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 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 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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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.

Adobe on will buy startup Figma for about US$20 billion in its biggest deal, the Photoshop maker said on Thursday (Sep 15), bulking up on applications that ...

Either company will have to pay a termination fee of US$1 billion if they scrap the deal. The company had cash and cash equivalents of US$3.87 billion as of Sep 2. Some analysts pointed to the size of the deal that could require Adobe to raise debt.

Founded in 2012, San Francisco-headquartered Figma has raised $333 million in venture funding to date, per Crunchbase data, and includes a long list of well- ...

Lastly, [Durable Capital Partners](https://www.crunchbase.com/organization/durable-capital-partners) led a $200 million Series in 2021. Nor will [Andreessen Horowitz](https://www.crunchbase.com/organization/andreessen-horowitz), which led a Series D in 2020. So should [Kleiner Perkins](https://www.crunchbase.com/organization/kleiner-perkins-caufield-byers), which led a Series B a couple years later. [Greylock](https://www.crunchbase.com/organization/greylock), which led Figma’s $14 million Series A in late 2015, should also see a massive return on investment. However, while Figma backers may be pleased with the deal, the same can’t be said for Adobe shareholders. [Sequoia Capital](https://www.crunchbase.com/organization/sequoia-capital) won’t be left out either, as the firm led Figma’s 2019 Series C.

Adobe agreed on Thursday (Sep 15) to acquire Figma, whose products are used by software developers to collaborate, for US$20 billion, sparking investor ...

Either company will have to pay a termination fee of US$1 billion if they scrap the deal. It added that Figma's total addressable market would reach US$16.5 billion by 2025 across design, whiteboarding and collaboration. Advertisement

Hi, it's Katie and Kamaron in New York. Today, we're taking a closer look at a record-breaking software deal and rounding up a busy week of dealmaker ...

Hi, it’s Katie and Kamaron in New York. Elsewhere, there’s the latest on the flurry of football takeovers in Europe. It’s going to be a bumper edition of the Deals newsletter today and we wanted to start with a few words on our scoop that