About Figma Ventures
Figma Ventures is a venture capital firm As of Dec 2025, Figma Ventures is an active investor, having invested in 7 companies, with 4 new investments in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Enterprise Infrastructure. Most recently it participated in the $***** Seed round of Raindrop Overall, Figma Ventures portfolio has seen 2 unicorns, namely Supabase and Black Forest Labs. A lot of funds co-invest with Figma Ventures, with names like Guillermo Rauch sharing a substantial percentage of its portfolio.Key Metrics
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series B & 2 more
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
Figma Ventures' List of Top Investments
Figma Ventures has a portfolio of 7 companies, including 2 unicorns. Their most notable investmentis in withpolyTheir portfolio spans across United States and Singapore. They have invested in Enterprise Applications, High Tech, Enterprise Infrastructure and 2 other sectors, across stages such as Seed, Series B and 2 more. Here is the list of top investments by Figma Ventures:1. Supabase
Developer of relational database management tools and backend infrastructure services. This platform provides a managed database environment based on relational technology, incorporating authentication, storage, and real-time data synchronization capabilities. It offers serverless functions for executing custom code and tools for managing vector embeddings to support machine learning integration. The infrastructure includes features for row-level security, database schema management, and application programming interfaces to facilitate data access and manipulation. Developers utilize these tools to build and deploy applications without managing underlying server hardware or complex backend configurations.
Key facts about Supabase
- Founded Year: 2020
- Location: Singapore (Singapore)
- Annual Revenue: $10M - $50M as on Dec 31, 2024
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $1.04B
- Employee Count: 388 as on Jun 30, 2026
- Investors: GIC, Georgian and 27 Others
- Latest Funding Round: Series F, Jun 04, 2026, $*****
- Highlight: Editors' Pick
Frontier AI lab building visual infrastructure for tomorrow's creative reality. The company is a leading research lab focused on generative AI, specifically building the visual infrastructure for the future. They develop models that empower users to transform imagination into reality with precision, speed, and creative control. Their core offerings include generative flow matching models for image generation and editing, accessible through an API, open weights, and a playground environment. They cater to a wide range of users, from individual artists to enterprise applications, offering solutions for image generation, customization, and deployment. The company provides tools for prompt engineering, in-context image generation, and editing, enabling users to combine text and images for coherent results. They offer various access methods, including API integration, open-source model downloads, and a no-code playground for experimentation. The company's models are designed for scalability and ease of use, suitable for production workloads. They also provide licensing options for enterprise-scale customization and deployment. The company is committed to responsible AI development.
Key facts about Black Forest Labs
- Founded Year: 2024
- Location: Wilmington (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $450M
- Employee Count: 115 as on Jun 30, 2026
- Investors: VenCap International, Creandum and 37 Others
- Latest Funding Round: Series B, Nov 21, 2025, $*****
- Highlight: Editors' Pick

3. Graphite
Provider of open-source code review and CLI tools for engineers. Its offering includes code development practice tools, CLI tools, and code review tools. Its features include auto-land stacks, filters, notifications, and commands. It enables users to integrate with GitHub.
Key facts about Graphite
- Founded Year: 2020
- Location: New York City (United States)
- Stage: Series B
- Total Funding till date: $72M
- Employee Count: 76 as on Jun 30, 2026
- Investors: Accel, Shopify and 8 Others
- Latest Funding Round: Series B, Mar 18, 2025, $*****
- Highlight: Editors' Pick

4. withpoly
Visual content creation platform. It provides an AI editor that allows users to create textures, graphics, icons, sprites, and more. It enables users to describe the texture and search and generate textures. It offers plugins for design tools such as Figma and Canva.
Key facts about withpoly
- Founded Year: 2022
- Location: Santa Monica (United States)
- Stage: Seed
- Total Funding till date: $4M
- Employee Count: 18 as on Jun 30, 2026
- Investors: NextView Ventures, Felicis Ventures and 4 Others
- Latest Funding Round: Seed, Sep 2022, $*****

