About Weave
Weave is a company based in Provo (United States) founded in 2008. It operates as a SaaS (Software-as-a-Service), and Subscription Services. Weave has raised $156.09 million across 5 funding rounds from investors including Bessemer Venture Partners, FundersClub and Tiger Global. The company has 854 employees as of December 31, 2024. Weave has completed 1 acquisition, including TrueLark. Weave offers products and services including Weave Platform, Call Intelligence, and Text-to-Pay. Weave operates in a competitive market with competitors including RingCentral, Constant Contact, Adobe, HubSpot and Freshworks, among others.
- Headquarter Provo, United States
- Employees 854 as on 31 Dec, 2024
- Stage Public
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Sectors
HealthcareTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Weave Communications, Inc.
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Annual Revenue
$204.31 M19.85as on Dec 31, 2024
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Net Profit
$-28.35 M8.65as on Dec 31, 2024
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EBITDA
$-2.53 M60.29as on Dec 31, 2024
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Total Equity Funding
$156.09 M (USD)
in 5 rounds
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Latest Funding Round
$70 M (USD), Series D
Nov 04, 2019
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Investors
Bessemer Venture Partners
& 13 more
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Employee Count
854
as on Dec 31, 2024
- Investments & Acquisitions
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IPO & Listings of Weave
Weave is a publicly listed company on the NYSE with ticker symbol WEAV in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Weave
Weave offers a comprehensive portfolio of products and services, including Weave Platform, Call Intelligence, and Text-to-Pay. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
An all-in-one platform for small business communication.
AI-driven insights from call data are provided.
Payment collection is simplified through text messaging.
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Leadership Team
93 people
Software Development Team
73 people
Sales and Marketing
49 people
Human Resources and Administration
11 people
Onboarding Team
9 people
Senior Team
6 people
Operations Team
6 people
Data Analysis and Operations Team
5 people
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Funding Insights of Weave
Weave has successfully raised a total of $156.09M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $70 million completed in November 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series D — $70.0M
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First Round
First Round
(16 Jun 2014)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2019 | Amount | Series D - Weave | Valuation | Tiger Global Management | |
| Mar, 2019 | Amount | Series C - Weave | Valuation |
investors |
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| Oct, 2017 | Amount | Series B - Weave | Valuation | Catalyst Investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Weave
Weave has secured backing from 14 investors, including venture fund and institutional investors. Prominent investors backing the company include Bessemer Venture Partners, FundersClub and Tiger Global. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Growth equity venture capital firm
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Founded Year | Domain | Location | |
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Weave
Weave has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include TrueLark. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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AI-powered solutions are provided for scheduling, customer service, and marketing.
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2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Weave
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Weave Comparisons
Competitors of Weave
Weave operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as RingCentral, Constant Contact, Adobe, HubSpot and Freshworks, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based unified communication solutions are offered to diverse sectors.
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| domain | founded_year | HQ Location |
Multi-channel online marketing tools are provided for small businesses.
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| domain | founded_year | HQ Location |
AI-powered platform manages marketing creatives and customer journeys.
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| domain | founded_year | HQ Location |
Provider of AI-powered customer relationship management software
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| domain | founded_year | HQ Location |
Cloud-based business process management suite solutions are delivered.
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| domain | founded_year | HQ Location |
Cloud-based unified communication solutions including voice and video are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Weave
Frequently Asked Questions about Weave
When was Weave founded?
Weave was founded in 2008 and raised its 1st funding round 6 years after it was founded.
Where is Weave located?
Weave is headquartered in Provo, United States. It is registered at Provo, Utah, United States.
Is Weave a funded company?
Weave is a funded company, having raised a total of $156.09M across 5 funding rounds to date. The company's 1st funding round was a Series B of $19.76M, raised on Jun 16, 2014.
How many employees does Weave have?
As of Dec 31, 2024, the latest employee count at Weave is 854.
What is the annual revenue of Weave?
Annual revenue of Weave is $204.31M as on Dec 31, 2024.
What does Weave do?
Weave is established as a comprehensive communication platform tailored for small businesses, particularly in healthcare practices. Solutions are provided to attract, engage, and retain patients through AI-powered tools and a unified system. The platform integrates phone systems, texting, reminders, payments, and analytics to enhance patient experiences and optimize operations. Sectors such as healthcare are primarily served, with features like Call Intelligence, automated reminders, and flexible payment options being offered. Growth for single or multi-location practices is supported by real-time insights and efficient workflows.
Who are the top competitors of Weave?
Weave's top competitors include HubSpot, Constant Contact and Adobe.
What products or services does Weave offer?
Weave offers Weave Platform, Call Intelligence, and Text-to-Pay.
Is Weave publicly traded?
Yes, Weave is publicly traded on NYSE under the ticker symbol WEAV.
How many acquisitions has Weave made?
Weave has made 1 acquisition, including TrueLark.
Who are Weave's investors?
Weave has 14 investors. Key investors include Bessemer Venture Partners, FundersClub, Tiger Global, Catalyst Investors, and Crosslink Capital.
What is Weave's ticker symbol?
The ticker symbol of Weave is WEAV on NYSE.
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