Commercial

Lucid Raises $52M in Series D Round

By April 16, 2020 June 1st, 2020 No Comments
Lucid2

We are proud to call Utah home, and even more proud of all of the companies and clients we have been able to represent. We know that COVID-19 has impacted individuals and businesses around the globe, and it is really inspiring to see the changes and impacts our clients have made to continue to support their customers and others during this time, while also acknowledging and showing our support to those who have been impacted the most and the hardest. We are thinking about you.

One of our clients, Lucid Software, announced that they have passed $100M in ARR and raised a $50M+ in their Series D round of funding. This funding comes at the perfect time to help customers and others, while working remotely, work more efficiently and innovate more quickly.

Lucid is a software company whose products, Lucidchart and Lucidpress, “help millions connect the dots and bring big ideas to life.” Lucidchart is a visual workspace that combines diagramming, data visualization and collaboration to accomplish more. Lucidpress is a design and brand management platform to help companies make a lasting impression.

While more people are working from home during this time of uncertainty, this new funding has been able to help as Lucid is seeing more demand for its products. Lucid currently claims 20 million users in 180 countries and are in a position to grow. Congrats Lucid! We are fortunate to be able to call you clients and friends.