SAN FRANCISCO — LucidLink, which allows instant access to data and real-time collaboration for companies, has raised $75 million in Series C funding, including secondaries, led by Brighton Park Capital an investment firm focused on entrepreneur-led, growth-stage companies within the software, healthcare, and tech-enabled services businesses space.
Major existing investors, including Headline, Baseline Ventures, and Adobe Ventures, also participated. Over the past two years, LucidLink says it has grown annual recurring revenue (ARR) by nearly 5x and the number of users on its platform by over 4x.
Founded in 2016, LucidLink developed the world’s first storage collaboration platform designed to help remote and hybrid teams of creative professionals tackle a variety of complex use cases by enabling immediate access to huge files and secure real-time collaboration. LucidLink’s system is built specifically for the modern computing environment, eliminating the need to download or synchronize files by allowing users to stream data directly from the cloud.
“LucidLink recognized a substantial need for real-time collaboration in the cloud, and their solution has rapidly become indispensable for hybrid and remote creative professionals, underscored by its robust recent growth and diverse customer base of leading innovative companies,” said Mike Gregoire and Sam Kentor, Partners at Brighton Park Capital. “The Company is well-positioned to build on its momentum, and we are excited to support LucidLink’s strategic initiatives to drive future growth.”
Peter Thompson, CEO and Co-Founder of LucidLink, said, “Legacy collaboration and storage solutions are not designed for this new hybrid workplace reality, and LucidLink is becoming the go-to solution for companies looking to future-proof their businesses. Our customers are reaching 5x in productivity gains on previously impossible workflows, and we are excited to see how they continue to unlock new possibilities as we help to accelerate the future of collaborative work.”