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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.

HQ Country
South Jordan, United States
Employees
1311
Founded
2010
Industry
B2b Saas
Recent Funding Round
Series E
Recent Venture Round Amount
$500,000,000

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.

How much Lucid Software raised

Seed Round - $1M

July 2011
Lead Investor: Google Ventures

Seed Round - $4.4M

March 2014
Lead Investor: Not publicly disclosed

Series A - $5M

May 2014
Lead Investor: Kickstart

Series B - $36M

September 2016
Lead Investor: Spectrum Equity

Series C - $72M

October 2018
Lead Investor: ICONIQ Growth, Meritech Capital Partners, Spectrum Equity

Series D - $52M

April 2020
Lead Investor: ICONIQ Growth

Series E - Not publicly disclosed

March 2021
Lead Investor: Not publicly disclosed

Secondary Market - $500M

June 2021
Lead 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

  1. Customer Relationship Management (CRM) - Tools like Salesforce, Hubspot CRM, and Zoho are utilized for managing customer interactions.
  2. Sales Enablement and Automation - They use LinkedIn Sales Navigator and Outreach to improve communication and engagement with prospects.
  3. Account Planning - Lucidchart is employed for visualizing and strategizing account management.
  4. Scheduling - Calendly is used to streamline meeting arrangements.
  5. Demos - Platforms like Zoom are utilized for product presentations.
  6. E-signature - DocuSign is used for efficiently closing deals.
  7. People Management and Communications - Slack is integrated for team collaboration.
  8. Project Management - Tools like Workfront and Trello help manage workflows and projects effectively.

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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
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