Figma IPO Returns $7 Billion Each to VC Investors Index, Greylock
The design firm’s blockbuster IPO is bringing billions to its early venture backers.
Venture capital investors in Figma Inc. are set to earn billions from their early checks to the company following its initial public offering Thursday and the stock’s quick 250% surge.
The company’s largest VC backer, Index Ventures, invested nearly $100 million in the company when it was a startup raising seed funding, according to a person familiar with the matter who asked not to be identified because the information is private. As of Wednesday, at Figma’s initial IPO price, Index’s stake was worth $2.17 billion.