Figma’s IPO isn’t just a milestone for the company, it is a major cash out moment for its CEO and early backers. Let’s break it down like a good UI: clearly, cleanly, and with plenty of real time data.
1. Dylan Field is walking away with $60 million
Figma’s CEO and co-founder, Dylan Field is slated to cash out around $60 million from the company’s public offering. While he’s not leaving the company or giving up his leadership position, this cash-in moment is a common move when startups hit the public markets. Field, by the way, will still hold majority voting control thanks to special shares.
2. Top-tier VCs want their slice too
Index Ventures, Kleiner Perkins, Sequoia Capital, and Greylock, a full table of Silicon Valley royalty will also be offloading shares. According to the same TechCrunch report, these firms invested early and took part in Figma’s 2023 tender offer, which valued the design unicorn at $12.5 billion. That offer, led by Fidelity and a16z Growth, gave early insiders the option to sell even before IPO day.
3. A revenue rocket: Figma is not slowing down
Figma reported $793 million in revenue for the trailing 12 months, according to its IPO filing. The company grew 46% year-over-year in Q1 2025 alone pretty healthy numbers for a product used by both indie designers and massive enterprises. Adobe’s failed $20B acquisition didn’t slow them down one bit.
4. Field keeps the power seat
Even though he’s cashing out a portion, Field will maintain over 75% of the voting power after the IPO, thanks to his super-voting shares. So he’s still steering the ship. His co-founder, Evan Wallace, is also listed with significant voting control. This isn’t a case of founders stepping back it’s a case of them stepping up with cash in hand.
Related:Figma Sets $16.4 billion Valuation in IPO Bid, Marking A Tech Market Rebound.
5. AI is the next boss level
Figma admits in its filing that competition is heating up especially from AI-driven rivals. That’s the next battlefield. With the IPO money, Figma plans to double down on AI integrations and possibly acquire smaller companies in the creative tooling space. (Read: design meets machine learning.) You can see how serious this is in their S-1 breakdown.
