Figma doubles London presence months after Adobe takeover collapse

Figma office London Image credit: Figma

US software company Figma has moved to a new London headquarters that doubles its presence in the UK capital just months after a takeover by rival Adobe fell through.

Figma has relocated its European headquarters from an office in Soho to a workplace in Devonshire Square, a five-acre mixed-use workplace near Liverpool Street.

It marks a doubling of the design software company’s London headcount and office size. San Francisco-headquartered Figma said it now has 130 employees at its London office.

The Devonshire Square workspace – Figma’s largest hub outside the US – is approximately 15,000 sq ft.

Siobhan O’Reilly, regional manager EMEA at Figma, said the new office will provide access to “the prestige and professionalism of the City” and the “creative energy of East London”.

Figma’s move is a boost for the City after the pandemic shift to remote working saw many offices running at reduced capacities.

Andy Booth, director of offices at Devonshire Square, said: “This deal with Figma is indicative of the City’s evolving profile amongst a broader mix of businesses.”

It comes months after Adobe abandoned a $20bn deal to acquire Figma after facing extensive regulatory pushback in the UK and EU.

The Competition and Markets Authority cited concerns that Figma and Adobe’s dominance in the product design market meant a merger would be harmful to competition and consumer service.

Figma received a $1bn termination fee from Adobe. An Adobe executive said at the time that regulators should make such decisions more quickly so they do not stifle innovation.