What is Lucid Sight?
Founded in 2015 by serial entrepreneurs Randy Saaf, Octavio Herrera, and Fazri Zubair, Lucid Sight is a game development studio recognized for its pioneering work with cutting-edge technologies such as virtual reality (VR) and blockchain. The company has a diverse portfolio of titles developed across multiple platforms, including PlayStation, iOS, Android, Oculus VR, and PC. Notable first-party games include MLB Champions, CSC, HeroCade, and Polyrunner. The founding team's prior success includes co-founding Jirbo, which led to the development of the premium ad network AdColony. Saaf and Herrera also hold board positions at AppOnboard, the creator of the no-code game engine Buildbox.
How much funding has Lucid Sight raised?
Lucid Sight has raised a total of $12.3M across 4 funding rounds:
Series A
$3.5M
Unspecified
$6M
Debt
$350K
Other Financing Round
$2.5M
Series A (2016): $3.5M with participation from Salem Partners
Unspecified (2019): $6M led by Salem Partners, Frontier Venture Capital, Animoca Brands, Breakaway Growth, The Galaxy EOS VC Fund, and Digital Currency Group
Debt (2020): $350K supported by PPP
Other Financing Round (2021): $2.5M, investors not publicly disclosed
Key Investors in Lucid Sight
Salem Partners
Salem Partners is an independent boutique investment bank and wealth management firm based in Los Angeles, specializing in tailored financial solutions across investment banking and wealth management. Founded in 1997, the firm prioritizes trust, integrity, and long-term growth, serving a select group of entrepreneurial clients with a focus on personalized strategies and fiduciary commitment.
Frontier Venture Capital
Frontier Venture Capital is a company that operates in the Venture Capital & Private Equity industry. It employs 10to19 people and has 1Mto5M of revenue.
Digital Currency Group
Digital Currency Group is a holding company focused on accelerating the development of a better financial system through investments in bitcoin and blockchain companies. They are a significant investor in the digital currency industry and also own and operate Genesis Trading and Grayscale Investments.
What's next for Lucid Sight?
The recent strategic investment positions Lucid Sight for accelerated growth and further innovation in the immersive technology space. With a history of developing games on the forefront of VR and blockchain, this capital infusion is expected to fuel the expansion of their existing game franchises and the development of new, technologically advanced gaming experiences. The company's enterprise-level backing suggests a focus on scaling operations, potentially exploring new market opportunities, and solidifying its position as a leader in next-generation game development.
See full Lucid Sight company page
