-- Investment affirms Lucid's category leadership in the visual collaboration 
space with industry-defining products Lucidchart and Lucidspark.

Lucid, the leading provider of visual collaboration software, today announced 
the closing of a more than $500 million secondary investment that values the 
company at $3 billion. New investors in the secondary financing include Alkeon 
Capital, Tiger Global and STEADFAST Capital Ventures.

Video - https://www.youtube.com/watch?v=aziPSr6TAok
Logo - https://mma.prnewswire.com/media/1550478/Lucid_Logo.jpg

"We are incredibly fortunate to have experienced unprecedented growth over the 
last year," said Karl Sun, co-founder and CEO at Lucid. "The need for visual 
collaboration is increasing as companies seek out sustainable, efficient 
practices that will help hybrid teams over the long term. Our visual 
collaboration suite is a critical element in the future of work, and we're 
excited for the opportunity ahead as visual collaboration becomes an even more 
important part of how teams in every department, and across every industry, get 
work done."

The company continues to experience impressive growth. Lucid surpassed $100 
million in ARR in Q1 of 2020 and saw record bookings in April 2021, with growth 
up over 100% from the prior year. Lucid has also experienced tremendous success 
internationally, with a third of its revenue coming from outside the United 
States.

Lucidspark, the company's virtual whiteboarding solution which was launched in 
October 2020, has experienced incredible market receptivity and growth. Since 
its launch, Lucidspark has amassed more than one million users, and is quickly 
becoming a staple in companies across a broad array of industries, including 
customers like Amazon, Sonos, Jaguar Land Rover and Hubspot.

"Lucid's whiteboarding and diagramming capabilities are unrivaled. The ability 
to simply ideate, design, and communicate the most complex processes while 
collaborating in real time fundamentally transforms the way that modern 
organizations work." said Deepak Ravichandran, general partner at Alkeon 
Capital. "Their impressive growth over the past year is a testament to their 
category leadership in the broader collaboration space, and we're excited to 
work with the Lucid team through the next phase of their journey."

Lucid's visual collaboration suite continues to power some of the biggest names 
in business, including Google, GE, NBC Universal and T-Mobile and 99% of the 
Fortune 500. The suite, which includes the recently launched virtual whiteboard 
application Lucidspark and leading intelligent diagramming application 
Lucidchart, provides users with an end-to-end experience that helps teams see 
and build the future.

The company continues to be supported by existing investors Spectrum Equity, 
ICONIQ Capital, Meritech Capital, Grayhawk Capital, and Kickstart.

About Lucid
Lucid( 
https://c212.net/c/link/?t=0&l=en&o=3207829-1&h=3343501514&u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D2940865-1%26h%3D3942529390%26u%3Dhttps%253A%252F%252Fwww.lucid.co%252F%26a%3DLucid&a=Lucid 
) offers the only visual collaboration suite that helps teams see and build the 
future from idea to reality. Its products, Lucidchart and Lucidspark, provide 
users with an end-to-end experience that helps teams truly see and build the 
future, by enabling collaboration and clear communication. Lucidspark( 
https://c212.net/c/link/?t=0&l=en&o=3207829-1&h=836019814&u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D2940865-1%26h%3D1491447867%26u%3Dhttp%253A%252F%252Fwww.lucidspark.com%252F%26a%3DLucidspark&a=Lucidspark 
) is a virtual whiteboard application for freeform ideation, group 
brainstorming and real-time collaboration across teams. Lucidchart( 
https://c212.net/c/link/?t=0&l=en&o=3207829-1&h=1509553913&u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D2940865-1%26h%3D2067601498%26u%3Dhttps%253A%252F%252Fc212.net%252Fc%252Flink%252F%253Ft%253D0%2526l%253Den%2526o%253D2918899-1%2526h%253D2015388730%2526u%253Dhttps%25253A%25252F%25252Fc212.net%25252Fc%25252Flink%25252F%25253Ft%25253D0%252526l%25253Den%252526o%25253D2778460-1%252526h%25253D670859408%252526u%25253Dhttps%2525253A%2525252F%2525252Fc212.net%2525252Fc%2525252Flink%2525252F%2525253Ft%2525253D0%25252526l%2525253Den%25252526o%2525253D2748664-1%25252526h%2525253D2264045246%25252526u%2525253Dhttps%252525253A%252525252F%252525252Fc212.net%252525252Fc%252525252Flink%252525252F%252525253Ft%252525253D0%2525252526l%252525253Den%2525252526o%252525253D2614401-1%2525252526h%252525253D2945813128%2525252526u%252525253Dhttps%25252525253A%25252525252F%25252525252Fwww.lucidchart.com%25252525252F%2525252526a%252525253DLucidchart%25252526a%2525253DLucidchart%252526a%25253DLucidchart%2526a%253DLucidchart%26a%3DLucidchart&a=Lucidchart 
) is an intelligent diagramming application that empowers teams to clarify 
complexity, align their insights, and build the future—faster. Top businesses 
use Lucid's products all around the world, including customers such as Google, 
GE, NBC Universal and T-Mobile, and 99% of the Fortune 500. Lucid's partners 
include industry leaders such as Google, Atlassian, Amazon Web Services, 
Salesforce and Microsoft. Since the Utah-based company's founding in 2010, it 
has received numerous awards for its products, business and workplace culture. 
For more information, visit lucid.co( 
https://c212.net/c/link/?t=0&l=en&o=3207829-1&h=3777780921&u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D2940865-1%26h%3D4059161449%26u%3Dhttps%253A%252F%252Fc212.net%252Fc%252Flink%252F%253Ft%253D0%2526l%253Den%2526o%253D2918899-1%2526h%253D128650303%2526u%253Dhttps%25253A%25252F%25252Fc212.net%25252Fc%25252Flink%25252F%25253Ft%25253D0%252526l%25253Den%252526o%25253D2778460-1%252526h%25253D2497968849%252526u%25253Dhttps%2525253A%2525252F%2525252Fc212.net%2525252Fc%2525252Flink%2525252F%2525253Ft%2525253D0%25252526l%2525253Den%25252526o%2525253D2748664-1%25252526h%2525253D3066459552%25252526u%2525253Dhttps%252525253A%252525252F%252525252Fc212.net%252525252Fc%252525252Flink%252525252F%252525253Ft%252525253D0%2525252526l%252525253Den%2525252526o%252525253D2614401-1%2525252526h%252525253D2943630384%2525252526u%252525253Dhttp%25252525253A%25252525252F%25252525252Flucid.co%25252525252F%2525252526a%252525253Dlucid.co%25252526a%2525253Dlucid.co%252526a%25253Dlucid.co%2526a%253Dlucid.co%26a%3Dlucid.co&a=lucid.co 
).

Media Contact:
pr@lucid.co 

SOURCE: Lucid