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Lucid Announces $52 Million Round of Funding, Passes $100M in Annual Recurring Revenue

Apr 16, 2020•about 5 years ago

Amount Raised

$52 Million

South Jordan

Description

Lucid, the creators of Lucidchart and Lucidpress, today announced that it has closed a $52 million round of funding led by ICONIQ Capital with participation from Meritech Capital, Spectrum Equity and new investor, Cross Creek. The company also announced that it has passed $100 million in annual recurring revenue as its flagship product, Lucidchart, establishes its place as the leading visual workspace, driving greater productivity and collaboration across over 100,000 companies.

Company Information

Company

Lucid

Location

South Jordan, Utah, United States

About

Lucid is the parent company of two cloud-based visual workspace applications: Lucidchart and Lucidpress. Lucidchart is a visual workspace that combines diagramming, data visualization and collaboration to accelerate understanding and drive innovation. Lucidpress is an intuitive design and brand management platform for creating on-brand content faster. Together, they are utilized in over 180 countries by more than 27 million users, including customers like Google, GE, NBC Universal and Johnson & Johnson and ninety-nine percent of the Fortune 500. Lucid's partners include industry leaders such as Google, Atlassian, Amazon Web Services, Salesforce and Microsoft. Since the Utah-based company's founding in 2010, it has received numerous awards for its product, business and workplace culture. For more information, visit lucid.co.

Funding Insights

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