This Utah tech startup, led by Black CEO, just went public. Here’s why that’s a big deal for Black representation in business.
Is Weave a publicly traded company?
Roy Banks, Weave CEO, joins ‘TechCheck’ to discuss what Weave is and how the company operates. Banks explains details around Weave and what some of his hopes are for veterans.
When did Weave go public?
Weave is a Lehi-based patient communication platform for the medical and dental industry. The company’s funding history prior to its November 11th IPO, from Crunchbase, includes: a $70M series D round in October 2019 after it had doubled its revenue in 2018 and grew from 300 employees to 550+.
Is Weave Communications a good buy?
Weave Communications has received a consensus rating of Buy.
How much is Weave worth?
Weave Communications sets IPO terms, to be valued at up to nearly $1.8 billion.
What happened to Brandon Rodman and Weave?
Rodman was replaced as CEO in July 2020, but it was only five months ago that he stepped away from Weave entirely, resigning from his position as both Chairman and board member.
Who is the CEO of Weave?
Roy Banks is Chief Executive Officer at Weave. A pioneer in digital payments, Roy has 20 years of experience in high-tech software development, e-commerce, internet marketing and payment processing. Roy most recently served as CEO Partner at Tritium Partners.
How long has Weave been in business?
The company was founded in 2011 and fully bootstrapped until enrolling in the Silicon Valley accelerator program five years ago. Since then, it has raised a total of $156 million in private funding, tripling its valuation with the latest infusion of capital.
Will podium go public?
Recall that Podium felt cheap during its last raise, given its revenue base and $1.5 billion price tag. … The lack of hard financial results makes Podium’s upcoming IPO — Bloomberg quotes an investor in the company saying that it will “definitely” go public — all the more curious.
How much money has weave raised?
Lehi, Utah-based Weave Communications priced its stock at $24/share yesterday, sold 5 million shares of stock on the New York Stock Exchange (NYSE:WEAV), and raised $120 million in the process in its Initial Public Offering (net of any transaction fees).
What does the company weave do?
Weave got its start in 2008, launching as a platform designed to integrate with health care providers’ existing customer relationship management software and “enable businesses to form stronger relationships with the people they serve.” Weave provides tools that include text messaging, email, marketing capabilities and …