About Abstract
Abstract is a company based in San Francisco (United States) founded in 2015 by Kevin Smith and Josh Brewer was acquired by Adobe in February 2022.. 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 as of December 31, 2024. Abstract has completed 1 acquisition, including Flawless App. Abstract offers products and services including Abstract Platform. Abstract operates in a competitive market with competitors including Zeplin, Flotype, Multiplayer, Avocode and Onlook, among others.
- Headquarter San Francisco, United States
- Employees 2 as on 31 Dec, 2024
- Founders Kevin Smith, Josh Brewer
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Sectors
Technology
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Email
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Phone
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Website
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Social
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Products & Services of Abstract
Abstract offers a comprehensive portfolio of products and services, including Abstract Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Tool for version controlling and merging Sketch design files.
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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 Total Funding
- Total Rounds 4
- Last Round Series C — $128,000
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First Round
First Round
(24 May 2018)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2024 | Amount | Series C - Abstract | Valuation |
investors |
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| Mar, 2019 | Amount | Series C - Abstract | Valuation | Lightspeed Venture Partners | |
| Mar, 2019 | Amount | Series C - Abstract | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location | |
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Early-stage venture capital investments are focused on US companies.
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Founded Year | Domain | Location | |
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Technical founders are supported through early-stage venture capital investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Abstract
Abstract has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Flawless App. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Routine tasks are automated for designers and developers' collaboration.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Abstract
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Abstract Comparisons
Competitors of Abstract
Abstract operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Zeplin, Flotype, Multiplayer, Avocode and Onlook, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Collaboration is enabled between UI designers and frontend developers.
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| domain | founded_year | HQ Location |
Enterprise-grade messaging infrastructure is provided for real-time applications.
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| domain | founded_year | HQ Location |
AI-powered platform is utilized for collaborative software development.
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| domain | founded_year | HQ Location |
Designs and assets are shared collaboratively by designers and developers.
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| domain | founded_year | HQ Location |
Cloud-based platform enables design collaboration for developers and designers.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Abstract
Frequently Asked Questions about Abstract
When was Abstract founded?
Abstract was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is Abstract located?
Abstract is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Abstract?
Josh Brewer is the current CEO of Abstract. They have also founded this company.
Is Abstract a funded 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 C of $30M, raised on May 24, 2018.
How many employees does Abstract have?
As of Dec 31, 2024, the latest employee count at Abstract is 2.
What does Abstract do?
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.
Who are the top competitors of Abstract?
What products or services does Abstract offer?
Abstract offers Abstract Platform.
How many acquisitions has Abstract made?
Abstract has made 1 acquisition, including Flawless App.
Who are Abstract's investors?
Abstract has 5 investors. Key investors include Adobe, Lightspeed Venture Partners, Scale Venture Partners, Amplify Partners, and Cowboy Ventures.
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