# Lucida Medical funding: rounds and investors

> Lucida Medical has raised $17M across 10 rounds since 2021. Investors include Empirical Ventures, Innovate UK and The FSE Group. Every round with its source.

Source: https://millionrounds.com/company/lucida-medical (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Seed startup](https://millionrounds.com/companies)

# Who invested in *Lucida Medical*

10 rounds we have observed, with the 4 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 Biotech Healthcare Medical Devices

Raised 2 months ago

Funding summary Updated 26 Oct 2026

**$17M** raised across 10 rounds since 2021, from 10 sources

**$283K** Seed **$188K** Seed **$464K** Seed **$873K** Seed **$218K** Seed **$1.8M** Seed **$249K** Round **$518K** Seed **$12M** Round **$688K** Round

- **Latest round:** Round, $688K Sept 2026
- **Biggest round:** $12M Round · Mar 2026
- **Investors:** 4 (1 led)

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.

2022 2023 2024 2025 2026

**$283K** Seed

**$188K** Seed

**$464K** Seed

**$873K** Seed

**$218K** Seed

**$1.8M** Seed

**$249K** Round

**$518K** Seed

**$12M** Round

**$688K** Round

- **First round:** Seed, $283K
- **Biggest round:** $12M
- **Usual gap between rounds:** 5 months

## The rounds

- **Sept 2026** Round **$688K** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet
- **Mar 2026** Round **$12M** *1 new* [Empirical Ventures](https://millionrounds.com/fund/empirical-ventures) Lead Reported by Firms' own news pages
- **Mar 2025** Seed **$518K** *3 new* [Innovate UK](https://millionrounds.com/fund/innovate-uk) [The FSE Group](https://millionrounds.com/fund/the-fse-group) [XTX Ventures](https://millionrounds.com/fund/xtx-ventures) Source recorded
- **Oct 2024** Round **$249K** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet
- **Dec 2023** Seed **$1.8M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet
- **Aug 2023** Seed **$218K** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet
- **May 2023** Seed **$873K** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet
- **Sept 2022** Seed **$464K** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet
- **May 2022** Seed **$188K** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet
- **May 2021** Seed **$283K** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet

## Funding filed with regulators

Lucida Medical filed 22 raises, $19M in all. Filings say how much was sold and to how many investors; they never name the investors.

- Sept 2026 **$688K** UK share allotment
- Jun 2026 **$836K** UK share allotment
- Mar 2026 **$10M** UK share allotment
- Jun 2025 **$427K** UK share allotment
- Apr 2025 **$1.5M** UK share allotment
- Apr 2025 **$710K** UK share allotment
- Mar 2025 **$237K** UK share allotment
- Jan 2025 **$199K** UK share allotment
- Oct 2024 **$249K** UK share allotment
- Apr 2024 **$202K** UK share allotment
- Apr 2024 **$560K** UK share allotment
- Mar 2024 **$371K** UK share allotment
- Feb 2024 **$447K** UK share allotment
- Dec 2023 **$179K** UK share allotment
- Aug 2023 **$218K** UK share allotment
- Jun 2023 **$186K** UK share allotment
- Jun 2023 **$372K** UK share allotment
- May 2023 **$315K** UK share allotment
- Oct 2022 **$226K** UK share allotment
- Sept 2022 **$239K** UK share allotment
- May 2022 **$188K** UK share allotment
- May 2021 **$283K** UK share allotment

## Founders and team

From Lucida Medical's own website: 2 founders, 5 on the team.

**Dr Antony Rix** CEO and Co-Founder

**Professor Evis Sala** Co-Founder

- **Robin Barclay** Chief Operating Officer
- **Benita Prud’homme** VP Human Resources
- **Corina Cucuruzac** VP Sales & Marketing
- **Toby Davis** VP Engineering
- **Dr David Tuch** Chair of the Board

Advisers *Prof Anwar R. Padhani* *Prof Henrik Grönberg* *Prof Jochen Walz*

## 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** 2022 **Seed** 2023 **Seed** 2023 **Seed** 2023 **Round** 2024 **Seed** 2025 **Round** 2026 **Round** 2026 [Empirical Ventures](https://millionrounds.com/fund/empirical-ventures) L [Innovate UK](https://millionrounds.com/fund/innovate-uk) [The FSE Group](https://millionrounds.com/fund/the-fse-group) [XTX Ventures](https://millionrounds.com/fund/xtx-ventures)

## Everyone who backed them

[Empirical Ventures](https://millionrounds.com/fund/empirical-ventures) VC firm **1** round, led 1

[Innovate UK](https://millionrounds.com/fund/innovate-uk) VC firm **1** round

[The FSE Group](https://millionrounds.com/fund/the-fse-group) VC firm **1** round

[XTX Ventures](https://millionrounds.com/fund/xtx-ventures) Company **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=lucida-medical).

## Also claim to have backed them

These 4 firms list Lucida Medical 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.

[IW Capital](https://millionrounds.com/fund/iw-capital) VC firm Per its own site

[Oxford Innovation Finance](https://millionrounds.com/fund/oxford-innovation-finance) Angel network Per its own site

[Proven Connect](https://millionrounds.com/fund/proven-connect) Company Per its own site

[SURREY INVESTORS CLUB LIMITED](https://millionrounds.com/fund/surrey-investors-club-limited) Angel network Per its own site

## Quick answers about Lucida Medical

### Who invested in Lucida Medical?

Lucida Medical's investors include Empirical Ventures, Innovate UK, The FSE Group and XTX Ventures.

### How much has Lucida Medical raised?

Lucida Medical has raised $17M across 10 rounds since 2021.

### When did Lucida Medical last raise?

Lucida Medical's most recent round, $688K, was in Sept 2026.

### What was Lucida Medical's biggest round?

Lucida Medical's largest round on record is $12M, in Mar 2026, led by Empirical Ventures.

### Who backed Lucida Medical first?

Lucida Medical's first round on record, in Mar 2025, was backed by Innovate UK, The FSE Group and XTX Ventures.

### What stage is Lucida Medical at?

Lucida Medical's latest named round is a Seed, in Mar 2025.

### Where is Lucida Medical based?

Lucida Medical is based in the United Kingdom.

### Who led Lucida Medical's rounds?

Empirical Ventures led the funding round in 2026.

## Companies like Lucida Medical

In the same sector, and raised in the last eighteen months.

[**Coherence Neuro** $55M · Oct 2026](https://millionrounds.com/company/coherence-neuro)[**Marrow** $2.0M · Oct 2026](https://millionrounds.com/company/marrow)[**Cognitive Credit** $64M · Oct 2026](https://millionrounds.com/company/cognitive-credit)[**Opply** $23M · Oct 2026](https://millionrounds.com/company/opply)[**HydRegen** $12M · Oct 2026](https://millionrounds.com/company/hydregen)[**Respiratory Analytics** $2.8M · Oct 2026](https://millionrounds.com/company/respiratory-analytics)

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