toney, founding managing partner of Plexo Capital, which invests in start-ups and venture funds, told CNBC's "TechCheck" on Thursday. They include Durable Capital Partners and "The company was IPO-able. venture-backed software M&A was tracking to its worst year since 2017." Tomasz Tunguz of Redpoint Ventures wrote in a Investors in the 2021 round doubled their money. Figma's cloud-based designed software has been a growing headache for Adobe over the last few years. There was no other bidder out there driving up the price, according to a person familiar with the matter who asked not to be named because the details are confidential.

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Rimer, a partner at the venture capital firm Index Ventures, invited Figma's co-founder and chief executive officer, Dylan Field, to dinner and ordered a bottle ...

Field, 30, is now of legal drinking age in the US, and both he and Rimer stand to make a lot of money from the sale. Rimer went ahead, he recalled, and ordered the Pinot anyway. [Index Ventures](/quote/1805Z:SW), invited Figma’s co-founder and chief executive officer, Dylan Field, to dinner and ordered a bottle of wine to celebrate the deal.

Adobe is scooping up the smaller design platform for a huge sum, but Figma's CEO says it will continue operating autonomously.

The Friends of Figma program will continue to grow into new communities. We plan to continue to run Figma the way we have always run Figma — continuing to do what we believe is best for our community, our culture and our business." "The entire Figma team will report to me.

Adobe bought Figma for $20 Billion and thereby wiped out its biggest competitor in digital design, making it the biggest news for the world of digital ...

Dylan Field is expected to stay in Figma and drive its business for the time being. The challenge for Adobe would be to build the bridge between Adobe's strengths lie in acquisitions of various companies in digital creation, and their core is design, but now they have a strong marketing arm. The third quarter came with Adobe confirming turnovers of $4.43 billion and earnings per share at $3.40, which surpassed forecasts. Only stock brokers and investors are not the only concerned lot, but the internet has many users posting comments showing their anxiety about normal usage. [Adobe](/topic/adobe)bought [Figma](/topic/figma)for $20 Billion and thereby wiped out its biggest competitor in digital design, making it the biggest news for the world of digital creative technology, according to reports.

Adobe Inc will buy startup Figma for about $20 billion in its biggest deal, the Photoshop maker said on Thursday, bulking up on applications that support ...

Either company will have to pay a termination fee of $1 billion if they scrap the deal. Distribution across machines running on Windows helped Adobe gain ubiquity and the companies also sync their products across platforms. It's not a sustainable solution." The company had cash and cash equivalents of $3.87 billion as of Sept. Some analysts pointed to the size of the deal that could require Adobe to raise debt. Adobe has sharpened its focus on the collaboration tools space in recent years through acquisitions.

Adobe's $20 billion Figma deal raises eyebrows and rings antitrust bells ... Turning foes into friends. ... A burgeoning design startup will now be owned by the ...

[debuted in 2016](https://www.forbes.com/sites/alexkonrad/2021/08/10/how-figma-became-designs-hottest-startup-valued-at-10billion/?sh=6f50f1a3726e), it’s been touted as an Adobe killer for being [more efficient, collaborative, and affordable](https://www.protocol.com/workplace/adobe-figma-dylan-field-user-reactions). Industry insiders, however, don’t understand the dumping. [pointed out](https://twitter.com/Vaskatta/status/1570561388581617664). 15, Adobe announced it was buying the San Francisco-based firm in a [$20 billion half-cash and half-stock deal](https://news.adobe.com/news/news-details/2022/Adobe-to-Acquire-Figma/default.aspx). [tweeted](https://twitter.com/amaldorai/status/1570604636524126210). The deal comes “with access to Adobe’s technology, expertise and resources in the creative space,” CEO Dylan Field [being unaffordable](https://twitter.com/4erepawko/status/1570436634419789826) and [clunky](https://twitter.com/andybudd/status/1570391834622562305). [antitrust issues](https://techcrunch.com/2022/09/15/adobe-is-buying-figma-for-20b-taking-out-one-of-its-biggest-rivals-in-digital-design/) come up and the deal doesn’t go through? 15 blogpost](https://www.figma.com/blog/a-new-collaboration-with-adobe/). [Adobe’s Instagram](https://twitter.com/nbashaw/status/1570419021211901953).” [plummeted 16%](https://seekingalpha.com/news/3883076-adobe-drops-11-on-reaction-to-20b-figma-deal-and-mixed-outlook) on the news, as well on its [mixed bag earnings results](https://www.zdnet.com/article/adobe-q2-a-mixed-bag-as-revenue-falls-short-of-estimates/). [Field’s tweet](https://twitter.com/zoink/status/1355173534390075394?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1355173534390075394%7Ctwgr%5E37eb9a89cff06141b271038df7c523973f593415%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fkinja.com%2Fembed%2Finset%2Fiframe%3Fautosize%3D1id%3Dtwitter-1355173534390075394) from Jan 29, 2021

