PitchBook: the Adobe deal makes Figma the largest VC-backed exit in 20+ years; source: Figma's biggest outside shareholder is Index Ventures with a 12%+ stake
Bloomberg
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Discussion
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@zoink
Dylan Field
on x
THREAD: This morning we're announcing that @Figma has entered into an agreement to be acquired by @Adobe ! More information here: https://figma.com/... (1/9)
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@amaldorai
Amal Dorai
on x
I'm not surprised that Adobe is acquiring Figma for $20B, nor that Wall Street doesn't understand it and $ADBE stock is down more than $20B today. It's a smart move for Adobe because it's nearly impossible to make legacy software applications multi-user collaborative. Thread: 🧵
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@ericjackson
Eric Jackson
on x
If Figma keeps doubling in ARR for the next 3 years, they'll be doing $3.2B in rev That's a 6x multiple which ADBE is paying now to keep out of hands of MSFT $3.2B is roughly 13% of ADBE's projecte '25 revs of $25B 13% of ADBE's pre-deal market cap is roughly $20B
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@ericjackson
Eric Jackson
on x
Good thread for logic in ADBE doing the Figma deal... also suggests MSFT was probably bidding to push the price up https://twitter.com/...
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@mamoonha
Mamoon Hamid
on x
Congratulations @figma and @zoink on the largest acquisition of a private tech company ever. @kleinerperkins couldn't be more proud of the team + look forward to what you all accomplish as part of the @Adobe family.
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@c0up
Abhilash
on x
“At the outset, Field told Rimer he would spend up to three years developing Figma's design tools before releasing them to the public. “It wasn't an incremental, small thing,” Rimer said.” Respect for the conviction 👏🏽👏🏽 https://twitter.com/...
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@katie_roof
Katie Roof
on x
Nice little $2B returns for some well-known Valley firms. Story w/ @mcbridesg on the $$$$ made from Figma https://www.bloomberg.com/...
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@kateclarktweets
Kate Clark
on x
Kleiner Perkins led Figma's Series B funding in 2018. It has a roughly 10.5% stake worth about $2.1 billion today. https://www.theinformation.com/ ...
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@kateclarktweets
Kate Clark
on x
Sequoia led Figma's Series C round in 2019, valuing the company at $440 million. It invested a total of $97 million for a 6% stake in the company worth $1.2 billion at the time of the Adobe deal. https://www.theinformation.com/ ...