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Lucid Commerce Nets Series A Venture Capital Round

Monday, June 16, 2008 5:31:00 AM PDT | VentureDeal Staff

Seattle, Washington -- On-demand company Lucid Commerce announced that it has received $2.5 million in its series A venture capital financing.

Lucid provides direct marketing enterprises with on-demand "business intelligence" that is a combination of automatic data consolidation, organization and analysis.

OVP Venture Partners led the round.  The company said the funding proceeds would be used to add capacity and to scale the company's operations to enable it to meet demand for its business intelligence services.

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