LucidLink, a San Francisco, CA-based provider of a storage collaboration platform enabling instant access to data and real-time collaboration, has raised $75 million in Series C funding.
SaaS Investors
The round was led by Brighton Park Capital. Existing investors, including Headline, Baseline Ventures, and Adobe Ventures, also participated in the funding round.
Brighton Park Capital is a Greenwich, Conn.-based investment firm focused on entrepreneur-led, growth-stage software, healthcare, and tech-enabled services companies. The firm invests in companies that provide highly innovative solutions in partnership with great management teams. Brighton Park brings purpose-built value-add capabilities that match the unique requirements of each of its companies.
LucidLink Use of Funds
The company will use the funds to accelerate product and engineering development, customer acquisition efforts, and expansion into new verticals and geographies.
About LucidLink
LucidLink is a storage collaboration platform that enables creative professionals to work together seamlessly from anywhere. The company’s platform is designed for remote and hybrid teams, providing immediate access to large files and secure real-time collaboration. This cloud-based SaaS product connects remote teams instantly to project files of any type and size and helps teams optimize productivity, costs, and creativity for today's workforce. LucidLink's solution is designed for workflows involving huge files, massive data sets, and real-time collaboration and used in industries like media and entertainment, advertising, retail, architecture, news, and sports. Headquartered in San Francisco, California, LucidLink has an office in Sofia, Bulgaria, and remote employees across North America, Europe, and Australia.
Funding Details
Company: LucidLink Corp.
Raised: $75.0M
Round: Series C
Funding Month: November 2023
Lead Investors: Brighton Park Capital
Additional Investors: Headline, Baseline Ventures, and Adobe Ventures
Company Website: https://www.lucidlink.com/
Software Category: Storage Collaboration
Source: https://www.prnewswire.com/news-releases/lucidlink-raises-75m-in-series-c-funding-led-by-brighton-park-capital-to-redefine-real-time-collaboration-in-the-new-hybrid-workplace-301992876.html