Weave Analysis: $108M Raised
What is Weave?
Weave is a communication platform that integrates a phone system with AI-driven tools. Their approach combines various communication methods to enhance patient engagement and streamline operations. This results in improved practice growth and patient retention for healthcare providers.
Employees
501-1000
Founded
2008
Industry
SaaS, HealthTech, AI/ML
Latest Funding Round Size
Series D
Parent Company Website
Public Company Status
Public
Recent Venture Round Amount
$70,000,000
Product Features & Capabilities
- AI-powered call intelligence for actionable insights
- Automated appointment reminders to reduce no-shows
- Text-to-pay options for faster payments
- Bulk texting and emailing for patient outreach
- Voicemail transcription for efficient communication.
Use Cases
Engage patients through automated reminders and texts; Analyze call data to identify revenue opportunities; Streamline appointment scheduling with online requests; Manage patient reviews efficiently with AI responses; Facilitate payments through multiple options.
How much Weave raised
Series C - $37.5 million
December 6, 2018Lead Investor: Lead Edge Capital, Bessemer Venture Partners, Catalyst Investors, Crosslink Capital, Pelion Venture Partners
Series D - $70 million
October 24, 2019Lead Investor: Tiger Global Management, Catalyst, Bessemer, Crosslink, Pelion, LeadEdge
Other Considerations
No long-term contracts required for service; Offers month-to-month billing; Utilizes AI to enhance operational efficiency.
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Financial Overview
$108MTotal Raised
Series C$37.5 million
December 6, 2018
Investors: Lead Edge Capital, Bessemer Venture Partners, Catalyst Investors, Crosslink Capital, Pelion Venture Partners
Series D$70 million
October 24, 2019
Investors: Tiger Global Management, Catalyst, Bessemer, Crosslink, Pelion, LeadEdge