About Lucidchart
Lucidchart is a company based in Salt Lake City (United States) founded in 2009.. Lucidchart has raised $73 million across 2 funding rounds from investors including Meritech Capital, Spectrum Equity and ICONIQ Growth. Lucidchart operates in a competitive market with competitors including Figma, Miro, Lucid, Mural and Klaxoon, among others.
- Headquarter Salt Lake City, United States
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Sectors
Technology
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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
$73 M (USD)
in 2 rounds
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Latest Funding Round
$72 M (USD), Series C
Oct 17, 2018
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Investors
Meritech Capital
& 5 more
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Employee Count
Employee Count
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Software Development Team
87 people
Sales and Marketing
79 people
Leadership Team
51 people
Operations Team
26 people
Senior Team
16 people
Finance and Accounting
14 people
Data Analysis and Operations Team
13 people
Human Resources and Administration
10 people
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Funding Insights of Lucidchart
Lucidchart has successfully raised a total of $73M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $72 million completed in October 2018. 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 Series C — $72.0M
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First Round
First Round
(26 Jul 2011)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2018 | Amount | Series C - Lucidchart | Valuation | Meritech , ICONIQ Growth | |
| Jul, 2011 | Amount | Seed - Lucidchart | Valuation | 500 Global , 2M Companies |
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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 Lucidchart
Lucidchart has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include Meritech Capital, Spectrum Equity and ICONIQ Growth. 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 directed toward US-based companies.
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Founded Year | Domain | Location | |
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Growth equity investments and partnerships in finance and related sectors.
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Founded Year | Domain | Location | |
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Venture capital is provided to technology companies by the firm.
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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 Lucidchart
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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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 |
Financial Statements - Lucidchart
| 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 |
Lucidchart Comparisons
Competitors of Lucidchart
Lucidchart 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 Figma, Miro, Lucid, Mural and Klaxoon, 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 |
Collaborative platform for design prototyping and feedback is provided.
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| domain | founded_year | HQ Location |
Collaborative prototypes for applications are developed and managed via whiteboarding.
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| domain | founded_year | HQ Location |
Solutions for business visualization, planning, and building are offered.
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| domain | founded_year | HQ Location |
Cloud-based whiteboarding platform is offered for collaborative idea sharing.
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| domain | founded_year | HQ Location |
Cloud-based platform for organizational collaboration and training is offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Lucidchart
Frequently Asked Questions about Lucidchart
When was Lucidchart founded?
Lucidchart was founded in 2009 and raised its 1st funding round 2 years after it was founded.
Where is Lucidchart located?
Lucidchart is headquartered in Salt Lake City, United States. It is registered at Salt Lake City, Utah, United States.
Is Lucidchart a funded company?
Lucidchart is a funded company, having raised a total of $73M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Jul 26, 2011.
What does Lucidchart do?
Lucidchart was established in 2009 in Salt Lake City, United States, as a web-based platform in the software sector. Collaborative creation of diagrams, flowcharts, organization charts, mind maps, and app mock-ups is facilitated in real-time. A freemium model is used, with free access limited to 25 MB and team plans starting at 25 monthly for 5 GB storage. Customers such as Hilton, Netflix, Disney, Ford, and Autodesk are supported.
Who are the top competitors of Lucidchart?
Who are Lucidchart's investors?
Lucidchart has 6 investors. Key investors include Meritech Capital, Spectrum Equity, ICONIQ Growth, 500 Global, and 2M Companies.
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