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Figma’s Series D round | Figma Blog (opens in new tab)

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Figma announced a $50 million Series D funding round on April 30, 2020, led by Peter Levine and Marc Andreessen of Andreessen Horowitz. The company planned to use the funding to strengthen its collaborative design and prototyping platform while expanding into broader visual communication and creativity tools. The announcement also highlighted Figma’s growing relevance as remote work accelerated during the COVID-19 pandemic.

Funding and Investors

  • The Series D round raised $50 million.
  • It was led by Peter Levine and Marc Andreessen at a16z.
  • Existing investors—including Index, Greylock, KPCB, Sequoia, and Founders Fund—also participated.
  • New participants included Henry Ellenbogen of Durable Capital and several angel investors.

Expanding Uses for Figma

  • Figma reported increased engagement as work and home life became more digitally connected.
  • Customers were using the platform beyond interface design for:
    • Visual whiteboarding
    • Diagramming
    • Slide creation
    • Virtual design sprints
    • City-building projects
    • Minecraft skin creation
  • These examples supported Figma’s broader vision of making design accessible to everyone, including non-designers.

Planned Use of the Capital

  • Figma intended to invest further in its core design and prototyping platform.
  • Priorities included making the product more:
    • Powerful
    • Reliable
    • Collaborative
  • The company also planned to explore dedicated products for new visual communication and creativity use cases.
  • Figma viewed the shift toward remote collaboration as an opportunity to accelerate this work.

Hiring and Company Mission

  • Figma continued hiring to support its expansion.
  • Its long-term mission remained making design accessible to a wider audience through web-based collaborative tools.

Figma’s Series D funding was positioned as both an investment in its core collaborative design product and a step toward becoming a broader platform for visual communication.