5. Raindrop
Provider of monitoring and debugging platform for AI agent behavior. The platform detects issues, traces conversations and tool calls to identify root causes, and provides alerts. It offers tools to detect, search, track, and define agent behavior, enabling users to identify patterns, segment performance, and track specific behaviors using natural language. The platform integrates with existing systems and offers features such as issue detection, search, user tracking, and security updates.
Key facts about Raindrop
- Founded Year: 2020
- Location: San Francisco (United States)
- Stage: Seed
- Total Funding till date: $15M
- Investors: Lightspeed Venture Partners, Y Combinator and 9 Others
- Latest Funding Round: Seed, Dec 01, 2025, $*****
Figma Ventures' Year-on-Year Investment Trends
Figma Ventures has invested in 7 companies over the last 4 years, with an average of 2 new investments annually in the last 3 years. In 2025, it made 5 investments. Its most recent first time investment was in Raindrop.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 5 | 0 | 5 |
2024 | 1 | 0 | 1 |
2023 | 0 | 0 | 0 |
2022 | 1 | 0 | 1 |
Figma Ventures' Investments by Stage
Figma Ventures has made 3 investments in Seed stage with an average round size of $9M, 2 investments in Series B stage with an average round size of $180M, 1 investment in Series A stage with an average round size of $8.9M and 1 investment in Series E stage with an average round size of $143M.Stage of entry | No. of Investments |
|---|---|
Seed | 3 |
Series B | 2 |
Series A | 1 |
Series E | 1 |
Note: We have considered here, only first round of investments
Figma Ventures' Investments by Sector
Figma Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Enterprise Infrastructure, Consumer, High Tech and Media & Entertainment. Notably, it has invested in 7 Enterprise (B2B) companies, 7 Tech companies, 6 Software companies and at least 4 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 6 |
Enterprise Infrastructure | 3 |
Consumer | 2 |
High Tech | 2 |
Media & Entertainment | 2 |
Note: We have considered here, only first round of investments
Figma Ventures' Investments by Geography
Figma Ventures has made most investments in United States (7), followed by Singapore where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 7 |
Singapore | 1 |
Note: We have considered here, only first round of investments
Figma Ventures' recent investments
Figma Ventures has not made any investment in 2026 so far.Here are the most recent investments by Figma Ventures:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Dec 01, 2025 | United States | Seed | 3591 | ||
Nov 21, 2025 | United States | Series B | 6276 | [+32] | |
Nov 19, 2025 | United States | Seed | 8102 | [+5] | |
Oct 02, 2025 | Singapore | Series E | 7517 | [+6] | |
Mar 18, 2025 | United States | Series B | 9208 | [+4] |
Unicorns in Figma Ventures' Portfolio
Figma Ventures has 2 unicorns in its portfolio - Black Forest Labs and Supabase. The most recent unicorn in their portfolio is Black Forest Labs. It became a unicorn in 2025.Here is a list of unicorns in Figma Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
58 | Frontier AI lab building visual infrastructure for tomorrow's creative reality | 2024 | Wilmington | Series B | qbneu{m | ||
67 | Developer of relational database management tools and backend infrastructure services | 2020 | Singapore | Series F | tqufjfy |
Co-investors of Figma Ventures
Over the past 4 years, 93 investors have co-invested in Figma Ventures's portfolio companies. This includes funds and angels.
- Invested before Figma Ventures: Andreessen Horowitz, Felicis Ventures and 27 others have invested in rounds before Figma Ventures. There are 2 companies where Andreessen Horowitz has invested before Figma Ventures and 1 company where Felicis Ventures has invested before Figma Ventures.
- Top Co-investors of Figma Ventures: 60 investors entered a company along with Figma Ventures. These include investors like Guillermo Rauch (2 companies).
- Invested after Figma Ventures: A total of 4 investors have invested in Figma Ventures's portfolio after their investments. Top Investors include GIC (1 company), Stripe (1 company) and Salesforce Ventures (1 company).
Recent News related to Figma Ventures
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AI code assist startup Graphite raises $52M to try and keep ahead of the competitionSiliconAngle•Mar 19, 2025•Accel Entertainment, Menlo Ventures, Anthropic, Shopify and 8 others
