Figma, a US-based developer of web-based interface design software, attracted $14m in a series A round featuring O’Reilly Alphatech Ventures (OATV), the corporate venturing division of media company O’Reilly, yesterday.
OATV invested alongside venture capital firm Greylock Partners, which led the round, Iconiq Capital, Index Ventures and assorted private investors. John Lilly, partner at Greylock, has joined Figma’s board of directors.
Founded in 2012, Figma has created an online tool that enables user interface designers to develop and collaborate on projects directly in their browser without the need to install software locally.
Figma expects to use the funding to develop simultaneous editing capabilities and shared colour libraries, and to hire more engineers and designers. The platform officially launched yesterday in preview form, and users can currently request to be put on a waiting list to secure access.
Index Ventures previously provided $4m in seed funding for Figma in 2013 together with angel investors Jeff Weiner, DJ Patil and Adam Nash, all of which returned for the series A round.