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Announced

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Alkeon Capital, Tiger Global and STEADFAST Capital Ventures completed a $500m investment in Lucid.

Synopsis

Alkeon Capital, a privately owned registered investment adviser, Tiger Global, an investment firm, and STEADFAST Capital, an investment firm, completed a $500m investment in Lucid, a provider of visual collaboration software. "We are incredibly fortunate to have experienced unprecedented growth over the last year. The need for visual collaboration is increasing as companies seek out sustainable, efficient practices that will help hybrid teams over the long term. Our visual collaboration suite is a critical element in the future of work, and we're excited for the opportunity ahead as visual collaboration becomes an even more important part of how teams in every department, and across every industry, get work done," Karl Sun,Lucid Co-Founder and CEO.

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