LucidLink Valuation, Funding & Investors
LucidLink is valued at $200M as of May 2022.
Last LucidLink valuation
$200M
Series B · May 2022
Last LucidLink funding round
$75M
Series C · Nov 2023
Cumulative funding LucidLink raised
$115M
across 5 funding rounds
Key investors in LucidLink
Baseline Ventures
Headline
BrightCap Ventures
Bain Capital Ventures
S28 Capital
Top Tier Capital Partners
About LucidLink
LucidLink is a developer of cloud-native file services designed for distributed creative teams handling large shared datasets. Its Filespaces platform delivers secure, high-performance access to object storage like AWS S3, enabling real-time collaboration on video editing, 3D rendering, and VFX workflows without traditional NAS limitations. The service scales for petabyte-scale projects while maintaining POSIX compliance and low-latency performance.
Founded
2016
HQ
San Francisco, CAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$200M (May 2022)
LucidLink Valuation
LucidLink is currently valued at $200M, based on its Series B in May 2022.
The $20M round was led by Headline, with participation from BrightCap Ventures, Top Tier Capital Partners and Baseline Ventures.
LucidLink's valuation has grown 11x from $18M at its seed round in June 2018 to $200M in May 2022, across 2 priced rounds.
LucidLink valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| May 2022 | Series B | $200M |
| Jun 2018 | Seed | $18M |
LucidLink Funding History
LucidLink has raised a total of $115M across 5 funding rounds.
LucidLink's first fundraising round was a $2M seed round in December 2016. The most recent completed round was a $75M Series C in November 2023.
LucidLink funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2023 | Series C | Brighton Park Capital (lead); Baseline Ventures; Adobe Ventures; Headline | $75M | - | LucidLink is a cloud-based SaaS platform that enables instant access to data and real-time collaboration on large files, performing like a local disk without downloading or syncing, targeted at creative professionals in hybrid and remote work environments. Customers include Adobe, A&E Networks, Whirlpool, Shopify, Buzzfeed, Spotify, Hollywood studios, broadcasters, ad agencies, architectural firms, and gaming companies, collaborating on over one billion files across 40 countries. Founded in 2016 by George Dochev and Peter Thompson, the US-Bulgarian startup announced a $75 million Series C funding round on November 20, 2023, led by Brighton Park Capital with participation from existing investors Headline, Baseline Ventures, and Adobe Ventures; the round included secondaries and brought total funding to $90 million. Over the past two years prior to the round, LucidLink achieved exceptional growth with annual recurring revenue (ARR) increasing by nearly 5x and platform users growing by over 4x, despite a challenging market. The funding will support accelerated product and engineering development, customer acquisition, expansion into new verticals and geographies, and ambitious product updates to enhance technology leadership and personalized experiences for creative teams. Brighton Park Capital, a Greenwich-based firm focused on growth-stage software companies, highlighted LucidLink's indispensable solution for real-time cloud collaboration and its diverse customer base as key strengths positioning it for future growth. This marked the largest funding round for a Bulgarian company in 2023 and one of the biggest in CEE, underscoring LucidLink's momentum in the storage collaboration space. |
| May 2022 | Series B | Headline (lead); BrightCap Ventures; Top Tier Capital Partners; Baseline Ventures | $20M | $200M | LucidLink is a Bulgarian-American software company developing a cloud-based platform for rapid communication, real-time collaboration, and file access, targeting hybrid creative teams in media, entertainment, advertising, gaming, architecture, and design. It enables instant access to files anywhere, supporting over one billion customer files across 40 countries, with customers including Adobe, A&E Networks, Buzzfeed, Spotify, Whirlpool, Shopify, and Hollywood studios. The platform uses a subscription-based SaaS model with usage-based pricing per active user per month, tiered plans, and all-in pricing bundling data egress costs for predictable billing; over 95% of income is recurring software revenue, with minor professional services contributions. In mid-2022, around May 17, LucidLink raised a $20 million Series B round led by Headline, with participation from Baseline Ventures, BrightCap Ventures (noted as previous investor), and Top Tier Capital Partners (aligned with described investors). This followed earlier financing, bringing total funding toward $115 million by late 2023. The post-money valuation was $200 million, as reported after this round. The funding supported growth amid remote work trends, with sustained 12% month-over-month growth prior. The Series B built on product-market fit from remote work normalization, enabling 5x productivity gains. It preceded the November 2023 Series C of $75 million led by Brighton Park Capital (with Headline, Baseline, Adobe Ventures), likely exceeding $500 million valuation, focusing on product updates, customer acquisition, and expansion into new verticals and geographies. |
| May 2021 | Series A | Headline (lead); BrightCap Ventures; Baseline Ventures; Adobe | $12M | - | LucidLink raised $12 million in a Series A funding round on May 19, 2021, led by Headline with participation from Adobe Ventures, Baseline Ventures, and BrightCap Ventures. The funding was aimed at accelerating product development and expanding into new verticals and geographies. LucidLink develops cloud file services technology that enables teams to stream data directly from the cloud without downloading or synchronizing files. |
| Jun 2018 | Seed | S28 Capital (lead); BrightCap Ventures; Fathom Capital; Baseline Ventures; Bain Capital Ventures | $6M | $18M | LucidLink raised $6 million in a seed extension round in June 2018 led by S28 Capital, with participation from Bain Capital Ventures, Baseline Ventures, BrightCap Ventures, and Fathom Capital. The funding aimed to expand the team and accelerate product development for its cloud-based file collaboration platform. This followed an initial $1.6 million seed round in December 2016 led by Baseline Ventures to build the MVP and establish market presence. LucidLink provides a SaaS solution for real-time collaboration on large files without downloading or syncing, targeting creative teams across operating systems like Windows, macOS, and Linux. The company is headquartered in San Francisco with an office in Sofia, Bulgaria, and remote employees globally. |
| Dec 2016 | Seed | Baseline Ventures (lead) | $2M | - | - |
Who has invested in LucidLink?
