What is Weave?
Weave Communications, Inc. operates a sophisticated customer experience and payments software platform tailored for small and medium-sized healthcare businesses. By integrating essential tools such as unified phone systems, automated text messaging, and digital forms, the platform enables practitioners to optimize patient interactions and reduce manual administrative burdens. The company serves a diverse array of sectors, including dental, optometry, veterinary, and medical spa industries, providing actionable insights through its Practice Analytics and Call Intelligence modules. This comprehensive suite of services effectively bridges the gap between patient communication and operational efficiency, establishing Weave as a critical infrastructure provider in the modern 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 SV Angel, Y Combinator, Initialized Capital, Fuel Capital, A Capital, and Homebrew
Series B (2015): $22.8M supported by Crosslink Capital, Y Combinator, Pelion Ventures, A Capital, Initialized Capital, and Peak Capital
Series C (2018): $37.5M featuring Bessemer Venture Partners, Lead Edge, Catalyst Investors, Pelion Venture Partners, and Crosslink Capital
Series D (2019): $70M backed by Lead Edge Capital Management, Crosslink, Catalyst, Bessemer, Pelion, and TriplePoint Venture Growth BDC
Key Investors in Weave
Lead Edge Capital Management
Lead Edge Capital is a growth equity investment firm that focuses on investing in private and public software, internet, consumer, and tech-enabled services businesses on a global scale.
Crosslink Capital
Crosslink Capital is an investment firm that partners with ambitious early-stage founders to build category-defining companies, boasting a proprietary network of over 2,000 industry leaders.
Y Combinator
Established in 2005, Y Combinator is a premier accelerator that provides seed funding and strategic guidance to high-growth startup businesses.
What's next for Weave?
Looking ahead, the recent capital injection is expected to fuel further innovation in the company's software ecosystem, particularly in the realms of automated scheduling and insurance verification. As Weave Communications continues to scale, the focus will likely shift toward enhancing its payment processing capabilities and expanding its footprint in the broader medical specialty market. By leveraging its existing network of high-profile investors and its proven track record of operational excellence, the company is poised to maintain its competitive edge in the rapidly evolving health-tech sector. Future strategic initiatives will likely prioritize the integration of advanced data analytics to further improve treatment acceptance rates and overall revenue generation for its client base.
See full Weave company page
