As announced by the company Thursday, 鈥攚hich makes communicating with customers easier for businesses by integrating features like texting, phone service, fax and reviews鈥攈as raised a $70 million Series D.
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The new round brings Weave鈥檚 total funding to , according to 小蓝视频色情网页版. It is nearly a unicorn, with a valuation of $970 million, according to a statement from the company. The company last raised money in December 2018, when it brought home $37.5 million in its .
Weave鈥檚 value proposition to its customers is that it can remind customers of appointments, text back callers if the line is busy, and provide customer profiles to businesses when a customer calls the office, according to Weave鈥檚 website. For example: If a patient calls a dental office, Weave鈥檚 technology presumably would allow that dentist office to pull up their customer鈥檚 appointment history, upcoming appointments, missed payments, and other information all before the phone is answered. The company has more than 13,000 customers of its own, and proves useful for small and medium-sized businesses like dental offices and doctors offices.
With the new funding, Weave plans on improving its products and developing its international presence. Weave competes with companies like , , and .
The company doubled its revenue in 2018 and grew its Utah team from 300 employees at the beginning of the year to its current 550 employees, according to a statement from the company. Weave raised its pre-seed round in 2012 and its Series A in 2014.
鈥淲eave has some of the best retention numbers we’ve ever seen for an SMB (small and medium size business) SaaS company,鈥 Catalyst Investors partner Tyler Newton said in a statement. 鈥淲e’re continually impressed by their accelerated growth and results.鈥
The company, which was founded in 2011, counts , , , and among its investors. led the Series D round.
Weave is part of Utah鈥檚 burgeoning startup scene that includes and . It was also the first Utah-based company to join Y Combinator, according to Weave.
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