Reported 5 months ago
An investor group including Coatue Management, Alkeon Capital Management, and General Catalyst Partners have invested in Figma Inc. at a valuation of $12.5 billion. Figma is expected to surpass $1 billion in annual recurring revenue by next year, with the current revenue standing at over $700 million. The deal involved a secondary share sale and attracted various prominent investors such as SurgoCap Partners, Atlassian Corp., Fidelity Management & Research Co., among others, including individuals like Apple Inc. executive Eddy Cue.
Source: YAHOO