What is Weave?
Weave operates as a comprehensive healthcare technology provider, offering an all-in-one customer experience and payments platform tailored for small and medium-sized healthcare businesses. The platform serves as a digital bridge across the entire patient journey, encompassing initial scheduling, automated communication, reputation management, and secure payment processing. By consolidating these disparate functions into a single, cohesive system, Weave effectively reduces administrative overhead and enhances operational efficiency for medical practices. Its market position is defined by its ability to integrate critical front-office tasks, thereby improving patient engagement and practice profitability in an increasingly digitized healthcare landscape.
How much funding has Weave raised?
Weave has raised a total of $136.4M across 5 funding rounds:
Other Financing Round
$120K
Series A
$6M
Series B
$22.8M
Series C
$37.5M
Series D
$70M
Other Financing Round (2014): $120K with participation from Y Combinator
Series A (2014): $6M led by Fuel Capital, A Capital, Y Combinator, SV Angel, Initialized Capital, and Homebrew
Series B (2015): $22.8M supported by Pelion Ventures, Peak Capital, Initialized Capital, Crosslink Capital, A Capital, and Y Combinator
Series C (2018): $37.5M featuring Lead Edge, Crosslink Capital, Pelion Venture Partners, Catalyst Investors, and Bessemer Venture Partners
Series D (2019): $70M backed by Lead Edge Capital Management, Bessemer, TriplePoint Venture Growth BDC, Catalyst, Crosslink, and Pelion
Key Investors in Weave
Lead Edge Capital Management
A growth equity investment firm focused on investing in private and public software, internet, consumer, and tech-enabled services businesses on a global scale.
Crosslink Capital
An investment firm that partners with ambitious early-stage founders to build category-defining companies, boasting a proprietary network of over 2,000 founders and CEOs.
Y Combinator
A premier startup accelerator and seed funding provider based in Mountain View, California, known for supporting high-growth technology businesses.
What's next for Weave?
With the support of its latest $70M financing, Weave is well-positioned to accelerate its product roadmap and deepen its penetration within the healthcare SaaS market. The company is expected to focus on enhancing its analytics capabilities and expanding its payment infrastructure to meet the evolving needs of modern medical practices. As the healthcare industry continues to prioritize digital transformation, Weave's strategic focus will likely remain on scaling its platform to support a broader range of specialties while maintaining its commitment to reducing administrative friction. The continued backing from top-tier venture capital and growth equity firms provides the necessary stability and strategic guidance to navigate the competitive landscape and drive long-term value for its stakeholders.
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