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CMX Startup Weave Raises $37.5 Million in Series C

CMX Startup Weave Raises $37.5 Million in Series C
Credit: getweave.com

Weave, a customer experience management (CXM) platform, completed a $37.5 million Series C funding round led by growth equity firm Lead Edge Capital, with participation from existing investors Bessemer Venture Partners, Catalyst Investors, Crosslink Capital, and Pelion Venture Partners. This investment will be used to accelerate current growth, which according to the company amounted to 100 percent in 2018.

With the new funding, Weave plans to accelerate its small and medium-sized business marketplace growth and double its workforce. In addition, the company plans to double down on existing markets (dental, optometry and medical) while expanding into new markets.