In 2015, Greylock Partners led the company's Series A and was joined by investors including Index Ventures in a deal that valued Figma at $48.4 million. In total, San Francisco-based Figma previously had raised more than $330 million from investors, according to PitchBook data. The previous record purchase of a VC-backed company was set in 2014, when Facebook acquired WhatsApp for $17.2 billion. The deal also would result in a bonanza for several of Silicon Valley's top venture firms, which have helped Figma's valuation rocket higher since it raised seed funding in 2013.
Adobe agreed Thursday to buy design tool developer Figma for $20 billion in what would represent the largest acquisition of a venture-backed company, according to PitchBook data.
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