Lucid secures $60m in funding

US – Market research software company Lucid has announced a $60m minority investment led by North Bridge Growth Equity. 

Patrick Comer crop

The company was originally launched as Federated Sample, but rebranded as Lucid in 2015 to support its full product suite of Federated Sample, Fulcrum (an automated sample marketplace), and Proof (digital marketing and advertising measurement). 

“Lucid has tripled in size and revenue since the beginning of 2015, and we continue to see phenomenal momentum and growth since we started the company seven years ago. I have continued to be impressed with the calibre of the team that we have built and their ability to build disruptive, market- leading products and deliver exceptional service,” said Patrick Comer, CEO and founder of Lucid (pictured).

“This financing allows Lucid to further invest in our team, build solutions and provide support to our clients at a pace the supersedes our competitors and lead the industry.” 

We hope you enjoyed this article.
Research Live is published by MRS.

The Market Research Society (MRS) exists to promote and protect the research sector, showcasing how research delivers impact for businesses and government.

Members of MRS enjoy many benefits including tailoured policy guidance, discounts on training and conferences, and access to member-only content.

For example, there's an archive of winning case studies from over a decade of MRS Awards.

Find out more about the benefits of joining MRS here.

0 Comments


Display name

Email

Join the discussion

Newsletter
Stay connected with the latest insights and trends...
Sign Up
Latest From MRS

Our latest training courses

Our new 2025 training programme is now launched as part of the development offered within the MRS Global Insight Academy

See all training

Specialist conferences

Our one-day conferences cover topics including CX and UX, Semiotics, B2B, Finance, AI and Leaders' Forums.

See all conferences

MRS reports on AI

MRS has published a three-part series on how generative AI is impacting the research sector, including synthetic respondents and challenges to adoption.

See the reports

Progress faster...
with MRS 
membership

Mentoring

CPD/recognition

Webinars

Codeline

Discounts