Telephony company Weave completed a new equity offering

For more information and other transactions visit
XDATA – November 2nd 2015
Weave issued equity for a total of $22.41 million in a non-brokered investment round. The transaction which started on October 16th, garnered the support of sixteen investors. Until this disclosure Weave had raised an estimated $5.98 million in unregistered securities via one previous financing round.
Weave develops a smart application embedded in a next generation phone that synchronizes dental practice customer relation management software with telephone service. The services will automatically provide information to the receptionist about the caller as well as a task list such as scheduling the next cleaning appointment. Investors include A Capital, Homebrew, Fuel Capital, SV Angel, Y Combinator and Initialized Capital.
Weave, registered in 2015, is headquartered in Lehi UT. It is led by Brandon Rodman (President and CEO). Revenues were not disclosed.
The executive team includes Clint Berry and Jared S Rodman.
The board of directors includes Blake Modersitzki and David Silverman.

The company has raised an estimated total of $28.28 million via private unregistered security offerings.

Weave is registered under the name Weave Communications.

Offering recap
Status: Completed
Company: Weave
Industry: Business Services
Amount offered: $22.41 million
Amount placed: $22.29 million
SEC filing: Source
First sale: 10-16-2015
Data as of: 10-30-2015

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