SCHEDULE: Index Ventures Reports 14.1% Beneficial Ownership in Figma

Index Ventures and its affiliated entities have disclosed a significant beneficial ownership stake of up to 14.1% in Figma, Inc.'s Class A common stock.

Summary

• Index Ventures VI (Jersey) LP beneficially owns 55,810,810 shares of Figma's Class A common stock, representing approximately 13.6% of the class.
• Index Ventures VI Parallel Entrepreneur Fund (Jersey), L.P. beneficially owns 1,126,535 shares, representing approximately 0.3% of the Class A common stock.
• Index Venture Associates VI Ltd, the general partner of the Index VI Funds, is deemed to beneficially own an aggregate of 57,658,069 shares, which constitutes approximately 14.1% of the Class A common stock. This includes shares held directly by the Index VI Funds and a portion of shares held by Yucca (Jersey) SLP.
• Index Ventures Growth IV (Jersey), L.P. beneficially owns 2,521,618 shares, representing approximately 0.6% of the Class A common stock.
• Index Venture Growth Associates IV Ltd, the general partner of Index Growth IV, is deemed to beneficially own an aggregate of 2,565,225 shares, representing approximately 0.6% of the Class A common stock. This includes shares held directly by Index Growth IV and a portion of shares held by Yucca (Jersey) SLP.
• Index Ventures Growth V (Jersey), L.P. beneficially owns 2,278,486 shares, representing approximately 0.6% of the Class A common stock.
• Index Venture Growth Associates V Ltd, the general partner of Index Growth V, is deemed to beneficially own an aggregate of 2,348,955 shares, representing approximately 0.6% of the Class A common stock. This includes shares held directly by Index Growth V and a portion of shares held by Yucca (Jersey) SLP.
• Yucca (Jersey) SLP directly owns 834,800 shares, representing approximately 0.2% of the Class A common stock. Yucca is a co-investment vehicle contractually required to mirror the relevant Index Venture Funds' investment in Figma.
• The reported percentages are based on 410,091,963 shares of Class A common stock outstanding as of August 29, 2025, as reported in Figma's Quarterly Report on Form 10-Q filed on September 3, 2025.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of beneficial ownership, providing factual information without inherent positive or negative sentiment regarding company performance or future prospects.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of significant institutional ownership by a venture capital firm, Index Ventures, in Figma, Inc. It reflects the ongoing investment position of a major early-stage investor in a publicly traded technology company, which is a common occurrence following an IPO.

Related Party Transactions

• The filing details the beneficial ownership structure where general partners (Index Venture Associates VI Ltd, Index Venture Growth Associates IV Ltd, Index Venture Growth Associates V Ltd) are deemed to own shares held by their respective funds and portions of Yucca (Jersey) SLP.
• Yucca (Jersey) SLP operates as a co-investment vehicle contractually required to mirror the relevant Index Venture Funds' investments in Figma, indicating an structured related party investment arrangement.

Stakeholder Impact

• Shareholders: Provides transparency regarding a major institutional investor's continued significant stake, which can influence market sentiment and perceived stability.
• Management: Index Ventures, as a significant shareholder, likely maintains influence over strategic decisions and corporate governance, although specific details like board representation are not disclosed in this filing.

Key Dates

Keywords

Figma, Index Ventures, Beneficial Ownership, Class A Common Stock, SEC Filing, Institutional Investor, Venture Capital, Equity Stake