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From top left, clockwise: Index Ventures' Danny Rimer, Sequoia Capital's Andrew Reed, Kleiner Perkins' Mamoon Hamid, and Greylock Partners' John Lilly. Photos by Bloomberg, Sequoia Capital and Kleiner Perkins

The Biggest VC Winners From Figma’s $20 Billion Sale

Photo: From top left, clockwise: Index Ventures' Danny Rimer, Sequoia Capital's Andrew Reed, Kleiner Perkins' Mamoon Hamid, and Greylock Partners' John Lilly. Photos by Bloomberg, Sequoia Capital and Kleiner Perkins

Adobe’s planned $20 billion purchase of design tool developer Figma is the third-biggest acquisition of a subscription software firm in history, and the largest deal for a private tech company at the time of the announcement.

It’s also a lucrative deal for a slew of well-known venture capital firms, including Index Ventures, Greylock Partners, Kleiner Perkins and Sequoia Capital, which led the first four funding rounds in Figma starting a decade ago. Three of those firms ended up with at least a 10% stake in Figma at the time of the sale.

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