Lucid Capital Closes $2.5M Seed With $200M Commitments for AI Trading

UAE-based fintech Lucid Capital closed a $2.5 million seed round led by Tharawat Holding. Founded in the US in 2022, Lucid Capital specializes in AI-driven algorithmic trading and has since relocated its operational base to the UAE.

Beyond the equity round, Lucid Capital secured $200 million in capital commitments from financial institutions for deployment across US equities and digital asset markets. The platform uses AI models with adaptive frequency control for real-time trade execution.

The funding will support expansion of trading strategies and AI research capabilities, underscoring the UAE's growing role as a base for sophisticated fintech operations targeting global capital markets.