SCHEDULE: Index Ventures Discloses Major Stake in Figma

Index Ventures entities have collectively reported beneficial ownership of 12.3% of Figma's Class A common stock, signaling substantial institutional confidence.

Summary

• This filing is an amendment to a Schedule 13G, indicating a change in the beneficial ownership of Figma, Inc. (Figma) Class A common stock.
• Several Index Ventures entities, including Index Ventures VI (Jersey) LP, Index Ventures VI Parallel Entrepreneur Fund (Jersey), L.P., Index Venture Associates VI Ltd, Index Ventures Growth IV (Jersey), L.P., Index Venture Growth Associates IV Ltd, Index Ventures Growth V (Jersey), L.P., Index Venture Growth Associates V Ltd, and Yucca (Jersey) SLP, are reporting their ownership.
• The total aggregate amount beneficially owned by these entities is 54,808,069 shares of Class A common stock.
• This represents approximately 12.3% of the outstanding Class A common stock of Figma.
• The filing states that the percentage of class is based on 445,682,595 shares of Class A Common Stock outstanding as of May 11, 2026.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this filing as moderately positive, indicating significant but stable institutional ownership without immediate signs of aggressive selling or buying pressure.

Positives

• Significant institutional ownership by Index Ventures entities (12.3%) suggests strong long-term conviction in Figma's business prospects.
• The reporting entities collectively hold substantial voting and dispositive power over the shares, indicating stable control.
• The filing is an amendment to a Schedule 13G, which typically signifies a passive investment rather than an activist stake, implying no immediate disruptive intentions.

Negatives

• The filing does not provide specific details on the reasons for the ownership stake or any recent transactions, limiting insight into immediate market impact.
• The ownership is spread across multiple entities, which could imply a complex management structure for these holdings.

Risks

• While this is a Schedule 13G filing (passive ownership), any future shift to a Schedule 13D would indicate a more active or potentially activist stance, which could introduce uncertainty.
• The concentration of ownership among a few large institutional holders could influence future corporate actions or strategic decisions.

Future Outlook

This filing is primarily a disclosure of existing ownership and does not contain forward-looking statements or specific guidance from Figma management regarding future performance.

Industry Context

StockSavvy.ai notes that significant stakes held by prominent venture capital firms like Index Ventures in technology companies like Figma are common, reflecting ongoing investment in the software and collaboration tools sector. This filing confirms Index Ventures' continued substantial interest in Figma.

Stakeholder Impact

• Shareholders: The substantial ownership by Index Ventures may provide a degree of stability and signal confidence, potentially influencing investor sentiment.
• Management: The presence of a large institutional investor like Index Ventures can influence board composition and strategic direction.
• Potential Acquirers: A significant stake held by a major VC firm could be a factor in any future acquisition discussions.

Next Steps

• Monitor future filings for any changes in Index Ventures' ownership stake.
• Observe Figma's strategic decisions and financial performance, which may be influenced by significant institutional holders.

Key Dates

Keywords

Figma, Index Ventures, Schedule 13G, Beneficial Ownership, Class A Common Stock, Institutional Investor, Venture Capital, Ownership Stake