# Lucid VR

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

- Industry: Software
- Headquarters: Santa Clara, US
- Website: www.lucidcam.com
- Total disclosed funding: $2.1M
- Latest round: Seed (Apr 13, 2016)
- Investors on record: 5

## About

Lucid VR Inc. is an innovative company specializing in the development of advanced virtual reality technology, focusing on immersive experiences and high-quality video capture solutions.Founded in 2014 and headquartered in Santa Clara, US, Lucid VR Inc. creates technology designed to enhance virtual reality experiences. The company raised USD 2.1 mn in Seed funding on April 13, 2016, with investments from Lab360 Hardware Incubator, S2 Capital, TSVC, and Wistron Corporation. Adam Rowell, the founder, has focused on advancing VR technology, contributing to the company's mission.Lucid VR Inc. provides cutting-edge virtual reality solutions aimed at transforming how users experience immersive environments. Their offerings include merchandise designed for high-quality video capture, enabling users to engage in lifelike interactions and experiences within the virtual reality space.Lucid VR Inc. generates revenue through sales of its virtual reality products, primarily focusing on direct transactions with consumers. The company's business model supports ongoing engagement and retention through innovative features and quality offerings in the virtual reality market.Following its recent Seed funding round, Lucid VR Inc. plans to allocate the USD 2.1 mn raised to enhance product development and expand its market reach. Upcoming initiatives include the launch of new VR technologies and solutions targeting both consumer and commercial sectors by 2017. The company aims to penetrate new geographical markets beyond the US, with a focus on growing demand in Asia and Europe.

## Funding rounds

- Seed, Apr 13, 2016, $2.1M — TSVC, Wistron Corporation, S2 Capital, Lab360 Hardware Incubator
- Seed, Mar 1, 2015 — Astia Angels

## Investors

- Astia Angels (https://capitalatlas.ai/funds/astia-angels) — Seed
- TSVC (https://capitalatlas.ai/funds/tsvc) — Seed
- Wistron Corporation — Seed
- S2 Capital (https://capitalatlas.ai/funds/s2-capital) — Seed
- Lab360 Hardware Incubator (https://capitalatlas.ai/funds/lab360-hardware-incubator) — Seed