About Lucid Energy
Lucid Energy is a company based in Dallas (United States) founded in 2011 was acquired by Targa Resources in June 2022.. Lucid Energy has raised $675 million across 4 funding rounds from investors including Targa Resources, Magnetar Capital and EnCap Flatrock Midstream. Lucid Energy has completed 1 acquisition, including Agave Energy. Lucid Energy operates in a competitive market with competitors including ADNOC, NOVATEK, OMV Petrom, CNX Resources and CNOOC, among others.
- Headquarter Dallas, United States
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$675 M (USD)
in 4 rounds
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Latest Funding Round
$250 M (USD), Private Equity Round
May 02, 2017
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Investors
Targa Resources
& 2 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Targa Resources
(Jun 16, 2022)
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Funding Insights of Lucid Energy
Lucid Energy has successfully raised a total of $675M across 4 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $250 million completed in May 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Private Equity Round — $250.0M
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First Round
First Round
(08 Feb 2012)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2017 | Amount | Private Equity Round - Lucid Energy | Valuation | Magnetar |
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| Feb, 2016 | Amount | Private Equity Round - Lucid Energy | Valuation |
investors |
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| Mar, 2014 | Amount | Debt – Conventional - Lucid Energy | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Lucid Energy
Lucid Energy has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Targa Resources, Magnetar Capital and EnCap Flatrock Midstream. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Magnetar Capital is engaged in alternative asset management.
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Founded Year | Domain | Location | |
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Venture capital investments are made in midstream management teams.
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Founded Year | Domain | Location | |
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Midstream natural gas and NGL services are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Lucid Energy
Lucid Energy has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Agave Energy. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of oil & gas midstream services
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1995 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Lucid Energy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lucid Energy Comparisons
Competitors of Lucid Energy
Lucid Energy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ADNOC, NOVATEK, OMV Petrom, CNX Resources and CNOOC, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of natural gas & oil distributor, processing, and refining services
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| domain | founded_year | HQ Location |
Oil and gas exploration, production, and services are provided.
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| domain | founded_year | HQ Location |
Oil and gas exploration and refining services are provided.
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| domain | founded_year | HQ Location |
Provider of natural gas exploration, production, and transmission services
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| domain | founded_year | HQ Location |
Provides crude oil and natural gas exploration and processing services.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lucid Energy
Frequently Asked Questions about Lucid Energy
When was Lucid Energy founded?
Lucid Energy was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is Lucid Energy located?
Lucid Energy is headquartered in Dallas, United States. It is registered at Dallas, Texas, United States.
Is Lucid Energy a funded company?
Lucid Energy is a funded company, having raised a total of $675M across 4 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $200M, raised on Feb 08, 2012.
What does Lucid Energy do?
Lucid Energy was founded in 2011 and is headquartered in Dallas, United States. Operations focus on the energy sector, where natural gas gathering, processing, and transportation services are managed. These activities support midstream infrastructure in the natural gas industry, handling collection from production sites, treatment for quality standards, and delivery to markets or end-users across relevant regions.
Who are the top competitors of Lucid Energy?
Lucid Energy's top competitors include ADNOC, NOVATEK and OMV Petrom.
How many acquisitions has Lucid Energy made?
Lucid Energy has made 1 acquisition, including Agave Energy.
Who are Lucid Energy's investors?
Lucid Energy has 3 investors. Key investors include Targa Resources, Magnetar Capital, and EnCap Flatrock Midstream.