Weave Selects Roy Banks as New CEO

Weave Selects Roy Banks as New CEO

Catalyst portfolio company Weave, the complete business toolbox for service-based businesses and one of the fastest-growing companies in tech, named Roy Banks as its new Chief Executive Officer. Weave is growing rapidly and has been included the last two years on the Forbes Cloud 100, a ranking of the top 100 private cloud companies in the world. Also named to the Forbes 2020 Next Billion-Dollar Startups list and to the 2020 Inc. 5000 list of the most successful companies in America, the tech leader from Utah is expanding quickly and counts approximately 20,000 small and medium-sized businesses (SMBs) as customers.

Forbes.com | The Cloud 100

Catalyst portfolio company Weave is featured on The Cloud 100. Make no mistake: Covid-19 hasn’t slowed this group down. With a record combined value of about $270 billion and at least 87 companies valued at $1 billion or more—up from 65 a year ago—the Cloud 100 list is bigger and stronger than ever before.

Weave Raises $70 Million Round, Valuation Jumps by 3.2x in the Past 10 Months to $970 Million – Series D round led by Tiger Global Management

Weave, the leader in customer communication, today announced it has closed a $70 million series D funding round led by new Weave investor Tiger Global Management, with additional funding from current Weave investors including Catalyst, Bessemer, Crosslink, Pelion and LeadEdge.

Communication platform Weave’s mascots represent its three core values of being hungry, caring, and creative. The late-stage start-up raised a $70 million round–seeing a valuation jump by 3.2x in the past 10 months to $970 million.

Weave’s mission is to bring local businesses and the people they serve closer together. With an estimated 29 million small and medium businesses (SMB) in the U.S. alone, Weave’s unique set of consolidated business tools and impressive growth year over year, the company is disrupting and improving the way businesses work and communicate.

Weave Named To Forbes 2019 Cloud 100

Catalyst-backed Weave, the premier communication platform for small and medium-sized businesses, was named to the Forbes 2019 Cloud 100 list of the world’s best cloud companies. The definitive list ranking the top private cloud companies is published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures.

Weave Announces Text to Pay for Small Businesses, Future Plans For Integrated Communications Payment Platform

Catalyst portfolio company Weave announced a comprehensive payment platform designed to handle all payments in any small to medium-sized business. The innovation comes at a critical time as small businesses push to keep up with the on-demand climate of today’s consumers. Weave’s payment platform provides multiple ways for businesses to collect money and effortless ways for consumers to pay. 

Weave Raises $37.5M Series C Growth Round Led by Lead Edge Capital

Catalyst portfolio company Weave, a customer experience management (CXM) platform, raised an additional $37.5 million in a Series C funding round. Catalyst participated in the round led by Lead Edge Capital along with other existing investors Bessemer Venture Partners, Crosslink Capital and Pelion Venture Partners.

Catalyst leads $17M Series B-1 for Weave

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 reviews and other customer relationship management functions. The company serves more than 3,600 dentists and optometrists across the country.