|[September 07, 2017]
Weave Closes $17 Million Series B-1 Funding Led by Catalyst Investors
Communications, Inc., a unified patient communication technology
platform, completed a $17 million Series B-1 funding led by growth
equity firm Catalyst
Investors. Existing investors Crosslink Capital and Pelion Venture
Partners participated in the round. The new capital will help expand
go-to-market efforts and continue product and network development.
Catalyst partner Tyler Newton has joined Weave's Board of Directors.
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Weave provides voice, SMS, email and marketing services to dental and
optometry offices. Its unified communications as a service (UCaaS)
product combines VoIP phone service with a customer service application
that integrates with customer data from existing practice management
software to help manage patient reminders, initiate phone calls, engage
in two-way texting, solicit customer revews and other customer
relationship management functions. The company serves more than 3,600
dentists and optometrists across the country.
"We built Weave on the belief that doctor-patient relationships matter.
Our technology makes running a practice's front office easy and
strengthens the interaction with patients," said Brandon Rodman, CEO and
founder of Weave. "Catalyst is an ideal partner to help expand our
customer base given the team's extensive experience with SaaS (News - Alert) and
communications businesses and its domain expertise in the SMB and
"With Weave's rapid growth and excellent product set, the company is a
natural fit with our investment strategy and in particular our interest
in vertical SaaS applications for small and medium-sized businesses,"
said Newton. "We look forward to working with Weave's dynamic and
talented team as they ramp up their penetration within the health care
and wellness markets."
Weave launched in 2014 to help bring local dental offices closer to the
patients they serve by combining patient information with modern
communication tools. In the last three years, Weave has diversified its
service offerings and grown into other industries. Weave is backed by Y
Combinator, SV Angel, A Capital, Homebrew, Crosslink Capital, Pelion
Ventures, and Catalyst Investors. For more information, visit www.getweave.com.
About Catalyst Investors
Catalyst Investors is a growth equity firm founded in 2000. Catalyst's
mission is to earn superior returns by helping entrepreneurs build great
growth companies. Catalyst employs a rigorous top-down research focus
that seeks to identify investment opportunities in companies and
industries that will exhibit strong revenue growth. The firm works in
true partnership with talented management teams to build long-term
value. Past and present Catalyst portfolio companies include SaaS-based
businesses (Ascentis, Fusion Risk Management, Jobvite, MessageLabs,
MINDBODY (News - Alert)), Healthcare IT (Clinicient, PresenceLearning),
AdTech/Marketing (Conductor, MediaMath, Videology, WeddingWire) and
Internet Infrastructure (InSite Wireless Group, Latisys, Xplornet). For
more information, visit www.catalyst.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170907005346/en/
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