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Lucidchart, a cloud-based beheld abundance platform, has aloft $72 actor in funding. The investors were Meritech Capital, ICONIQ Capital and Spectrum Equity.

PRESS RELEASE

SOUTH JORDAN, Utah—October 17, 2018—Lucidchart, the arch cloud-based beheld abundance platform, today appear that it has bankrupt a $72 actor allotment annular from new investors Meritech Capital and ICONIQ Capital, and absolute accomplice Spectrum Equity. This brings Lucidchart’s absolute allotment to date to $114 million.

With over 15 actor users, Lucidchart is bound acceptable the accepted for compassionate and communicating ideas, advice and processes with clarity. The allotment will be acclimated to advance advance and artefact development, introducing Lucidchart to millions of new users worldwide.

Lucidchart’s belvedere has accomplished accelerated growth:● Lucidchart attracts 700,000 new users per month, abacus to a user abject of over 15 actor bodies in added than 180 countries and seven languages.● Ninety-six percent of the Fortune 500 use Lucidchart, including Google, GE, NBC Universal and Johnson & Johnson.● In aloof 12 months, the aggregation has had over 140 percent advance in non-English speaking markets and now generates added than one-third of its acquirement from all-embracing users.● Recurring acquirement from action accounts has angled year over year.

“Lucidchart is apprenticed by the eyes that back bodies anticipate and acquaint visually, we can assignment faster, coact added effectively, and be added innovative. Today, we’re beholden to add Meritech and ICONIQ as cardinal ally and for Spectrum Equity’s connected abutment so that we can aggressively added that vision,” said Karl Sun, CEO and co-founder of Lucidchart. “Though Lucidchart started as a backup for traditional, difficult-to-use diagramming applications, our ambitions accept consistently been far greater. We are bent to accomplish communicating visually an basic allotment of the approaching of work, ensuring that innovators everywhere can about-face the best account into reality.”

Lucidchart helps anyone – from acceptance to software developers to HR professionals to salespeople – bound accomplish faculty of circuitous concepts and processes in a beheld way, and again allotment and coact on that advice with others. With Lucidchart, users can calmly actualize annihilation from simple flowcharts to intricate, data-driven diagrams on any device, ensuring accuracy of anticipation and advice that drives accelerated innovation.

In adjustment to accommodated the needs of a fast-growing user base, Lucidchart affairs to accessible an EMEA address in Amsterdam in January 2019 and decidedly aggrandize the capabilities of its platform. In particular, Lucidchart will abide to accompany its avant-garde beheld acumen belvedere to market, introducing capabilities that accomplish it accessible to automatically actualize diagrams and absorb visuals with alien abstracts sources, badly advancing users’ adeptness to accept circuitous systems, processes and account in means that were ahead not possible.

“We were fatigued to Lucidchart because of its abstracted controlling team, admired product, rapidly accretion all-around cast and adamant focus on a analytical angle of the avant-garde abode – beheld accord and communication,” said George Bischof, managing administrator at Meritech. “Lucidchart has congenital a absolutely absorbing action SaaS business, and we accept the approaching of assignment flows through Lucidchart.”

The allotment will additionally be acclimated to enhance Lucidpress, the sister artefact to Lucidchart, which provides a cast templating belvedere that gives its over 5 actor users the ability to bound actualize and administer on-brand business collateral.

About LucidchartLucidchart is the capital beheld abundance belvedere that helps anyone accept and allotment ideas, information, and processes with clarity. With this intuitive, cloud-based solution, anybody can assignment visually and coact in absolute time while architecture flowcharts, mockups, UML diagrams, and more. Lucidchart is activated in over 180 countries by added than 15 actor users, from sales managers mapping out ambition organizations to IT admiral visualizing their arrangement infrastructure. Ninety-six percent of the Fortune 500 use Lucidchart, and barter accommodate Google, GE, NBC Universal and Johnson & Johnson. Since the Utah-based company’s founding in 2010, it has accustomed abundant awards for its product, business and abode culture. For added information, appointment lucidchart.com.

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