Adobe’s $20 Billion Takeover Of Figma Makes The CoFounders Billionaires | Forbes

Dylan Field and Evan Wallace started building design startup Figma to challenge Adobe’s PhotoShop. But in the end, Adobe has made them billionaires after announcing it would acquire Figma for $20 billion in a cash and shares deal.

The deal doubles the valuation that the San Francisco-based startup landed in June 2021, when it raised $200 million from investors including Durable Capital and Morgan Stanley. Forbes estimates that Field and Wallace each hold a 10% stake in the company that would now be valued at $2 billion.

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