Lucidchart Closes $72M Funding Round

lucidchartLucidchart, a South Jordan, Utah-based provider of a visual productivity platform, closed a $72m funding round.

Backers included new investors Meritech Capital and ICONIQ Capital, and existing partner Spectrum Equity.

The company, which has raised $114m total funding to date, intends to use the capital to accelerate growth and product development, introducing the platform worldwide.

Led by Karl Sun, CEO and co-founder, Lucidchart provides a cloud based visual productivity platform for people to understand and share ideas, information, and processes. It allows anyone to work visually and collaborate in real time while building flowcharts, mockups, UML diagrams, and more.
The solution is used in over 180 countries by more than 15 million users, from sales managers mapping out target organizations to IT directors visualizing their network infrastructure. Customers include Google, GE, NBC Universal and Johnson & Johnson.

The funding will also be used to enhance Lucidpress, the sister product to Lucidchart, which provides a brand templating platform that allows its over 5 million users to create and distribute on-brand marketing collateral.



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