Lucid Capital
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Investment Portfolio


Conduct
19 Jun 2026
Conduct unlocks £45m Series A led by Index Ventures and ICONIQ to accelerate transformation of enterprise software systems
Conduct is an AI operating system for enterprise software that ingests custom code, configuration, and dependencies to build a single operating layer linking each step of a business process to the code that implements it. The platform enables business and IT teams to work together to transform complex, highly customised enterprise systems faster and at lower cost.


Conduct
18 Sept 2025
Conduct emerges from stealth with £9m seed led by Creandum to transform ERP operations with AI agents
Conduct builds AI agents that help large organisations understand and modernise complex ERP systems, giving teams visibility into business logic, incidents and migration risks.
Lucid Capital
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