Riyadh – Sharikat Mubasher: Lucid Capital, a fintech firm focused on AI-driven algorithmic trading, announced the closing of a $2.5 million seed funding round led by Tharawat Holding, with participation from Singular Link.
As per a recent press release, the newly raised funds will be directed toward strengthening Lucid Capital’s core technology, expanding its proprietary AI research, and reinforcing its trading infrastructure. The company aims to apply its strategies across US equities and digital asset markets, reflecting a dual focus on traditional financial instruments and cryptocurrencies.
Alongside the equity raise, Lucid Capital also secured $200 million in capital commitments from a group of financial institutions and accredited investors. The additional capital is intended to support the deployment of the firm’s trading strategies at scale, providing the liquidity needed to operate across high-volume markets.
This round marks a key milestone for the company as it scales its technology and expands its presence in global financial markets.
Founded in the United States in 2022 and now headquartered in the UAE, Lucid Capital was established by Hamad Aldighrir, Ye Gu, and San X. The company develops quantitative investment strategies that combine artificial intelligence with advanced market analytics, targeting complex and fast-moving asset classes.
Lucid Capital’s platform relies on autonomous AI agents capable of adapting to real-time market conditions, improving execution efficiency and risk management. With fresh funding and substantial capital backing, the firm is positioning itself for its next phase of growth as it deepens institutional partnerships and expands globally.
