Fundraising Fox

Payload

AcquiredYC S22

Grand Rapids, US Β· Founded 2018 Β· Delaware corporation Β· 3 employees Β· 14 known investors

Payload is an open-source Next.js backend platform serving developers and marketers who need flexibility beyond traditional content management systems. The platform provides infrastructure for building custom content and data management solutions without vendor lock-in.

Also known as Payload CMS Β· payloadcms

Cloud ComputingDeveloper ToolsEnterprise SoftwareSaaSOpen SourceAPIUnited States of AmericaAmerica / CanadaPartly Remote

Founders & leadershipΒ· Y Combinator alumni (S22)

Payload was founded in 2018 by James Mikrut, Elliot DeNolf, Dan Ribbens, and Ryan Rybolt.

JMJames Mikrut
James Mikrutin𝕏Founder & CEOJames Mikrut founded Payload CMS and previously started a digital design agency called TRBL. He has over a decade of full-stack engineering experience and background in user experience design.
EDElliot DeNolf
Elliot DeNolfin𝕏Founder & CTO2022–2025Elliot DeNolf is the founder and CTO of Payload CMS, with prior experience in designing and developing large-scale distributed backend services with expertise in high-availability systems, containerization, and deployment pipelines.
DRDan Ribbens
Dan Ribbensin𝕏Co-FounderDan Ribbens founded Payload CMS and serves as its COO. He holds a Master's degree in Computer Science from Grand Valley State University and has worked as a senior developer, team lead, and architect across multiple software teams, with prior experience as a freelance consultant.
RR
Ryan RyboltCo-founder
IH
Ian HalpernNamed on SEC filing

Board

PF
Patricia FeltsBoard director

Investors Β· 14

Also in the syndicate Β· 1

MongoDB Ventures

Reported raises Β· per SEC filings

Form D private placements

$10.6M disclosed across 2 of 3 rounds Β· 2022–2026

β–Ά$9.1MraisedJul 2026 Β· 18 investors Β· Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Ryan RyboltExecutive Officer, Director
  • Ian HalpernExecutive Officer, Director
  • Patricia FeltsDirector
Offering amount
$9.1M
Amount sold
$9.1M
Minimum investment
$50K
First sale
Jun 2026
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR β†—
β–Ά$1.5MraisedApr 2022 Β· 8 investors Β· Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Ryan RyboltExecutive Officer, Director
  • Ian HalpernExecutive Officer, Director
Offering amount
$1.5M
Amount sold
$1.5M
Minimum investment
$50K
First sale
Mar 2022
Incorporated
Limited Liability Company, Ohio, 2018
Federal exemptions
06b
Full filing on SEC EDGAR β†—

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Payload is an open-source, TypeScript-based backend framework that installs directly into a Next.js application's /app folder. Developers define a Payload config in code and the system generates an admin panel, a database layer with migrations and transactions, REST and GraphQL APIs (plus direct Node.js database access), authentication, granular access control at document, field and operation level, and file storage with image resizing and access control. Supported databases include MongoDB, Postgres and SQLite; the project is MIT licensed and requires Node.js 20.9.0 or later.

The product is positioned both as a headless CMS and as an application framework, with marketed use cases spanning headless CMS, headless eCommerce, enterprise app building and digital asset management. Feature areas highlighted by the company include Next.js-native architecture, visual editing, RAG and vector embedding of content, versions and drafts, localization, a block-based layout builder, a Lexical rich-text editor, conditional field logic, document and field-level hooks, and React Server Component support for extending the admin UI. Payload is distributed via create-payload-app, official and community templates (website, ecommerce, blog, portfolio), a plugin ecosystem, and one-click deployments to Vercel (with Neon database and Vercel Blob storage) and Cloudflare (Workers, R2 and D1).

Payload was acquired by Figma, announced on June 17, 2025. The company states Payload remains open source and self-hostable and that Figma continues investing in the platform, though it has not disclosed specifics about product direction post-acquisition.

Founding story

The company traces to 2018, when Grand Rapids web developer James Mikrut proposed building a website for The 100, an annual 100-second-video pitch competition run by Start Garden, a Michigan Economic Development Corporation-funded incubator, using a new headless CMS built on Node and React. Start Garden's director suggested he instead pitch in the competition; Mikrut entered and won, then moved into Start Garden and developed the codebase with co-founders Elliot DeNolf and Dan Ribbens. The three described themselves as full-stack engineers who had built digital projects on existing CMS platforms for over a decade, including enterprise websites for clients such as Klarna, and built Payload because the tool they wanted did not exist. Low-cost coworking space at Start Garden let them fund product development with client web development work over roughly three to four years.

