Fundraising Fox

Penpot

24 employees on LinkedIn Β· 4 known investors

Penpot is a web-based, open-source design tool aimed at improving collaboration between designers and developers through open standards. It is developed by the company Kaleidos and is built around an open-source design community.

Also known as Kaleidos Β· Kaleidos Inc

Investors Β· 4

Also in the syndicate Β· 2

CDTI InnvierteDecibellead

Funding

SEC filings, press & company announcements

$8M disclosed across 1 of 5 rounds Β· 2022–2023

Source: company announcements and press reports β€” follow each round's link for the claim.

Company profile

researched Aug 2026

Penpot is a web-based, open-source design and prototyping platform for product teams, developed by the company Kaleidos. It targets both designers and developers by expressing designs through open standards such as SVG, CSS, HTML and JSON, alongside Penpot's own open file format, so that design output is directly readable and usable in code. Core capabilities include UI design with wireframes and interactive prototypes, CSS Grid and Flex Layout for responsive interfaces, vector editing, an infinite canvas, reusable components and variants, shared libraries, native design tokens, an inspect mode that exposes SVG, CSS and HTML code, and real-time multi-user collaboration.

The platform is deployment-agnostic: it can be used as a hosted SaaS product or self-hosted via Docker, Kubernetes, Elestio and other options, which the company positions as giving teams ownership of their design infrastructure and supporting compliance and governance requirements without vendor lock-in. Extensibility comes through a plugin system, a public API accessible with access tokens, webhooks, and an MCP server intended to support multi-directional workflows between design, code and AI agents. The codebase is public on GitHub under the MPL v2 license and is written primarily in Clojure, JavaScript and SCSS.

Founding story

Penpot originated from Kaleidos, a company that pivoted from a consultancy business to an open-source product company in order to build Penpot. Co-founder and CEO Pablo Ruiz-Muzquiz, who has an academic background in physics and computer science, has said the idea came from the observation that designers and developers do not collaborate effectively because design and prototyping tools are not welcoming to developers. The team had prior open-source experience with the project Taiga. The first thousand users arrived roughly an hour after Penpot was featured on Product Hunt and Hacker News.

Business model

Penpot is developed by Kaleidos as an open-source product distributed under the MPL v2 license, available both as a hosted service and as self-hosted software. At the time of the February 2023 funding round, all features were free to use and the company had not introduced paid features or services; management stated an intent to eventually ship enterprise-oriented features to monetize a fraction of the value created, an approach investors encouraged deferring in favor of building the tool and plugin architecture. Third-party listings describe tiers including self-host, a premium waitlist and an enterprise offering.

As of the February 2023 funding announcement, Penpot's tools were entirely free to use with no paid features or services in place; the stated longer-term plan was enterprise-oriented features layered on the open-source core.

Traction

Penpot reported 250,000 users and 20,000 GitHub stars in February 2023, up from about 100,000 users in the weeks following the Adobe-Figma announcement, representing roughly 500% annual user growth. More than 20,000 teams were reported using the product, with users at Mozilla, Accenture, ByteDance, IBM, Google and Microsoft; a May 2023 interview cited adoption by over 10,000 companies. The GitHub repository later showed approximately 59,300 stars and 4,000 forks across more than 23,000 commits. Third-party review aggregators list ratings of 4.68/5 on AlternativeTo, 4.9/5 on G2 (28 reviews), 4.5/5 on Product Hunt (11 reviews) and 4.8/5 from TechRadar.

Latest developments

Recent product direction centers on AI workflows that integrate agents, LLMs and AI tooling into the platform across code-to-design, design-to-code and design-to-design workflows, supported by an MCP server for multi-directional design-and-code workflows. Other recent emphases include native design tokens, components and variants for design systems at scale, a plugin system and open API for automation and integrations, and continued support for self-hosted deployment.

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

Market position

Penpot positions itself as the open-source alternative in a design-tool market dominated by proprietary products, most directly Figma (acquired by Adobe) and Adobe's design suite. Its emergence was accelerated by the Adobe-Figma deal, and Runa Capital's ROSS Index identified it as one of the fastest-growing open-source projects at the time. By early 2023 it reported more than 20,000 teams using the product, including groups at Mozilla, Accenture, ByteDance, IBM, Google and Microsoft.

Penpot differentiates through open source licensing, deployment-agnostic hosting (SaaS or self-hosted), use of open web standards (SVG, CSS, HTML, JSON) and an open file format, and a code-based approach that makes designs readable by developers and by AI via an MCP server. Management frames the target audience as developers as well as designers, arguing that developers outnumber designers roughly ten to one and have been excluded by incumbent design tools. Additional differentiators cited include native design tokens as a single source of truth, CSS Grid and Flex Layout, a plugin system and open API, and a read-only mode for developers.

Technology

The platform runs in the browser and is written in Clojure, JavaScript and SCSS, with a repository organized into backend, frontend, common, exporter, plugins, render-wasm, MCP and media-processor components. It relies on open standards including SVG, CSS, HTML and JSON, plus Penpot's own open file format. Features include real-time collaboration, CSS Grid and Flex Layout, native design tokens, components and variants, an inspect mode producing code, webhooks and a token-authenticated API, a plugin system, and an MCP server for design-code-AI workflows. Self-hosting is supported via Docker, Kubernetes and Elestio; documented minimum self-host requirements are 1-2 CPUs and 4 GB of memory. A community-maintained Electron-based desktop application also exists.

