Total amount raised
CA$3.6 Millions
Latest funding date
08/01/2022
Location
LUCID has successfully raised $3 million in a funding round aimed at transforming music into a therapeutic tool for Alzheimer's patients. The company's latest innovation, Resonance Rx, is a mental health platform designed to assist older adults dealing with anxiety, depression, and agitation.
Keep reading to explore the intricacies of LUCID's fundraising journey and the investors backing this innovative platform.
What Is LUCID?
LUCID operates in the digital health and therapeutics industry, focusing on transforming music into medicine through AI-personalized solutions. Their flagship product, Resonance Rx, aims to assist older adults dealing with anxiety, depression, and agitation.
Founded by Aaron Labbé, LUCID collaborates with leading research institutions to scientifically validate their digital therapeutics. The company has garnered attention from major media outlets like CNN and has received endorsements from various professionals in the field.
How Much Funding Has LUCID Raised?
- Pre-Seed Round
- Amount Raised: $2.4M USD
- Date: August 2022
- Lead Investors: Amplify Capital
- Angel Round
- Amount Raised: $190K USD
- Date: May 2020
- Angel Round
- Amount Raised: $150K USD
- Date: September 2019
In total, LUCID has raised $2.74M USD across all funding rounds.
Key Investors
- Amplify Capital
- Details: Amplify Capital is a venture capital firm that invests in early-stage companies with a focus on social impact. They aim to support businesses that address significant societal challenges.
- Investment Focus Areas: Healthcare, Education, Clean Technology
- Notable Investments: Maple, Top Hat, Miovision
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