# Lucid Holdings

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lucid-holdings

- Industry: Software
- Headquarters: New Orleans, US
- Website: www.luc.id
- Total disclosed funding: $2.8M
- Latest round: Series A (Nov 8, 2011)
- Investors on record: 2

## About

Lucid Holdings, LLC is a provider of technology solutions for market and survey research, connecting businesses with respondents globally through its advanced digital platforms.Founded in 2010 and headquartered in New Orleans, US, Lucid Holdings, LLC operates within the market research sector. The company has been involved in key business operations that include a strategic acquisition by Cint Group AB in October 2021 for USD 1.07 billion, enhancing its capabilities in tech-enabled market insights. The founders, Arjun Sharma, Jason Wilson, and Patrick Comer, have a history of entrepreneurship, with Patrick Comer serving as the CEO.Cint™ operates as the world’s largest global research marketplace, offering a suite of products designed to connect businesses with survey respondents across 130 countries. Their core product, the Cint Exchange, facilitates programmatic access to millions of respondents, enabling companies to gather real-time insights and data that inform marketing and business decisions. This platform is utilized by over 4,000 clients, including insights-driven companies, who rely on Cint's technology to efficiently target specific demographics—ranging from broad consumer bases to niche audiences. Cint's offerings are integrated with over 800 suppliers, ensuring comprehensive access to diverse respondent panels. The primary markets for these products are concentrated in regions such as North America, Europe, and Asia-Pacific.Cint generates revenue through a transactional structure that includes B2B partnerships and direct sales of its flagship offerings, such as the Cint Exchange and Lucid Measurement. Clients typically engage with the platform via subscription models, paying for access to specific features and respondent panels based on their research requirements. The revenue model supports real-time data collection and reporting, allowing clients to conduct market research efficiently while garnering actionable insights. Various pricing plans are structured to accommodate differing client needs, ensuring flexibility and scalability within their research projects. Overall, Cint's products are tailored to enhance data-driven decision-making processes for businesses across multiple industries.Following its acquisition by Cint Group AB, Lucid Holdings, LLC aims to enhance its product offerings by integrating more tech-enabled solutions, allowing customers to gain deeper insights into their target markets. The recent funding of USD 1.07 billion will support these initiatives, focusing on the development of new products and expanding into additional markets. Specific regions targeted for expansion include Europe and Asia-Pacific, with plans to enhance operations by 2023.

## Funding rounds

- Series A, Nov 8, 2011, $2.8M — Sopris Venture Capital, Voodoo Ventures

## Investors

- Sopris Venture Capital (https://capitalatlas.ai/funds/sopris-venture-capital) — Series A
- Voodoo Ventures (https://capitalatlas.ai/funds/voodoo-ventures) — Series A