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, growing 48% year-over-year, Figma has quickly established itself as a favorite among designers and product teams. The company’s innovative web-based tool allows for real-time collaboration, making it a go-to solution for organizations looking to streamline their design processes. Figma's freemium model and product-led growth strategy have attracted over 1,031 customers who pay more than $100,000 annually, showcasing its strong market presence.

What sets Figma apart from competitors like Adobe XD and Sketch is its ability to integrate seamlessly into the workflow of design teams. By eliminating the need for file exports and providing a single source of truth for design decisions, Figma has become indispensable for many organizations. Its user-friendly interface and collaborative features have led to widespread adoption, with designers often refusing to use other tools. Notable enterprise clients include Microsoft, Airbnb, and Uber, highlighting Figma's appeal across various industries.

As Figma prepares for its public offering, targeting a valuation between $14.6 billion and $16.4 billion, the company is poised for continued growth. With a focus on expanding its market share and enhancing accessibility through new products like FigJam, Figma aims to redefine the future of design collaboration.