10 investors have backed LucidLink across its funding rounds, including Baseline Ventures, Headline, BrightCap Ventures, Bain Capital Ventures, S28 Capital and Top Tier Capital Partners.
Lead investors include Brighton Park Capital, Headline, S28 Capital and Baseline Ventures.
LucidLink Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 5 | Lead | Dec 2016 | |
 Amsterdam | 3 | Participant | Jun 2018 | |
| San Francisco, CA | 3 | Lead | May 2021 | |
| San Francisco, CA | 1 | Participant | May 2022 | |
| San Francisco, CA | 1 | Lead | Jun 2018 | |
| San Francisco, CA | 1 | Participant | Jun 2018 | |
| San Jose, CA | 1 | Participant | Nov 2023 | |
| Greenwich, CT | 1 | Lead | Nov 2023 | |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialLucidLink Competitors
LucidLink competitors include listed companies like TerraSky and Crexendo, and private ones like Cloudian, Inrupt, CyberHash and Impossible Cloud.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| San Francisco, CA | Private | - | - | $256M | - | |
| Boston, MA | Private | - | - | $140M | - | |
 Singapore | Private | - | - | $120M | - | |
 Hamburg | Private | $7M | - | $470M | 67.1x | |
 Japan | Publicly listed | $180M | $20M | $190M | 0.8x | |
| United States | Publicly listed | $68M | $8M | $190M | 2.0x |
LucidLink Public Comps
LucidLink is still privately-owned, but its public comps include QumulusAI, Beeks Group, TerraSky, Crexendo, Exascale Labs, Unisys, Radcom, One Stop Systems, DUG Technology and DHH.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $13M | $3M | 27.0x | - | 122.7x | - | |||
| $49M | $15M | 4.2x | 3.7x | 13.7x | 9.6x | |||
| $180M | $20M | 0.9x | 0.8x | 7.9x | - | |||
| $68M | $8M | 2.6x | 2.0x | 22.1x | 13.1x | |||
| $7M | ($8M) | 26.2x | - | (24.0x) | - | |||
| $2B | ($144M) | 0.3x | 0.3x | (4.4x) | 2.2x | |||
| $71M | $8M | 1.0x | 1.1x | 8.5x | - | |||
| $32M | ($2M) | 6.1x | 5.1x | (82.8x) | 472.9x | |||
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Common questions about LucidLink
| When was LucidLink founded? | LucidLink was founded in 2016. |
| Where is LucidLink headquartered? | LucidLink is headquartered in San Francisco, CA, United States. |
| Is LucidLink publicly listed? | No, LucidLink is a private, VC-backed company. |
| What is LucidLink's valuation? | LucidLink was last valued at $200M in its Series B in May 2022. |
| How much funding has LucidLink raised? | LucidLink has raised $115M across 5 funding rounds. |
| What was LucidLink's last funding round? | LucidLink's last funding round was a $75M Series C in November 2023, led by Brighton Park Capital. |
| Who are LucidLink's investors? | LucidLink's investors include Baseline Ventures, BrightCap Ventures, Headline, Top Tier Capital Partners, S28 Capital, Fathom Capital, Adobe Ventures, Brighton Park Capital, Bain Capital Ventures and Adobe. |
| Which companies are comparable to LucidLink? | Companies comparable to LucidLink include Cloudian, Inrupt, CyberHash, Impossible Cloud, TerraSky and Crexendo. |
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