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Software Design Startup Figma Is Now Worth $10 Billion

The company raised $200 million in a new funding round.

Photographer: John Taggart/Bloomberg

Software design company Figma Inc. has raised fresh funding at a valuation of $10 billion, quintupling its pricetag since last year. The company, which allows customers to collaborate on software as they build it, said demand jumped during the pandemic while more people worked remotely. 

Figma raised $200 million in the funding round, the company told Bloomberg. Backers included Durable Capital Partners and Morgan Stanley through its Counterpoint Global group.