# Lucy Holdings Pte

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

- Industry: Software
- Headquarters: Singapore, Singapore
- Website: www.welucy.com
- Total disclosed funding: $1.7M
- Latest round: Seed (Jun 24, 2022)
- Investors on record: 3

## About

Based in Singapore, Lucy Holdings develops innovative software solutions designed to enhance efficiency and streamline workflows for mid to large-sized enterprises across various sectors.Lucy Holdings Pte Ltd, founded in 2020 in Singapore, focuses on creating advanced software applications for diverse industries. The company has completed two deals, with its latest funding round, a Seed round, raising USD 1.66 mn in June 2022 from EmergeVest and others. The current CEO is Debbie Watkins.The company specializes in providing innovative solutions tailored to meet the needs of its diverse client base. Its core product offerings encompass advanced software applications designed to enhance operational efficiency and streamline workflows in various sectors. These solutions have been developed to address specific industry challenges, enabling end-users to optimize their processes and achieve greater productivity. The primary customers include mid to large-sized enterprises operating in sectors such as manufacturing, healthcare, and finance. These products are sold across key markets, including North America, Europe, and parts of Asia, ensuring a broad reach and impact in addressing the needs of global clients.The company generates revenue through a structured transaction framework that includes both subscription-based models and direct sales to consumers. Its flagship products are offered under a tiered pricing strategy, allowing clients to choose from various plans that align with their operational requirements and budget considerations. For instance, business clients may opt for an annual subscription, which provides comprehensive access to the software solutions along with customer support services. The direct sales model is also prevalent, particularly for clients seeking one-time purchases of specialized software tools. This combination of revenue streams underpins the company’s financial stability and growth trajectory in the competitive marketplace.In June 2022, Lucy Holdings raised USD 1.66 mn in Seed funding led by EmergeVest, which will be utilized to enhance technology development and expand the team in Singapore. The funding will support the impending launch of its maiden product, targeting further growth in its market presence.

## Funding rounds

- Seed, Jun 24, 2022, $1.7M — EmergeVest, Saffron Hill Pte. Ltd., Stem Innovations

## Investors

- EmergeVest (https://capitalatlas.ai/funds/emergevest) — Seed
- Saffron Hill Pte. Ltd. — Seed
- Stem Innovations — Seed