Figma Approaches Major IPO that could bring in $1.5 Billion

Figma nears a major IPO, aiming to raise about $1.5 billion and boost its valuation as the demand for powerful design tools keeps growing.

July 2, 2025 9:00 AM

2 MIN TO READ

Eva Robinson

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Figma

his Tuesday, the Figma company, which focuses on design software, has shared publicly all its financials, getting this design software company much

closer to an IPO (initial public offering).

It’s important to mention that the initial S-1 is currently missing important details such as the exact number of shares that are planned to be offered, as well as the price.

According to all the IPO experts, it seems that the Figma design software company is probably able to gain about $1.5 billion in the first public offering. If this information is indeed true, the Figma IPO will likely be higher than the one from CoreWeave. CoreWave has managed to raise about $1.5 billion, which represented one of the biggest IPO of 2025.

Back in 2024, Figma reported about $749 million in revenue, which represents a major leap of about 48% compared with the previous year. But things only get better from that point, because in the first quarter of this year recorded a 46% annual growth. Even more so, the 12-month revenue reported by the Figma design software company was about $821 million, along with a 91% profit margin.

The profit journey is quite interesting for a design software platform. Even if the Figma design company was indeed profitable back in 2023, it soon after, at the end of the year, has experienced a significant loss of about $732 million, because a large expense that was given based to employee stock compensation.

But the situation improved very quickly, and by the time Figma needed to report the Q4 records, it also reported a higher profit margin. The same case also happened in Q1 of 2025, because the Figma design software has also reported a significant improvement in profits.

Currently, we don’t know for sure if the Figma executives or even the VCs are considering selling their shares right now or very soon. Some of the major backers of this design software are Index, Greylock, Sequoia, and Kleiner Perkins. You must know that these companies and firms have invested in this platform only during the private funding rounds.

In the Series A and Series C funding rounds, Figma was backed by Geylock Partners with about $14 million, while Sequoia Capital contributed with about $40 million.

Back in April, Figma initially filed for its first IPO, being confident about the fact that the company’s revenues had suddenly increased from $156.2 million to $228.1 million after the recently announced features powered by artificial intelligence technology.

‍“While we have made, and expect to continue to make, significant investments to integrate AI, including generative AI, into our platform, AI technologies are rapidly evolving and there can be no guarantee that our products will remain competitive as new AI technologies are developed, adopted, and integrated into software solutions,”, the Figma company stated in their most recent regulatory document.