American multinational computer software company Adobe has announced its plan to acquire online collaborative design platform Figma, for roughly $20 billion ...

Beat early bird for free books and other bonuses. The company is already dominant in so many of the tools that are used, and now it is making plans to be the dominant player in the platform, to bring in and provide all of these tools for designers. Cost is N60,000 or $140 for the 12-week program.

Adobe announced a deal to pay $20 billion to for a $400 million software company. Here's why that big bet might payoff.

According to Danny Rimer, a partner at Index Ventures which invested in Figma in 2013, “The company was IPO-able. As Narayen said, “Software follows a sort of S curve: performance eventually moves sideways if you do not invest in the right opportunities.” Field — who will report David Wadhwani, president of Adobe’s digital-media business — said that the acquisition will help Figma move faster. Were that growth rate to slow down to 80% a year between 2023 and 2028, the deal could add $13.6 billion to Adobe’s top line five years after the deal closes. The culture of the two companies strike me as compatible. Together, Adobe and Figma will reimagine the future of creativity and productivity, accelerate creativity on the web, advance product design and inspire global communities of creators, designers and developers.” For example, Figma has four million subscribers — two-thirds of whom users aren’t among Adobe’s core designer customers, according to the Journal. Based on the relative scale of the two companies, that price looks exorbitant. Figma’s revenue is expected to grow at 100% between 2021 and 2022. According to the company, “Figma has attracted a new generation of millions of designers and developers and a loyal student following. As CNBC noted, “It’s cheaper (there’s even a free tier), easier to use, collaborative and modern, and has been spreading like wildfire among designers at companies big and small.” Depending on how well Adobe integrates the two companies, their combined competitive advantages could result in faster top-line growth for Adobe.

Prior to announcing its intent to buy Figma for $20 billion on Thursday, Adobe's largest deal was its $4.75 billion Marketo acquisition in 2018.

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Yesterday, computer software giant Adobe announced that it will acquire the design startup Figma for $20 billion. The reaction of designers on the continent ...

“For me the huge change that I feel is coming is the learning curve that I need to go through.” With the announcement, she now worries that the acquisition would bring changes to Figma’s software that she would need to learn afresh. But it is not all pessimism from the designers. Two years later, the company launched a digital whiteboarding capability called FigJam, allowing users to collaborate with sticky notes, emojis and drawing tools. It’s not clear what will become of AdobeXD, Figma’s competitor, when the deal closes. With Figma experiencing an explosion of growth and popularity, it replaced siloed, asynchronous, file-based designing experience with a real-time, collaborative, whiteboard-like experience. Later that year Adobe released a beta of Adobe XD, its new interface design and prototyping tool, for Windows 10. Others, like the Nigerian product designer Robiu Adufe, believes that an opportunity to integrate some of Adobe’s feature is a welcome development. This was in response to the rising popularity of Sketch, a user interface (UI) and user experience (UX) tool released by Sketch B.V. Launched in 2016, Dylan Field and Evan Wallace started Figma to challenge Adobe’s PhotoShop. My anxiety lies in how attentive they will be to designer needs as they rollout new features and whether designers will not be met with so many other paywalls! All of Figma will continue to be free for education,” he added.