Lucidchart Secures $72 Million in Funding Round

Cloud-based visual productivity platform Lucidchart closed a $72 million funding round from new investors Meritech Capital and ICONIQ Capital, and existing partner Spectrum Equity. This brings Lucidchart’s total funding to date to $114 million.

With 15 million users, Lucidchart is designed to help anyone—from students to software developers to HR professionals to salespeople—create simple flowcharts to intricate data-driven diagrams on any device, ensuring clarity of thought and communication that drives rapid innovation.

The company plans to use the funding to accelerate its growth and product development.