About Abstract
Abstract is a Technology company based in San Francisco (United States) founded in 2015 by Kevin Smith and Josh Brewer, and was acquired by Adobe in February 2022. Designer collaboration and feedback tools are provided by Abstract. Abstract has raised $76.13 million across 4 funding rounds from investors including Adobe, Lightspeed Venture Partners and Scale Venture Partners. The company has 2 employees. Abstract has completed 1 acquisition, including Flawless App. Its chief executive, as recorded, is Josh Brewer. Its website abstract.com draws about 26 thousand monthly visits. Abstract offers products and services including Abstract Platform. Its focus areas include Enterprise Infrastructure, Software Modelling Tools, Designer Productivity Tools and Collaboration. Its competitors include Zeplin, Flotype and Multiplayer; 3 of its 3 listed competitors have raised funding.
Company details
Abstract was founded in 2015 and is headquartered in San Francisco, United States. Tools for designer collaboration, version control, and developer handoff are offered within the software sector. Operations focus on streamlining design workflows through features like onboarding support, design system distribution, and management processes. Clients such as Microsoft, DocuSign, Pandora, Zendesk, Wix, Wayfair, and Yelp are served by the platform.
- Headquarters San Francisco, United States
- Employees 2
- Founders Kevin Smith, Josh Brewer
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website abstract.com
- Social LinkedIn X Facebook
- Acquired by Adobe (Feb 2022)
Products & Services of Abstract
Abstract offers a comprehensive portfolio of products and services, including Abstract Platform.
Tool for version controlling and merging Sketch design files.
Funding Insights of Abstract
Abstract has successfully raised a total of $76.13M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $128 thousand completed in February 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $76.13M
- Total Rounds 4
- Last Round Series C — $128,000
- First Round $16M
(May 2018)
- Investors Count 4
All 4 funding rounds of Abstract with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2024 | $128,000 | Series C | – | – | – |
| Mar 2019 | $30M | Series C | – | Lightspeed Venture Partners | |
| Mar 2019 | $30M | Series C | – | – | |
| May 2018 | $16M | Series B | – | Scale Venture Partners |
5 investors in total: 5 institutional.
Investors in Abstract
Abstract has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Adobe, Lightspeed Venture Partners and Scale Venture Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners. | 1997 | lsvp.com | Menlo Park, United States | |
Early-stage venture capital investments are focused on US companies. | scalevp.com | Foster City, United States | ||
Technical founders are supported through early-stage venture capital investments. | amplifypartners.com | Menlo Park, United States | ||
US focused Seed and early-stage stage VC firm | cowboy.vc | Palo Alto, United States | ||
AI-powered platform manages marketing creatives and customer journeys. | 1982 | adobe.com | San Jose, United States |
Investor details for Abstract
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People of Abstract
4 people are tracked at Abstract (3 in leadership, 1 in team); the tracked headcount is 2.
| Name | Role | Group |
|---|---|---|
Kevin Smith | Co-Founder & CTO | Leadership |
Josh Brewer | Co-Founder & CEO | Leadership |
Joe Wadcan | VP, Business & Corporate Development | Leadership |
Jen Olson | SVP, Finance | Team |
Complete people profiles for Abstract
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Investments & Acquisitions by Abstract
Abstract has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Flawless App.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Routine tasks are automated for designers and developers' collaboration. | flawlessapp.io | Kyiv, Ukraine | 2015 | Feb 2020 | •••• |
Complete acquisition details for Abstract
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Timeline of Abstract
5 dated milestones of Abstract across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Abstract is founded.
- Funding First funding round of $16.0M.
- Acquisition Acquires Flawless App.
- Exit Acquired by Adobe.
- Funding Latest funding round, Series C, of $128K.
Competitors of Abstract
Abstract has 3 listed competitors in our database, 3 of them funded. They include Zeplin, Flotype and Multiplayer.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| zeplin.io | 2014 | San Francisco, United States | $1.32M | 70 | Collaboration is enabled between UI designers and frontend developers. | |
| flotype.com | 2010 | Berkeley, United States | $1.42M | Enterprise-grade messaging infrastructure is provided for real-time applications. | ||
| multiplayer.app | 2022 | New York, United States | $3M | AI-powered platform is utilized for collaborative software development. |
Detailed competitors of Abstract
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Web traffic of Abstract
The website of Abstract (abstract.com) receives about 26.5K visits a month.
- Monthly visits26.5K
▲ 201.2% vs previous month
Top companies in Programming & Software Development Tools
3 companies that operate in the same segment as Abstract (Programming & Software Development Tools) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Collaborative platform for design prototyping and feedback is provided. | 2012 | San Francisco, California, United States | USD 748.62 M | 2,877 | ||
AI-based platform for secure collaboration and content management is utilized. | 2005 | Redwood City, California, United States | USD 692.63 M | USD 1.18 B | 4,447 | |
Automated usability testing and feedback for mobile experiences is provided. | 2007 | San Francisco, California, United States | USD 148.5 M | USD 21.68 M | 557 |
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Related news about Abstract
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Frequently Asked Questions about Abstract
Abstract was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Abstract is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Josh Brewer is the CEO of Abstract, as recorded in our data. They have also founded this company.
Abstract is a funded company, having raised a total of $76.13M across 4 funding rounds to date. The company's 1st funding round was a Series B of $16M, raised on May 2018.
Abstract has 2 employees.
Abstract was founded in 2015 and is headquartered in San Francisco, United States. Tools for designer collaboration, version control, and developer handoff are offered within the software sector. Operations focus on streamlining design workflows through features like onboarding support, design system distribution, and management processes. Clients such as Microsoft, DocuSign, Pandora, Zendesk, Wix, Wayfair, and Yelp are served by the platform.
Abstract's top competitors include Zeplin, Flotype and Multiplayer.
Abstract offers Abstract Platform.
Abstract has made 1 acquisition, including Flawless App.
Abstract has 5 investors. Key investors include Adobe, Lightspeed Venture Partners, Scale Venture Partners, Amplify Partners, and Cowboy Ventures.
Yes. Abstract was acquired by Adobe in February 2022.