Funding round
Lucid Series A
Lucid, which works in visual collaboration platform development in South Jordan, raised $5.0M in a Series A round announced on 29 May 2014. 2 firms took part. It is Lucid's second venture round on record; the one before was a Seed in Jul 2011.
$5.0M
Amount raised
Not disclosed
Post-money valuation
2
Investors
no lead named
Valuation
What this round says about the price
Lucid did not disclose a valuation in this round. It came 34 months after Lucid's Seed. It is under 1% of the $726M Lucid has raised in the venture rounds on record. Lucid raised again 20 months later: a Series B round of $36M in Jan 2016. Its next priced round, a Series D in Apr 2020, valued it at $1.00B.
Lucid's funding rounds
Lucid has 7 venture rounds on record. This one is highlighted.
- Seed 26 Jul 2011 $1.0M
- Series A this round 29 May 2014 $5.0M
- Series B 1 Jan 2016, led by Spectrum Equity $36M
- Growth 11 Apr 2017, led by North Bridge Venture Partners $60M
- Series C 1 Jan 2018, led by Meritech Capital and ICONIQ Capital $72M
- Series D 16 Apr 2020, led by ICONIQ Capital $52M$1.00B post-money
- Growth 24 Jun 2021 $500M$3.00B post-money
Investors
Who put money in
2 firms took part; no lead investor was named.
Investors
- backs 67 venture-backed companies new investor
- Grayhawk Capital new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing, scaling operations and working capital.
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
269 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $5.4M, and this round was close to the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 1 May 2014 | $71M | not disclosed | Allen & Company LLC |
| Tech Companies | 1 May 2014 | $9.0M | not disclosed | Drive Capital |
| Tech Companies | 14 May 2014 | $6.7M | not disclosed | not named |
| Tech Companies | 13 May 2014 | $6.5M | not disclosed | YL Ventures |
| Tech Companies | 23 May 2014 | $5.0M | not disclosed | RRE |
| Tech Companies | 6 May 2014 | $3.6M | not disclosed | Northzone |
| Tech Companies | 1 May 2014 | $3.0M | not disclosed | Euroventures |
| Tech Companies | 13 May 2014 | $2.4M | not disclosed | Betaworks |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Lucid raise in its Series A round?
Lucid raised $5.0M in its Series A round, announced in May 2014.
Which investors took part in Lucid's Series A round?
Kickstart and Grayhawk Capital.
What was Lucid's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
269 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $5.4M, and this round was close to the median.
Did Lucid raise again after this round?
Yes: a Series B round in Jan 2016 of $36M.