Lucida AI Raises €6.1 Mn in Seed Round led by Velocity Capital

The company will use the funding to add support for more languages, expand into new markets, improve its AI technology, grow its enterprise platform, and speed up product development.

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The funding round was led by Velocity Capital, with participation from Next Tier Ventures, Look AI Ventures, Bogazici Ventures, Yapı Kredi Frwrd Ventures, and Ünlü & Co. The round follows an earlier €1.09 million ($1.25 million) pre-Seed investment, bringing Lucida AI's total funding to €7.24 million ($8.25 million).

“AI is becoming a global race, and meaningful innovation is no longer tied to a single geography. With this round, we’ve partnered with investors who share our long-term vision. Our focus is clear: building a scalable, speech-native AI platform that powers global communication,” says Mustafa Girgin and M. Sait Demirci, co-founders of Lucida AI.

“Lucida AI possesses the characteristics of the types of businesses that the Velocity EIS Technology Fund looks to invest in: a strong management team; capital efficiency; data-driven; international application; significant growth in a growing market, with a broad and mixed​ customer base. We are delighted to join the team on their journey,” adds Thomas Lindup, COO at Velocity Capital.

Founded in 2024, Lucida AI is an AI-powered language learning platform for both individuals and businesses. It helps users improve their pronunciation, speaking skills, and confidence through real-time conversations with AI and instant feedback.

Users can speak naturally with the AI without typing, using complicated tools, or following scripted lessons. The platform acts as a personal AI language coach, making it easier to practice and improve real-life communication skills.