Figma Inc., a San Francisco-based design startup, has secured a $12.5 billion valuation in a deal that involved investment from a group of prominent firms.
What Happened: The investment group includes Coatue Management, Alkeon Capital Management, and General Catalyst Partners, reported Bloomberg on Thursday citing people with knowledge of the matter.
This investment has come through a secondary share sale, which has been finalized. The deal also involved current and former employees, as well as other equity holders.
Figma, which is currently generating over $700 million in annual recurring revenue, is expected to exceed $1 billion by next year. The annual recurring revenue was approximately $400 million in late 2022.
Figma did not immediately respond to Benzinga's request for comment.
Other investors in this deal include Sequoia Capital, Andreessen Horowitz, Iconiq, SurgoCap Partners, Atlassian Corp., Fidelity Management & Research Co., Franklin Templeton's Franklin Venture Partners, Thrive Capital, Greenoaks Capital Partners, Durable Capital Partners, Apple Inc. executive Eddy Cue, Goanna Capital, and XN, according to the Figma spokesperson.
Why It Matters: This latest investment round comes after Figma set a $12.5 billion valuation in a new equity offering in May, which was notably lower than the $20 billion acquisition offer from Adobe Inc. (NASDAQ:ADBE).
The European Union raised antitrust concerns regarding the proposed acquisition, suggesting that it could significantly reduce competition in the global market for interactive product design tools. The EU's investigation underscored worries about Figma's potential dominance over Adobe's Illustrator and Photoshop tools.
Adobe and Figma parted ways after failing to secure approvals from the European Commission and the UK Competition and Markets Authority.
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This story was generated using Benzinga Neuro and edited by Kaustubh Bagalkote
总部位于旧金山的设计初创公司Figma Inc.已获得了125亿美元的估值，此次交易涉及了一群知名公司的投资。
投资组合包括Coatue Management、Alkeon Capital Management和General Catalyst Partners，引用具有知情权的人士称，由Bloomberg周四报道。
这次投资是通过二级股权转让完成的。本次交易还涉及现任和前任员工以及其他股权持有人。
Figma目前每年的营业收入已经超过7,000万美元，预计到明年将超过10亿美元。在2022年底，该公司的年度复发收入约为4,000万美元。
Figma尚未立即回应Benzinga的置评请求。
此次交易中的其他投资者还包括Sequoia Capital、Andreessen Horowitz、Iconiq、SurgoCap Partners、Atlassian Corp.、Fidelity Management＆Research Co.、Franklin Templeton的Franklin Venture Partners、Thrive Capital、Greenoaks Capital Partners、Durable Capital Partners、苹果公司高管埃迪·库和Goanna Capital、XN，据Figma发言人介绍。
此次最新的投资轮在Figma在5月份进行新股权发行并设定125亿美元估值之后进行，这一估值明显较Adobe Inc. (NASDAQ:ADBE)提出的200亿美元收购要低。
欧盟对拟议的收购提出了反垄断担忧，并表示这可能会在全球交互式产品设计工具市场上显著削弱竞争力。欧盟的调查强调了有关Figma可能在Adobe Illustrator和Photoshop工具上占据主导地位的担忧。
在未能获得欧洲委员会和英国竞争与市场管理局的批准后，Adobe和Figma分道扬镳。
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图片来自shutterstock
本报道使用Benzinga Neuro生成，并由Kaustubh Bagalkote
