LucidLink Raises $75 Million Series C

<p><strong><span class&equals;"legendSpanClass"><span class&equals;"xn-location">SAN FRANCISCO<&sol;span><&sol;span><&sol;strong> &&num;8212&semi; LucidLink&comma; which allows instant access to data and real-time collaboration for companies&comma; has raised <span class&equals;"xn-money">&dollar;75 million<&sol;span> in Series C funding&comma; including secondaries&comma; led by <u>Brighton Park Capital<&sol;u> an investment firm focused on entrepreneur-led&comma; growth-stage companies within the software&comma; healthcare&comma; and tech-enabled services businesses space&period;<&sol;p>&NewLine;<p>Major existing investors&comma; including <u>Headline<&sol;u>&comma; <u>Baseline Ventures<&sol;u>&comma; and <u>Adobe Ventures&comma;<&sol;u> also participated&period; Over the past two years&comma; LucidLink says it has grown annual recurring revenue &lpar;ARR&rpar; by nearly 5x and the number of users on its platform by over 4x&period;<&sol;p>&NewLine;<p>Founded in 2016&comma; LucidLink developed the world&&num;8217&semi;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&period; LucidLink&&num;8217&semi;s system is built specifically for the modern computing environment&comma; eliminating the need to download or synchronize files by allowing users to stream data directly from the cloud&period;<&sol;p>&NewLine;<p>&&num;8220&semi;LucidLink recognized a substantial need for real-time collaboration in the cloud&comma; and their solution has rapidly become indispensable for hybrid and remote creative professionals&comma; underscored by its robust recent growth and diverse customer base of leading innovative companies&comma;&&num;8221&semi; said <span class&equals;"xn-person">Mike Gregoire<&sol;span> and <span class&equals;"xn-person">Sam Kentor<&sol;span>&comma; Partners at Brighton Park Capital&period; &&num;8220&semi;The Company is well-positioned to build on its momentum&comma; and we are excited to support LucidLink&&num;8217&semi;s strategic initiatives to drive future growth&period;&&num;8221&semi;<&sol;p>&NewLine;<p><span class&equals;"xn-person">Peter Thompson<&sol;span>&comma; CEO and Co-Founder of LucidLink&comma; said&comma; &&num;8220&semi;Legacy collaboration and storage solutions are not designed for this new hybrid workplace reality&comma; and LucidLink is becoming the go-to solution for companies looking to future-proof their businesses&period; Our customers are reaching 5x in productivity gains on previously impossible workflows&comma; and we are excited to see how they continue to unlock new possibilities as we help to accelerate the future of collaborative work&period;&&num;8221&semi;<&sol;p>&NewLine;