We are delighted to have participated in Lucidlink’s $20m Series B round along Headline

Image by LucidLink

We are delighted to have participated in Lucidlink‘s $20m Series B round along Headline, Baseline Ventures and Top Tier Capital Partners.

The latest funding comes after a year of tremendous success for LucidLink that includes sustained 12% month-over-month growth resulting in over 400% revenue increase, 154% net customer retention and a doubling of its workforce. During this period, LucidLink also benefited from a 400% increase in storage capacity. In addition, LucidLink Filespaces was recognized with the NAB Product of the Year Award – Cloud Computing and Storage for 2022.

“The progress we’ve made in growing the business over the past year proves LucidLink’s unique approach in solving the market need for a cloud-native file service targeting hybrid and remote collaboration – especially when dealing with big files and large sets of data,” said Peter Thompson, co-founder and CEO, LucidLink. “We are ready to hit the accelerator and can think of no better partners with whom to do this than the investors we already have on board.”

The phenomenal performance of LucidLink to date reflects a strong product market fit and wide technical lead in the cloud native remote collaboration space.  The $20 million investment will fuel a number of growth priorities for LucidLink – including the expansion of sales, marketing, and development teams.

Full press release

In the media » Venture Beat, Business Insider, The Recursive