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.
See something that needs updating? Suggest edits to this profile.
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