Figma CEO Dylan Field says his startup's $50 million Series D from Andreessen Horowitz can help with acquihires and a push into new features focused around collaboration by alexrkonrad
Figma competes in a design market that still features a public company incumbent, Adobe, and that has also seen the rise of popular startup rivals including InVision and Sketch. On the small business and individual user side to online design,, the Australia-based unicorn boasting more than 20 million users .
“We can never forget the core market we have today, that’s our core focus. But at the same time, we’re expanding out to the other use cases and trying to get to the point where everyone in a company can use Figma,” Field says. With millions already in the bank, Figma’s funding round was opportunistic as a “COVID positive company.” But the company can now expand its go-to market sales team, says Levine, while looking to gobble up other tools and talent that might help it expand faster. Field says the company also made expanding its option pool to give more equity to employees a priority in the terms.
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