# LUCID

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

- Industry: Software
- Headquarters: Toronto, Canada
- Website: www.thelucidproject.ca
- Total disclosed funding: $2.5M
- Latest round: Seed (Aug 12, 2022)
- Investors on record: 7

## About

Based in Canada, and founded in 2017 by Zach MaMahon (CEO), Aaron Labbe, and Zoe Thomson, LUCID, Inc. provides its support to get relief from stress, anxiety, burnout, and many more through music. In August 2022, the firm raised CAD 3.14 million in seed funding led by investor Amplify Capital, with participation from other investors Consortium MEDTEQ, Hunter Family Foundation, Leva Capital, and many others.

The firm offers personalized, AI-curated playlists of songs to improve the mental health of its customers. The company offering includes digital health which includes a customizable API that includes audio streaming and user measurement tools. Additionally, the company offers digital therapeutics for various issues like depression, nausea, chronic pain, and many others. Furthermore, the firm provides digital therapy for Alzheimer’s. 

The company plans to use the August 2022 funding to focus on the research and development of its product offerings.

## Funding rounds

- Seed, Aug 12, 2022, $2.5M — Ontario Centre of Innovation, Relentless Pursuit Partners, Amplify Capital, MEDTEQ+, Leva Capital, Reverb Ventures, Hunter Family Foundation

## Investors

- Ontario Centre of Innovation (https://capitalatlas.ai/funds/ontario-centre-of-innovation) — Seed
- Relentless Pursuit Partners (https://capitalatlas.ai/funds/relentless-pursuit-partners) — Seed
- Amplify Capital (https://capitalatlas.ai/funds/amplify-capital) — Seed
- MEDTEQ+ — Seed
- Leva Capital (https://capitalatlas.ai/funds/leva-capital) — Seed
- Reverb Ventures — Seed
- Hunter Family Foundation — Seed