Weave, a Lehi, Utah-based customer experience management (CXM) platform, completed a $37.5m Series C funding.
The round was led by growth equity firm Lead Edge Capital, with participation from existing investors Bessemer Venture Partners, Catalyst Investors, Crosslink Capital and Pelion Venture Partners. As a part of the investment deal, Lead Edge Capital partner Nimay Mehta also has joined Weave’s Board of Directors as an observer.
The company intends to use the funds to double its workforce in the next year, expand into existing markets (dental, optometry and medical) and into new markets.
Launched in 2014 by Brandon Rodman, CEO, Weave provides a CXM platform featuring SMS, email, marketing capabilities and a proprietary VoIP phone service to create customer interactions using personalized customer information across all communication channels and enable businesses to improve relationships with the people they serve.