American design software company Figma is opening a research and development (R&D) center in Israel after buying the Israeli startup Weavy. Weavy was founded just a year ago and has raised only $4 million so far.
The main investor in Weavy’s funding round was Entrée Capital, a venture capital firm led by Avi Eyal, along with Designer Fund and Founder Collective.
The company has around 20 employees, and while the financial details haven’t been shared, experts in the industry estimate that the acquisition value is over $200 million.
Weavy’s technology will help Figma improve its AI features. The startup has created a platform that combines video model access with advanced video editing tools, which it already sells to customers. Figma said this is its largest acquisition to date.
Weavy was founded by a team of former Fiverr employees. Micha Kaufman, the founder and CEO of Fiverr, is also an investor in the company. The startup is led by CEO Lior Albeck, along with co-founders Jonathan Alumot (CTO), Jonathan Gur-Zeev (Chief Product Officer), and Itay Schiff (Chief Creative Officer).
According to Lior Albeck, Figma will keep the Weavy brand and continue to sell its products separately. Over time, Figma plans to add Weavy’s technology to its main platform.
The company also plans to grow its Tel Aviv team after the acquisition. Albeck will now report directly to Dylan Field, Figma’s co-founder and CEO, who was personally involved in making the deal happen.
Entrée Capital, which led Weavy’s seed funding round, owns 20% of the company.
Weavy started selling its product only four months ago and has already generated several million dollars in revenue, according to Avi Eyal, founding partner at Entrée Capital.
“At Entrée Capital, we believe in partnering with exceptional founders, those determined to do what seems impossible,” said Eyal. “In a complex year globally and regionally, the team in Tel Aviv built a world-class product and attracted one of the most respected technology companies in the world. We are very proud of Weavy and congratulate Figma for recognizing and continuing to invest in Israeli innovation.”
In July 2025, Figma became a public company on Wall Street. It is now valued at around $24 billion, after reaching almost $60 billion soon after its IPO.
Founded in 2012, Figma has grown into one of the most popular design platforms in the world, known for its easy-to-use interface and AI-powered tools.
He rejected the notion that the deal was merely an acqui-hire, emphasizing that Weavy, founded in 2024, already had paying customers and real revenue.
“Weavy was built on the idea that the new skills needed in the creative world of AI are systems-building,” Albeck added. “Now, as part of Figma, we can bring this philosophy to millions of creators and teams around the world. Together, we’ll enable users to build creative workflows directly within Figma.”
“Weavy lets you pair AI with your own professional craft to build incredible visual content,” said Dylan Field, CEO and Co-founder of Figma. “This is a bet that AI “slop” is not the final destination, but a starting point—a new medium to play with and shape. We’re combining our shared vision, maker culture and momentum to shape what’s next for design and creative tools. I can’t wait to build together.”
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