# Lucid Software funding: rounds and investors > Lucid Software has raised $540M across 4 rounds since 2008. Investors include 500 Global, Tiger Global Management and ICONIQ Capital. Source: https://millionrounds.com/company/lucid-software (Millionrounds; every figure on the page links to its filing or article) Japan · [Funded startup](https://millionrounds.com/companies) # Who invested in *Lucid Software* 4 rounds we have observed, with the 5 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. AI Cloud Valuation: $3.0B, Mar 2026 Funding summary Updated 26 Oct 2026 **$540M** raised across 4 rounds since 2008, from 4 sources **$89K** Seed **$4.4M** Venture **$36M** Round **$500M** Secondary - **Latest round:** Secondary, $500M Jun 2021 - **Step-up i:** 13.9× - **Investors:** 5 See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2008 2010 2012 2014 2016 2018 2020 **$89K** Seed **$4.4M** Venture **$36M** Round **$500M** Secondary - **First round:** Seed, $89K - **Biggest round:** $500M - **Usual gap between rounds:** 4.8 years ## The rounds - **Jun 2021** Secondary **$500M** *4 new* [500 Global](https://millionrounds.com/fund/500-startups) [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) [ICONIQ Capital](https://millionrounds.com/fund/iconiq-capital-2) [Peterson Ventures](https://millionrounds.com/fund/peterson-ventures) Source recorded - **Sept 2016** Round **$36M** *1 new* [Spectrum Equity](https://millionrounds.com/fund/spectrum-equity) Reported by FinSMEs - **Apr 2014** Venture **$4.4M** No investor was named in the report. From a historical funding record SEC filing: $4.4M sold, first sale Mar 2014 - **Jan 2008** Seed **$89K** No investor was named in the report. From a historical funding record ## Founders and team From Lucid Software's own website and the SEC filings it signed: 2 founders, 11 on the team. **Ben Dilts** Chief Engineer and Co-Founder **Karl Sun** Board Chair & Co-Founder *Named on its 2020 Form D* - **Dave Grow** Chief Executive Officer - **Michael Maas** Vice President, Sales, EMEA - **Brian Pugh** Chief Technology Officer - **Jamie Lyon** Chief Product & Strategy Officer - **Kat Judd** Chief People Officer - **Nathan Rawlins** Chief Marketing Officer - **Nick Rico** Chief Commercial Officer - **Seamus Hennessy** Chief Financial Officer - **Ben Spero** Managing Director - **Cara Frisbie** General Counsel and SVP of Legal - **Benjamin N. Dilts** Executive Officer, Director i On the board, as filed i *Benjamin N. Spero* *Kelly N. Wright* ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Seed** 2008 **Venture** 2014 **Round** 2016 **Secondary** 2021 [500 Global](https://millionrounds.com/fund/500-startups) [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) [ICONIQ Capital](https://millionrounds.com/fund/iconiq-capital-2) [Peterson Ventures](https://millionrounds.com/fund/peterson-ventures) [Spectrum Equity](https://millionrounds.com/fund/spectrum-equity) ## Everyone who backed them [500 Global](https://millionrounds.com/fund/500-startups) Angel **1** round [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) VC firm **1** round [ICONIQ Capital](https://millionrounds.com/fund/iconiq-capital-2) Family office **1** round [Peterson Ventures](https://millionrounds.com/fund/peterson-ventures) VC firm **1** round [Spectrum Equity](https://millionrounds.com/fund/spectrum-equity) Private equity **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=lucid-software). ## Also claim to have backed them These 10 firms list Lucid Software as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above. [Kickstart](https://millionrounds.com/fund/kickstart) VC firm Per its own site [Iconiq Capital](https://millionrounds.com/fund/iconiq-capital-3) Growth equity Per its own site [Kickstart Seed Fund](https://millionrounds.com/fund/kickstart-seed-fund) VC firm Per its own site [ICONIQ Capital](https://millionrounds.com/fund/iconiq-capital) Family office Per its own site [Cross Creek](https://millionrounds.com/fund/cross-creek) VC firm Per its own site [Alkeon Capital](https://millionrounds.com/fund/alkeon-capital) VC firm Per its own site [Audrey Capital](https://millionrounds.com/fund/audrey-capital) VC firm Per its own site [Baleon Capital](https://millionrounds.com/fund/baleon-capital) Private equity Per its own site [Conduit](https://millionrounds.com/fund/conduit) Accelerator Per its own site [ZoiBel](https://millionrounds.com/fund/zoibel) VC firm Per its own site ## Quick answers about Lucid Software ### Who invested in Lucid Software? Lucid Software's investors include 500 Global, Tiger Global Management, ICONIQ Capital, Peterson Ventures and Spectrum Equity. ### How much has Lucid Software raised? Lucid Software has raised $540M across 4 rounds since 2008. ### When did Lucid Software last raise? Lucid Software's most recent round was a Secondary of $500M in Jun 2021. ### What was Lucid Software's biggest round? Its most recent round, $500M in Jun 2021, is also its largest on record. ### Who backed Lucid Software first? Lucid Software's first round on record, in Sept 2016, was backed by Spectrum Equity. ### What stage is Lucid Software at? Lucid Software's latest named round is a Secondary, in Jun 2021. ### Where is Lucid Software based? Lucid Software is based in Japan. ## Companies like Lucid Software In the same sector, and raised in the last eighteen months. [**Kaminashi** $14M · Oct 2026](https://millionrounds.com/company/kaminashi)[**Mujin, Inc.** $224M · Oct 2026](https://millionrounds.com/company/mujin-inc)[**Flyle** $13M · Oct 2026](https://millionrounds.com/company/flyle)[**Farmnote** $12M · Oct 2026](https://millionrounds.com/company/farmnote)[**PeopleX** $39M · Sept 2026](https://millionrounds.com/company/peoplex)[**AIONA** $1.2M · Sept 2026](https://millionrounds.com/company/aiona) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app