PHASE RAISES $13M, LAUNCHES ITS NO-CODE PLATFORM OUT OF BETA TO CHALLENGE FIGMA

Summary from the TLDR Design newsletter

Phase, a no-code design platform, has secured $13 million in funding as it moves out of beta, positioning itself as a competitor to Figma. The tool differentiates itself by offering real-time collaboration and dynamic layout capabilities aimed at designers who want to create high-fidelity prototypes without coding. With this funding, Phase plans to expand its feature set and attract more users in the competitive UI/UX design space.