Fenwick represented Figma, Inc., developer of real-time collaborative design tools, in its $40 million Series C financing. The round was led by Sequoia Capital, with participation from Coatue, Founders Fund, Jeff Weiner (CEO of LinkedIn), Mike Krieger (co-founder of Instagram), Andrew Wilson (CEO of Electronic Arts) and Dan Rose (VP partnerships at Facebook), as well as existing venture partners Index, Greylock and Kleiner Perkins Caufield & Byers.
With the new round of funding, Figma plans to invest in its first enterprise-grade offering Figma Organization, as well as make improvements in the experience for individual designers/small teams. More information about Figma’s $40 million Series C financing can be obtained from the company announcement.
The Fenwick transaction team was led by corporate lawyers Michael Esquivel, Faisal Rashid, Brian Kelly and Jenna Hsieh.