Lucid Capital closes a $2.5 million seed round led by Tharawat Holding as it scales its investment platform and builds regulatory ready financial infrastructure.
Lucid Capital has closed a $2.5 million seed funding round led by Tharawat Holding, marking an early institutional milestone for the AI-driven fintech company as it scales its quantitative trading platform.
Founded in 2022 by Hamad Aldighrir, Ye Gu, and San X., Lucid Capital operates from the UAE and focuses on AI-powered algorithmic trading and quantitative investment strategies across public markets. The company applies machine learning models and autonomous trading agents to execute and optimize strategies across multiple asset classes, including equities and digital assets, according to details shared with Wamda.
In addition to the equity seed round, Lucid Capital has secured approximately $200 million in capital commitments from institutional investors and accredited individuals to deploy its trading strategies at scale. These commitments are intended to support live trading operations rather than corporate expenses, allowing the company to separate platform development capital from strategy deployment capital.
Lucid’s platform is designed to operate in high-frequency and volatile market environments, using AI models that dynamically adapt to changing market conditions and optimize real-time execution. The company’s approach reflects a broader trend in global fintech, where algorithmic and quantitative strategies are increasingly driven by artificial intelligence rather than static rule-based systems.
The round was led by Tharawat Holding, a Saudi-based investment group with diversified interests across asset management, financial services, and strategic investments. Tharawat has been an active investor in platforms aligned with Saudi Arabia’s long-term economic diversification goals under Vision 2030.
Seed funding rounds of this size typically support infrastructure build-out, regulatory readiness, and core technology development. According to guidance published by Carta, seed capital is often the first institutional round that enables startups to professionalize operations and prepare for later-stage fundraising.
Lucid Capital’s funding comes amid continued momentum for fintech and AI-driven startups in the region. Data from MAGNiTT shows that Saudi Arabia and the UAE remain among the most active venture markets in the Middle East and North Africa by deal count, with fintech consistently ranking as one of the top sectors for early-stage investment.
With seed capital secured and significant capital commitments in place, Lucid Capital is now positioned to focus on execution, regulatory engagement, and performance validation as it scales its AI-powered trading strategies across global markets.
