Client Work

Lucid, Inc. closes C$3.14 million seed financing round

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Overview

Client

Lucid, Inc.

On June 30, 2022, Lucid, Inc. ("LUCID"), a Toronto-based tech startup that offers personalized music playlists curated by artificial intelligence (AI) to help with mental wellness, closed a C$3.14 million seed financing round led by Amplify Capital.

The funding is aimed at fuelling more clinical research and developing a prescription digital therapeutic focused on reducing agitation and anxiety in dementia care.

Fasken acted for LUCID with a team led by Will Shaw that included Chris Dittrich and Alec Mcllwraith-Black.

Jurisdiction

  • Ontario

Team

  • Will Shaw, Partner | Co-leader, Technology, Media and Telecommunications and Co-leader, Emerging Technology, Toronto, ON, +1 416 865 4554, wshaw@fasken.com
  • Chris Dittrich, Partner | Emerging Technology & Venture Capital, Toronto, ON, +1 416 868 3363, cdittrich@fasken.com
  • Alec McIlwraith-Black, Associate | Emerging Technology & Venture Capital, Toronto, ON, +1 416 868 3468, amcIlwraith-black@fasken.com
Will Shaw Toronto Lawyer Will Shaw Partner | Co-leader, Technology, Media and Telecommunications and Co-leader, Emerging Technology Toronto, ON +1 416 865 4554
Chris Dittrich Toronto Lawyer Chris Dittrich Partner | Emerging Technology & Venture Capital Toronto, ON +1 416 868 3363
Alec McIlwraith-Black Toronto Lawyer Alec McIlwraith-Black Associate | Emerging Technology & Venture Capital Toronto, ON +1 416 868 3468