Andreessen Horowitz has led a $50m series D round for Figma that more than quadrupled the O’Reilly-backed design software developer’s valuation to $2bn.

Figma, a US-based design software developer backed by media company O’Reilly, secured $50m yesterday in a series D round led by venture capital firm Andreessen Horowitz.

Index Ventures, Greylock, Kleiner Perkins, Sequoia Capital, Founders Fund, Durable Capital and assorted angel investors also contributed to the round. It valued Figma at $2bn, co-founder and CEO Dylan Field told Forbes.

Founded in 2012, Figma has built a cloud-based tool that enables interface designers to collaborate on and prototype projects.

The company ultimately…

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Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
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