San Francisco, USA-based pioneers in enabling instant access to data and real-time collaboration for the world’s most innovative companies, LucidLink raised USD 75 million in Series C. The round took place on November 20, 2023. An investment firm focused on entrepreneur-led, growth-stage companies within the software, healthcare, and tech-enabled services businesses space, Brighton Park Capital led the financing for the company. Major existing investors, such as Headline, Baseline Ventures, and Adobe Ventures, also participated in the financing.
Purpose of financing for LucidLink
With the latest financing, the company seeks to accelerate product and engineering development. It also has plans to fund customer acquisition efforts. Meanwhile, the company looks forward to expanding into new verticals and geographies.
What the investors have to comment
Mike Gregoire and Sam Kentor, Partners at Brighton Park Capital, said, “LucidLink recognized a substantial need for real-time collaboration in the cloud, and their solution has rapidly become indispensable for hybrid and remote creative professionals, underscored by its robust recent growth and diverse customer base of leading innovative companies. The Company is well-positioned to build on its momentum, and we are excited to support LucidLink’s strategic initiatives to drive future growth.”
What the company’s official has to add
Peter Thompson, CEO and Co-Founder of LucidLink, further added, “Legacy collaboration and storage solutions are not designed for this new hybrid workplace reality, and LucidLink is becoming the go-to solution for companies looking to future-proof their businesses. Our customers are reaching 5x in productivity gains on previously impossible workflows, and we are excited to see how they continue to unlock new possibilities as we help to accelerate the future of collaborative work.”
He continued, “Brighton Park’s deep expertise, broad network, and track record of supporting growth across its portfolio companies make it the perfect partner, and we are grateful to our existing investors for their continued support.”
In addition, George Dochev, CTO and Co-Founder of LucidLink, said, “With this Series C investment, LucidLink will accelerate its most ambitious product updates in the Company’s history to expand our technology leadership position, open up new customer use cases, and create more personalized product experiences that enable creative professionals to work more efficiently and effectively.”
About the company
George Dochev and Peter Thompson launched the company. LucidLink created an award-winning storage collaboration platform that enables creative professionals to work together seamlessly from anywhere. Its clientele boasts of giants such as Adobe, A&E Networks, Whirlpool, Shopify, Buzzfeed, and Spotify. Meanwhile, Hollywood studios, major broadcasters, brands, digital ad agencies, architectural firms, and gaming companies also use the company’s platform.
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