Lucidworks was founded in 2007 by Grant Ingersoll and Yonik Seeley. In 2019, CEO Will Hayes told reporters that an IPO could be on the table in the next two or three years. In 2022, the company announced two new appointments to its board of directors during what Hayes described as "a critical moment of transformation."
Lucidworks offers AI-powered search engines for enterprises that help deliver targeted results to customers. The company acquired Twigkit in 2017, followed by Cirrus10 in 2020. Lucidworks has raised more than $200 million in venture capital funding from investors including Francisco Partners, Sixth Street Partners, Top Tier Capital Partners, Shasta Ventures, Granite Ventures, and Walden International. The company was valued at $370 million after a Series F funding round raised $100 million in 2019.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
08/12/2019 | Series F | $55MM | $xx.xx | $374.62MM | Francisco Partners, TPG Sixth Street Partners, Top Tier Capital Partners, Shasta Ventures, Granite Ventures, Allegis Cyber | |
Price per Share
$xx.xx
Shares Outstanding
13,684,997
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Francisco Partners, TPG Sixth Street Partners, Top Tier Capital Partners, Shasta Ventures, Granite Ventures, Allegis Cyber
|
||||||
05/03/2018 | Series E | $25MM | $xx.xx | $133.85MM | Top Tier Capital Partners, Silver Lake Waterman | |
Price per Share
$xx.xx
Shares Outstanding
14,015,525
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Top Tier Capital Partners, Silver Lake Waterman
|
||||||
11/18/2015 | Series D | $15.58MM | $xx.xx | $43.67MM | Allegis Capital, Shasta Ventures, Granite Ventures | |
Price per Share
$xx.xx
Shares Outstanding
20,112,272
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Allegis Capital, Shasta Ventures, Granite Ventures
|
||||||
05/13/2013 | Series C | $18.25MM | $xx.xx | $30.51MM | Shasta Ventures, Granite Ventures, Walden International | |
Price per Share
$xx.xx
Shares Outstanding
17,670,288
Liquidation Pref Order
1
Liquidation Pref As Multiplier
0.8x
Conversion Ratio
1.0x
Dividend Rate
600.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Shasta Ventures, Granite Ventures, Walden International
|
||||||
03/10/2010 | Series B | $16.07MM | $xx.xx | $37.9MM | Shasta Ventures, Granite Ventures, Walden International | |
Price per Share
$xx.xx
Shares Outstanding
2,923,944
Liquidation Pref Order
1
Liquidation Pref As Multiplier
0.3x
Conversion Ratio
1.0x
Dividend Rate
200.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Shasta Ventures, Granite Ventures, Walden International
|
||||||
09/26/2008 | Series A | $6.75MM | $xx.xx | $15.01MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
1,558,339
Liquidation Pref Order
1
Liquidation Pref As Multiplier
0.3x
Conversion Ratio
1.0x
Dividend Rate
200.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|