Figma

Figma is a leading collaborative design platform that has transformed the way teams create and share designs. With a remarkable revenue of $749 million in fiscal year 2024, Figma has experienced a staggering 48% year-over-year growth, showcasing its strong market presence. The company’s innovative approach allows designers to work in real-time, replacing traditional siloed tools like Sketch and Adobe XD with a seamless, web-based experience that fosters collaboration across teams.

Since launching its monetization strategy in 2017, Figma has attracted a loyal customer base, including major enterprises like Microsoft, Airbnb, and Uber. With 963 customers spending over $100,000 annually, Figma boasts impressive metrics such as 88.3% gross margins and a net dollar retention rate of 132%. This success is largely driven by its product-led growth model, which encourages widespread adoption within organizations, allowing teams to expand their use of Figma beyond design to include product management and engineering.

What sets Figma apart is its ability to serve as a single source of truth for design and product decisions, eliminating the need for cumbersome mock-up exports. As companies increasingly prioritize design tools in their budgets, Figma is well-positioned for continued growth. With plans to go public in July 2025, Figma aims to further solidify its status as an essential tool for modern design teams, driving innovation and collaboration in the digital workspace.