Figma's rapid ascent hasn't gone unnoticed by its larger competitors. In Sept. 2022, Adobe attempted to acquire Figma for $20 billion, but regulatory concerns scuttled the deal. Now, less than three years later, Figma is worth far more than that.

Design software company Figma just went public in the hottest IPO of the year. Here's what its biggest investors' stakes are worth.

Danny Rimer, partner at Index Ventures, led Figma’s seed round in 2013, when the company’s stock was valued at just 9 cents per share. He said he has long been impressed by co-founder Dylan Field’s product vision, and agreed with Field’s thesis that design is “the most important determinant” of many consumer-facing tech businesses.