Business model

Open-core: the core framework is free, MIT-licensed and self-hostable, with monetization through an enterprise tier offering dedicated support, hosting, and advanced features. At the time of its 2022 seed round the company also planned a managed service, Payload Cloud, as its monetization strategy and deployment hub.

Free self-hosted open-source edition alongside a paid enterprise offering that includes dedicated engineering support, hosting with Payload or self-hosting, SSO, visual editing, unlimited custom domains, white-labeled email service, and roadmap influence.

Traction

The public GitHub repository shows roughly 44,300 stars, 4,100 forks and 15,808 commits. The company published case studies with Blue Origin, Microsoft, Hello Bello, Tekton and Paper Triangles, and Figma's CTO stated Payload was already used by several Fortune 100 companies. Headcount reached 10 full-time employees by October 2023.

Latest developments

Acquisition by Figma announced June 17, 2025, with terms undisclosed. The company subsequently reiterated that Payload stays open source and self-hostable and that Figma will continue investing in the platform, while declining to detail joint roadmap plans.

β–ΈFull profile β€” market position, technology, go-to-market, geography, history, risks & controversies

Market position

Positioned as a developer-first alternative to closed, SaaS-based content platforms and to legacy CMS platforms such as WordPress and Drupal. Management stated it does not compete with no-code website builders like Webflow or Squarespace, instead targeting engineers building content infrastructure. It describes itself as the first Next.js-native CMS installable directly in an existing /app folder.

Code-first schema definition in TypeScript rather than a hosted no-code interface; combined app framework and CMS; no vendor lock-in with full self-hosting and database ownership; MIT-licensed open source; deployable serverlessly; fully extensible admin panel and backend, including querying the database from React Server Components.

Technology

TypeScript codebase built around a Payload Config that generates an admin panel, migrations-backed database layer, REST/GraphQL/Node.js APIs, authentication, access control and file storage. Runs on Node.js 20.9.0+, supports MongoDB, Postgres and SQLite, uses React and Next.js (with server components) for the admin UI, includes the Lexical rich text editor, HTTP-only cookies and CSRF protection for security, and automatic RAG/vector embedding of content. The GitHub repository lists topics including cms, express, graphql, headless-cms, jamstack, mongodb, nextjs and nodejs.

Go-to-market

Open-source, developer-led distribution via the GitHub repository, npx/pnpx create-payload-app scaffolding, documentation, templates and examples directories, plugins, blog and YouTube content, and community support through GitHub Discussions and Discord; an enterprise sales motion runs alongside via demo scheduling and 'Talk to Sales'. One-click deployment partnerships with Vercel and Cloudflare serve as additional acquisition channels. Following the 2022 seed round the company said it would expand the team and invest in its open source community.

Developers and engineering teams building content and application backends, plus the marketing and content teams who edit within them. The company cites users ranging from indie developers and freelancers to Fortune 500 and, per Figma's CTO, several Fortune 100 companies; named case-study organizations include Blue Origin, Microsoft, Hello Bello, Tekton and Paper Triangles.

Geography

Headquartered in Grand Rapids, Michigan, where the founders purchased a building in the west side of the city and expanded with state and regional economic development support; the software is distributed globally as open source and deployable on any Node.js-capable host.

History

Following the 2018 competition win and incubation at Start Garden, the founders shipped Payload's first public beta in January 2021 and bootstrapped the company. In May 2022 they made Payload free and open source, joined Y Combinator's summer 2022 batch, released version 1.0, and in November 2022 announced a $4.7 million seed round led by Gradient Ventures. The team chose to stay in Michigan, purchasing a building in west Grand Rapids and growing to 10 full-time employees, then in October 2023 committed to expanding in Grand Rapids with support from an MEDC Michigan Business Development Program grant in partnership with The Right Place. On June 17, 2025, Mikrut announced Payload had been acquired by Figma on undisclosed terms.

Risks & controversies

Post-acquisition uncertainty: the company says it is not ready to share specifics about product direction after joining Figma, while committing that Payload remains open source and self-hostable. As an open-core project, monetization depends on converting free self-hosted users to enterprise support and hosting.

Compiled by commissioned research from 8 cited public sources β€” announcements, filings, and press listed under research sources below.

