Lucid Software Analysis: $670M Raised
What is Lucid Software?
Lucid Software offers a visual collaboration suite that helps teams ideate, plan, design, build, and launch solutions on a shared infinite canvas.
Employees
1311
Founded
2010
Industry
B2b Saas
Latest Funding Round
Series E
Latest Funding Round Size
Secondary Market
Parent Company Website
Public Company Status
Private
Recent Venture Round Amount
$500,000,000
Use Clay
No
Product Features & Capabilities
- Lucidspark for virtual whiteboarding
- Lucidchart for intelligent diagramming
- Enterprise Shield for enhanced security
- Agile Accelerator for scaling workflows
- Cloud Accelerator for cloud infrastructure planning.
Use Cases
Collaborate on product roadmaps using Lucidspark; Visualize complex systems with Lucidchart; Optimize processes with Enterprise Shield; Scale Agile workflows with Agile Accelerator; Plan cloud transformations with Cloud Accelerator.
How much Lucid Software raised
Seed Round - $1M
July 2011Lead Investor: Google Ventures
Seed Round - $4.4M
March 2014Lead Investor: Not publicly disclosed
Series A - $5M
May 2014Lead Investor: Kickstart
Series B - $36M
September 2016Lead Investor: Spectrum Equity
Series C - $72M
October 2018Lead Investor: ICONIQ Growth, Meritech Capital Partners, Spectrum Equity
Series D - $52M
April 2020Lead Investor: ICONIQ Growth
Series E - Not publicly disclosed
March 2021Lead Investor: Not publicly disclosed
Secondary Market - $500M
June 2021Lead Investor: Alkeon Capital
Other Considerations
Over 100 million individual users; Serves 99% of Fortune 500 companies; Recognized as a leader in visual collaboration.
Sales Tech Stack
The sales technology stack used by Lucid Software includes a variety of tools and software designed to enhance their sales operations. Key components of their stack are:
- Customer Relationship Management (CRM) - Tools like Salesforce, Hubspot CRM, and Zoho are utilized for managing customer interactions.
- Sales Enablement and Automation - They use LinkedIn Sales Navigator and Outreach to improve communication and engagement with prospects.
- Account Planning - Lucidchart is employed for visualizing and strategizing account management.
- Scheduling - Calendly is used to streamline meeting arrangements.
- Demos - Platforms like Zoom are utilized for product presentations.
- E-signature - DocuSign is used for efficiently closing deals.
- People Management and Communications - Slack is integrated for team collaboration.
- Project Management - Tools like Workfront and Trello help manage workflows and projects effectively.
These tools collectively help streamline sales processes and improve overall productivity within the organization.
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Financial Overview
$670MTotal Raised
Seed Round$1M
July 2011
Investors: Google Ventures
Seed Round$4.4M
March 2014
Investors: Not publicly disclosed
Series A$5M
May 2014
Investors: Kickstart
Series B$36M
September 2016
Investors: Spectrum Equity
Series C$72M
October 2018
Investors: ICONIQ Growth, Meritech Capital Partners, Spectrum Equity
Series D$52M
April 2020
Investors: ICONIQ Growth
Series ENot publicly disclosed
March 2021
Investors: Not publicly disclosed
Secondary Market$500M
June 2021
Investors: Alkeon Capital
