Convex Raises $39M in Series B Funding

Convex, a San Francisco, CA-based software platform focused on digitizing the commercial services industry, raised $39m in Series B financing, bringing the total amount raised to date to $60m.

The round was led by Fifth Wall, Emergence Capital, and GGV with participation from UP2398, 1984 Ventures, Soma Capital, and former ServiceMax CEOs Scott Berg and David Yarnold.

The company, which previously raised $21m including $17M in Series A, and $4M in seed, intends to use the funds to expand hiring, scale its Atlas software platform, and develop new products.

Led by Charlie Warren, CEO and cofounder, Convex provides cloud-based software that equips those who have no preexisting knowledge of commercial services with the actionable insights they need to be productive immediately. Additionally, the platform gives managers increased visibility into organizing and directing their teams. These insights allow for precise coaching that further speeds up the learning process.

The system gives users a 360-degree view of more than 62 million commercial properties across the nation. The solution places previously-siloed data — building attributes, permit history, property ownership, customer information, asset details, tenant and contact information — in the context of the physical property. Data is visualized within 3D maps that are navigated by sales reps, managers, marketers, and executives both in-office and in the field. This platform, backed by workflow tools, allows teams to uncover and assess new opportunities; pre-qualify prospective clients; build and manage their pipeline; and win market share.