Weave, a Lehi, UT-based provider of communication platform for small and medium businesses (SMBs) that syncs with existing CRM and EMR, raised $15.5m in Series B funding.
The round, which brought total funding to date to $22m, was led by Crosslink Capital with participation from Pelion Ventures and Peak Capital as well as existing investors A Capital, Y Combinator, Initialized Capital, Geoff Ralston and Joe Montana. In conjunction with the funding, David Silverman, partner at Crosslink Capital, and Blake Modersitzki, managing director at Pelion Capital, joined Weave’s Board.
The company intends to use the funds to make investments in its technology (combining multiple forms of communication into a unified platform while integrating customer data from CRM and business management software) and grow the business with the entire SMB market.
Led by Brandon Rodman, CEO, Weave provides a communication platform for small and medium-sized businesses to consolidate VoIP calling, SMS text messaging, and emailing into a single desktop service, allowing them to manage their customer messaging. The solution syncs with existing CRM (Customer Relationship Management) and EMR (Electronic Medical Record) software. The customer base now counts more than 2,000 dental and orthodontic practices across the United States and Canada.
FinSMEs
03/11/2015