Lucidchart Secures $72 Million in Funding Round
October 22, 2018
5:15 pm
![Lucidchart Secures $72 Million in Funding Round](https://i0.wp.com/newscenter.io/wp-content/uploads/2018/10/Screen-Shot-2018-10-19-at-3.07.33-PM.png?fit=987%2C650&ssl=1)
Credit: lucidchart.com
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.