Key figures

latest reported
Full-time employeesOct 202310 employees
GitHub commits (payloadcms/payload)Jan 202615,808 commits
GitHub forks (payloadcms/payload)Jan 20264,100 forks
GitHub stars (payloadcms/payload)Jan 202644,300 stars
HeadcountAug 202610

Company-reported or press-reported figures, each dated to when it was claimed β€” not independently audited.

Competitors Β· 8

by search overlap
Strapi219 shared keywordsStrapi is a headless content management system that enables content teams to create, update, and publish website and app content without developer assistance. The platform targets business teams and developers who need faster content delivery and customizable templates across websites, apps, and IoT projects.
Sanity186 shared keywordsSanity provides a content operations platform built on a structured content database where JSON documents and code-defined schemas power web, mobile, and AI agent applications through a single API. It offers a customizable content studio, programmable automation, content agents, and enterprise governance for teams managing content across multiple brands and channels.
Netezza158 shared keywordsIBM is a global technology company whose business spans enterprise software (including Red Hat, HashiCorp, and Confluent), IT infrastructure such as mainframes, servers, and storage, and IT consulting services. The company is also investing heavily in quantum computing and AI-based enterprise offerings, including its Lightwell open-source software security clearinghouse and the Anderon quantum wafer foundry.
Hygraph142 shared keywordsHygraph is a GraphQL-native headless CMS platform that enables teams to create, deliver, and distribute content across multiple channels. It serves development teams building digital products who need flexible, API-driven content management without the limitations of traditional CMS systems.
Vercel101 shared keywordsVercel is an infrastructure platform for building and deploying applications, with emerging support for agentic capabilities that allow AI agents and humans to collaborate in software development. The platform serves developers and agents building web applications and software.
Storyblok94 shared keywordsStoryblok develops a headless content management system (CMS) that helps developer and marketing teams build and manage digital content and experiences. Founded in 2017 and originating in Austria, it targets mid-market and enterprise businesses.
Prismic94 shared keywordsPrismic is a headless CMS and web platform that lets marketing teams and AI agents build on-brand landing pages, SEO pages, and multilingual websites using reusable, developer-approved content sections. It offers integrations with tools like ChatGPT and Claude via MCP, targeting marketers and developers managing web content at scale.
LogRocket94 shared keywordsLogRocket provides session replay, product analytics, and AI-powered issue detection for web and mobile applications. The platform helps product teams understand user behavior, identify technical and UX problems, and monitor frontend performance.

Companies competing with Payload for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline Β· 8

launches, deals, and filings
Jun 2025
Acquired by Figma

James Mikrut announced Payload had been acquired by design platform Figma; financial terms were not disclosed. Figma CTO Kris Rasmussen noted Payload was already used by several Fortune 100 companies.

source β†—

Oct 2023
Decision to expand in Grand Rapids with MEDC Business Development Program grant

After purchasing a building in west Grand Rapids and growing to 10 full-time employees, the founders opted to expand in Grand Rapids supported by a Michigan Business Development Program grant, in partnership with MEDC and The Right Place.

source β†—

Nov 2022
$4.7M seed round led by Gradient Ventures

$4.7M source β†—

May 2022
Payload made free and open source

source β†—

Jan 2022
Accepted into Y Combinator summer 2022 batch

source β†—

Jan 2022
Version 1.0 released and first 'launch week' held

The team launched version 1.0 earlier in 2022 and was running its first launch week at the time of the November 2022 seed announcement.

source β†—

Jan 2021
First public beta release of Payload CMS

source β†—

Jan 2018
Wins Start Garden's The 100 pitch competition in Grand Rapids

James Mikrut entered The 100, an annual pitch competition run by MEDC-funded incubator Start Garden, and won; finalists received $1,000 each and winning presenters received $20,000. Mikrut then moved into Start Garden and continued developing the codebase with co-founders Elliot DeNolf and Dan Ribbens.

$20K source β†—

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities Β· 1

corporate structure
PayloadDelaware

In the news

β–ΈResearch sources Β· 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Payload do?
Payload is an open-source, Next.js-native headless CMS and fullstack app framework, acquired by Figma in June 2025.
Who founded Payload?
Payload was founded by James Mikrut, Elliot DeNolf, Dan Ribbens, Ryan Rybolt in 2018.
Who are Payload's investors?
Payload's investors include Gradient Ventures, Grand Ventures, Y Combinator, Baillie Gifford, BlackRock, Caruso Ventures, Coatue Management, In-Q-Tel and 5 more.
How much funding has Payload raised?
Payload has disclosed $10.6M raised across 2 of its 3 known rounds.
Where is Payload headquartered?
Payload is headquartered in Grand Rapids, US.