Go-to-market

Distribution combines a free hosted SaaS sign-up, self-hosted installation, and open-source community growth via GitHub, a public community forum, ambassador and translator programs, and social channels. Early traction came from Product Hunt and Hacker News features, and the company points enterprises with scaling needs toward direct contact. Libraries, templates, a learning center and educational content support adoption.

Product teams that need scalable collaboration, comprising designers, developers, product managers and, more recently, AI agents. The platform also serves organizations with strict compliance, governance or data-ownership requirements that prefer self-hosting, as well as individual users and the open-source community.

Geography

The team describes itself as based in Europe with global and inclusive aspirations; Kaleidos, the parent company, is associated with Spain, and third-party listings identify the developer as Kaleidos Inc. Users and contributors span a global open-source community, with the platform localized through community translators.

History

Penpot was initially released in February 2021 and later exited beta with external QA support from QAwerk. In September 2022, following Adobe's announced acquisition of Figma, interest in Penpot surged and its user base grew rapidly, reaching about 100,000 users within a couple of weeks. Penpot announced an $8 million Series A led by Decibel in September 2022, followed by a $12 million round, again led by Decibel, in February 2023, at which point the company reported 250,000 users and 20,000 GitHub stars. The product has since expanded into design systems, design tokens, plugins, an MCP server and AI workflows.

Risks & controversies

At the time of its February 2023 raise, Penpot had no paid features or revenue, leaving open the question of whether it can monetize its user base; the CEO acknowledged that open-source monetization requires creating substantial value before capturing any of it. The company also competes against much larger, well-capitalized incumbents in Adobe and Figma, and a significant share of its early growth was attributable to external events, namely the Adobe-Figma acquisition announcement.

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

Key figures

latest reported
Companies using the productMay 202310,000 companies
GitHub forksJan 20264,000 forks
GitHub starsJan 202659,300 stars
Registered usersFeb 2023250,000 users
Teams using the productFeb 202320,000 teams

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

Competitors Β· 10

by search overlap
Figma601 shared keywordsFigma is a collaborative design platform that enables teams to create apps, websites, and products through shared design tools integrated with development workflows and AI-powered design assistance.
Firefox,382 shared keywordsMozilla is a global community organization that develops and maintains open-source internet infrastructure, including the Firefox web browser and Thunderbird email client, while advocating for internet openness, privacy, and user control. The organization also invests in responsible technology startups and creates open-source AI tools for developers.
Canva361 shared keywordsDesign platform; Blackbird invested when it was just an idea and in every round since.
Webflow358 shared keywordsWebflow is a visual content management system and web design platform that enables creative teams to build, design, and publish brand-forward websites without heavy reliance on developers. The platform serves creative agencies, marketing teams, and enterprises seeking to maintain brand consistency while executing complex web experiences at scale.
Justinmind348 shared keywordsJustinmind builds a prototyping and design tool used to design, validate, and test websites and product interfaces. It serves customers across 180+ countries with a distributed team in Europe and the Americas.
Miro288 shared keywordsMiro offers AI Workflows, a feature of its visual collaboration canvas that combines AI agents, automated workflows, and integrations to help teams move from brainstorms and research to product briefs, prototypes, requirements, and documentation. It targets product, strategy, and consulting teams looking to speed up planning, discovery, and validation processes.
Wix285 shared keywordsWix is a website builder and domain registrar that enables users to create professional websites and online presence. The platform serves businesses, creators, agencies, and enterprises with design tools, business management features, and AI-powered capabilities.
Mockplus259 shared keywordsMockplus is a design and prototyping tool that enables teams to create, share, and collaborate on interactive prototypes with support for imports from Figma and Axure.
Uizard257 shared keywordsUizard is an AI-powered UI design and prototyping tool that lets users create mockups, wireframes, and interactive prototypes for mobile apps, websites, and web apps. It serves product managers, designers, marketers, startup founders, consultants, developers, and enterprises.
Visily235 shared keywordsVisily is an AI-powered wireframing and design tool that helps non-designers quickly create product mockups and communicate design ideas to stakeholders. The platform uses AI to generate wireframes from text prompts, screenshots, and templates, with drag-and-drop editing and collaboration features for teams.

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

Timeline Β· 5

launches, deals, and filings
Jan 2026
Penpot AI workflows

Penpot promotes AI workflows that integrate agents, LLMs and AI tooling into the platform across code-to-design, design-to-code and design-to-design workflows, supported by an MCP server enabling multi-directional design-and-code workflows.

source β†—

Feb 2023
Penpot raises $12M led by Decibel

Penpot announced $12 million in equity funding led by Decibel, the VC firm affiliated with Cisco, with participation from existing backers including Athos and a number of angel investors. CEO Pablo Ruiz-Muzquiz described the round as a "Series A+" and said parent company Kaleidos doubled its valuation, and could have raised up to $20 million.

$12M source β†—

Feb 2023
Flex Layout and other tools exit beta

Alongside its funding announcement, Penpot moved several features out of beta, including a Flex Layout suite for building responsive CSS layouts, a browser-memory feature raising collaborative project memory caches to 16 GB, improved code inspection, and easier addition of occasional project contributors.

source β†—

Sep 2022
$8M Series A announced

Penpot announced an $8 million Series A led by Decibel.

$8M source β†—

Feb 2021
Initial release

Penpot's initial release, following an exit from beta after external QA support.

source β†—

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

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 Penpot do?
Penpot is an open-source, web-based design and prototyping platform built for designer-developer collaboration.
Who are Penpot's investors?
Penpot's investors include Athos Capital, Decibel Partners.
How much funding has Penpot raised?
Penpot has disclosed $8M raised across 1 of its 5 known rounds.