M&A Deal Summary

Umbrella Network Acquires Lucidity

On September 23, 2021, Umbrella Network acquired marketing company Lucidity

Acquisition Highlights
  • This is Umbrella Network’s 1st transaction in the Marketing sector.
  • This is Umbrella Network’s 1st transaction in the United States.

M&A Deal Summary

Date 2021-09-23
Target Lucidity
Sector Marketing
Buyer(s) Umbrella Network
Deal Type Add-on Acquisition

Target

Lucidity

United States
Lucidity is a blockchain-based digital advertising oracle. Lucidity is based in United States.

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Buyer(S) 1

Buyer

Umbrella Network

Grand Cayman, Cayman Islands

website


Category Company
Sector Information Technology
DESCRIPTION

Umbrella Network is a community-owned Layer-2 oracle network that batches data for providing low-cost, scalable, and secure data. It utilizes the advances in Merkle tree technology to write multiple data points on a single on-chain transaction, making batching data to smart contracts more accurate and cost-effective. Umbrella Network is based in Grand Cayman, Cayman Islands.


DEAL STATS #
Overall 1 of 1
Sector (Marketing) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1