Weave Raises $15.5M In Series B Funding

Today’s funding further supports our vision that unified communication tools can be a reality for today’s successful small businesses.

Lehi-based Weave has raised $15.5 million in Series B funding led by Crosslink Capital, with participation from Pelion Ventures, Peak Ventures, A Capital, Y Combinator, Initialized Capital, Geoff Ralston, and Joe Montana.

“Communication platforms are vital to any customer-facing industry and the SMB market has been woefully left behind as existing solutions are built for Fortune 500-size enterprises. We are filling a unique market need by helping small businesses better serve their customers,” Brandon Rodman, CEO of Weave, said in a statement. “Today’s funding further supports our vision that unified communication tools can be a reality for today’s successful small businesses.”

Last time we checked in on Weave, they were preparing for ample growth. That growth has officially arrived, combining with 2014’s $5 million Series A round to give them the financial means necessary to pursue the lofty goals of startup adulthood. In addition to the funding, David Silverman (Partner at Crosslink Capital) and Blake Modersitzki (Managing Director at Pelion Ventures) will be joining Weave’s Board of Directors.

“Weave has identified a hugely underserved market as small and medium-sized businesses clamor for a unified communication solution,” Silverman said. “We’re thrilled to support Weave at this critical time of growth and believe the company is pioneering a new industry that will create an enduring, successful business.”

Published 11/3/2015