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.

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To learn more about LucidWorks potential IPO

Will LucidWorks go IPO?

LucidWorks has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2024.

What is LucidWorks’ IPO price?

The LucidWorks IPO price does not exist at this time, as LucidWorks is still a private company and has not yet conducted an IPO. To explore secondary market data and access private market pricing details and data that may be related to LucidWorks register for Forge Markets, today.

When was LucidWorks founded?

LucidWorks was founded in 2007.

What is LucidWorks funding to date?

LucidWorks has raised $136.66MM to date.

Who are LucidWorks’s major investors?

Shasta Ventures
Francisco Partners
Founders Equity Partners
Granite Ventures
Walden International

LucidWorks Funding Rounds and Valuation

Funding History Chart
Funding Round Details
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
Updated on: Nov 21, 2024

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