Lucid Software raises $36M

What does Lucid Software do?

Lucid Software, is a leading provider of cloud based visual productivity applications. The company is focused on building graphical web apps which push the boundaries of what is possible in the browser. Their team has expanded from an ambitious college student to a company of over a hundred and fifty employees. With teams dedicated to front and back end engineering, sales and marketing, customer services and quality assurance, this company is a profitable and thriving business. The company has 2 flagship products Lucidpress and Lucidchart. The company has become one of the most popular diagramming applications on the web and the foremost alternative to Microsoft Visio. This company uses the drag and drop functionality of its flagship product for creating stunning print and digital content. The company’s aim is creating cutting edge web apps which change the experience of working on a desktop program. The company is constantly proving that a web application does not have to be a substandard solution. With a combination of stellar people and fantastic products, the company is going ahead with super speed.

How much Lucid Software was funded?

The company raised $36M in Series B on September 14, 2016 from Grayhawk Capital,  Spectrum Equity and Kickstart Seed Fund.

Previous funding

$1M on July 26, 2011 from 2M Companies,  K9 Ventures, 500 Startups,  Endeavour Investment Partners, GV and Benjamin Ling

$5.1M in Series A on May 29, 2014 from Kickstart Seed Fund,  Peterson Ventures and Grayhawk Capital.

What is next for Lucid Software?

The company plans to use the latest funding for expanding its design and diagramming solutions and capitalizing on its already wide scale adoption within large enterprises.

More about Lucid Software

Lucid Software was founded on February 1, 2009 by Darrell Swain,  Ben Dilts and Karl Sun. It has its headquarters in Draper, UT.  This is a lead provider of cloud based visual productivity apps.