San Fran-based design startup Figma ($PRIVATE:FIGMA) is being primed and readied to be a billion-dollar company. The valuations come from rounds of funding, and millions made from investors, including venture capital firm Andreessen Horowitz. Figma describes itself as a "collaborative interface design tool," as it's all run by the power of the almighty cloud and is compatible with any operating system on any device.
“Our mission is to make design accessible. We think everyone should have the tools to express themselves visually, and the design process should be open and collaborative.” Dylan Field, CEO and co-founder of Figma said in a statement after the company's series-C raise.
Figma raised $50 million at a $2 billion valuation. This data shows why this startup may be so valuable to invtestors.
Having written a lot of stories about companies shrinking and hiring less during the COVID-19 pandemic, it's refreshing to see that in the last six months Figma increased its workforce by 65%. A company founded on the idea of user-friendly, widely accessible software is thriving while everyone is working from home on different devices and cloud servers.
Job openings at Figma have also remained steady, despite the economic turmoil going on.
In three years, Figma's Twitter following has grown a whopping 1305.66%. At this rate, it'll easily hit 100K on Twitter. The Facebook likes and 'Talking About' count are also up (not shown here), as is Figma's Instagram following, the social media platform most suited to highlight what's unique and cool about the startup.
About the Data:
Thinknum tracks companies using the information they post online - jobs, social and web traffic, product sales and app ratings - and creates data sets that measure factors like hiring, revenue and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales.