Payload
AcquiredYC S22Grand 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
Founders & leadershipΒ· Y Combinator alumni (S22)
Payload was founded in 2018 by James Mikrut, Elliot DeNolf, Dan Ribbens, and Ryan Rybolt.
Board
Investors Β· 14
Also in the syndicate Β· 1
Reported raises Β· per SEC filings
Form D private placements$10.6M disclosed across 2 of 3 rounds Β· 2022β2026
βΆ$9.1MraisedJul 2026 Β· 18 investors Β· Other TechnologyRule 506(b)
- 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
βΆ$1.5MraisedApr 2022 Β· 8 investors Β· Other TechnologyRule 506(b)
- 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
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026Payload 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.
βΈFull 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 reportedCompany-reported or press-reported figures, each dated to when it was claimed β not independently audited.
Competitors Β· 8
by search overlapCompanies competing with Payload for the same Google search keywords, organic and paid, via search-intersection analysis.
Timeline Β· 8
launches, deals, and filingsJames 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.
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.
$4.7M source β
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.
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 structureIn the news
βΈResearch sources Β· 8
primary sources listed
- Payloadpayloadcms.com Β· web
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.





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