About Lucida Group
Lucida Group is a company based in Romford (United Kingdom) founded in 2018.. Lucida Group has raised $37.76 million across 2 funding rounds from investors including LDC. Lucida Group has completed 1 acquisition, including Moorhouse Group. Lucida Group offers products and services including Insurance Broking and Support Services.
- Headquarter Romford, United Kingdom
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Lucida Broking Holdings Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$37.76 M (USD)
in 2 rounds
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Latest Funding Round
$228 K (USD), Seed
May 13, 2021
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Lucida Group
Lucida Group offers a comprehensive portfolio of products and services, including Insurance Broking and Support Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Broking services are provided for insurance businesses to build expertise
Support is offered through centres of excellence to help insurance businesses develop their capabilities
Funding Insights of Lucida Group
Lucida Group has successfully raised a total of $37.76M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $228 thousand completed in May 2021. 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 2
- Last Round Seed — $228,000
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First Round
First Round
(11 Jun 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Seed - Lucida Group | Valuation |
investors |
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| Jun, 2018 | Amount | Private Equity Round - Lucida Group | Valuation |
investors |
| 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 Lucida Group
Lucida Group has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include LDC. 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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Private equity investments are focused on multiple sectors for growth.
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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 Lucida Group
Lucida Group has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Moorhouse Group. 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 construction, courier, fleet, business, and other insurance services
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1990 |
| 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 - Lucida Group
| 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 |
Lucida Group Comparisons
Competitors of Lucida Group
| 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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Frequently Asked Questions about Lucida Group
When was Lucida Group founded?
Lucida Group was founded in 2018.
Where is Lucida Group located?
Lucida Group is headquartered in Romford, United Kingdom.
Is Lucida Group a funded company?
Lucida Group is a funded company, having raised a total of $37.76M across 2 funding rounds to date. The company's 1st funding round was a Private Equity Round of $37.53M, raised on Jun 11, 2018.
What does Lucida Group do?
Lucida Group was founded in 2018 and is located in Romford, United Kingdom. Insurance brokerage services are offered as the core focus within the financial services sector. Operations are centered on facilitating insurance placements for clients, with activities managed from the UK base. The companys domain, lucidagroup.com, supports these brokerage functions. Coverage extends to various insurance needs in the regional market.
What products or services does Lucida Group offer?
Lucida Group offers Insurance Broking and Support Services.
How many acquisitions has Lucida Group made?
Lucida Group has made 1 acquisition, including Moorhouse Group.
Who are Lucida Group's investors?
Lucida Group has 1 investor. Key investors include LDC.