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- Envoy
Envoy Valuation, Funding & Investors
Envoy is valued at $1.4B as of December 2021.
Last Envoy valuation
$1.4B
Series C · Dec 2021
Last Envoy funding round
$111M
Series C · Dec 2021
Cumulative funding Envoy raised
$170M
across 4 funding rounds
Key investors in Envoy
Andreessen Horowitz
Initialized Capital
Menlo Ventures
Haystack
Graph Ventures
Seven Seven Six
About Envoy
Envoy is a San Francisco-based workplace management platform that streamlines visitor sign-ins, deliveries, and office experiences in over 13,000 global locations. The company's Visitors product handles more than 100,000 daily sign-ins with digital check-ins, badge printing, and compliance tools, while Deliveries manages package tracking to prevent mailroom backlogs. Trusted by Slack, Asana, Pinterest, and Warby Parker, Envoy integrates with access control systems to enhance security and guest welcomes in hybrid work environments.
Founded
2013
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$1.4B (Dec 2021)
Envoy Valuation
Envoy is currently valued at $1.4B, based on its Series C in December 2021.
The $111M round was led by Brookfield Growth, with participation from Menlo Ventures, Seven Seven Six, Initialized Capital, Haystack, Andreessen Horowitz and 2 other investors.
Envoy valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Dec 2021 | Series C | $1.4B |
Envoy Funding History
Envoy has raised a total of $170M across 4 funding rounds.
Envoy's first fundraising round was a $1M seed round in December 2013. The most recent completed round was a $111M Series C in December 2021.
Envoy funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2021 | Series C | Brookfield Growth (lead); Menlo Ventures; Seven Seven Six; Initialized Capital; Haystack; Andreessen Horowitz; BAM Elevate; TriplePoint Capital | $111M | $1.4B | Envoy is a workplace management platform that transitioned from visitor sign-in systems to hybrid workplace tools. The company raised $111 million in a Series C-II round on January 11, 2022, at a post-money valuation of $1.4 billion. This brought total funding raised to $203.5 million across 7 disclosed rounds. The round was led by Brookfield Asset Management (Brookfield Growth) and included co-investors Andreessen Horowitz, BAM Elevate, Elad Gil, Haystack, Initialized Capital, Menlo Ventures, Seven Seven Six, TriplePoint Capital, and undisclosed investors. |
| Oct 2018 | Series B | Menlo Ventures (lead); Initialized Capital; Andreessen Horowitz; Biz Stone | $43M | - | Envoy is a San Francisco-based workplace platform specializing in visitor management and office digitization solutions, enabling businesses to manage visitors at lobbies, sign-ins, and expand into smarter office features like meeting room booking. The company raised $43 million in its Series B funding round on October 23, 2018, led by Menlo Ventures, with participation from existing investors Andreessen Horowitz and Initialized Capital, bringing total funding to $59.5 million after a $15 million Series A in 2015 and $1.5 million seed. Seed investors included Marc Benioff, Gary Tan, and Alexis Ohanian. At the time of the Series B, Envoy served 10,000 daily companies across 72 countries, including Yelp, Mailchimp, and Rakuten, with over 32 million total visitor sign-ins and 100,000 daily sign-ins reported in some coverage. The 100-person team planned to use the capital to expand products toward an 'office OS' platform, challenging workplace status quo by addressing security, efficiency, and employee experience beyond front desks. Envoy continued growth post-2018, reaching over 16,000 workplaces globally by 2021 amid hybrid work demands. |
| Jun 2015 | Series A | Andreessen Horowitz (lead) | $15M | - | Envoy raised $15 million in its Series A funding round on June 23, 2015, led by Andreessen Horowitz. The company, founded in 2013 by Larry Gadea, develops an iPad app to digitize office visitor sign-ins, aiming to replace traditional lobby sign-in books. This followed a seed round of $1.15 million in December 2013 led by Initialized Capital partners Gary Tan and Alexis Ohanian, along with Marc Benioff. The Series A funding supported expansion of the product offering and growth of the customer base across industries. Envoy reported strong adoption with minimal customer churn, primarily due to bankruptcies or acquisitions. The company positioned itself to evolve into a central hub for smart office functions beyond visitor management. Envoy has since raised additional rounds, including a Series B in 2018 and a Series C in late 2021 totaling around $111 million, reaching a total of over $170 million in funding. |
| Dec 2013 | Seed | Adam D’Angelo; Graph Ventures; Jeremy Stoppelman; Garry Tan; Razmig Hovaghimian; Initialized Capital; Haystack; Bobby Goodlatte; Kent Liu; Blake Krikorian; Alexis Ohanian; Javier Olivan | $1M | - | - |
Who has invested in Envoy?
19 investors have backed Envoy across its funding rounds, including Andreessen Horowitz, Initialized Capital, Menlo Ventures, Haystack, Graph Ventures and Seven Seven Six.
Lead investors include Brookfield Growth, Menlo Ventures and Andreessen Horowitz.
Envoy Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Dec 2013 | ||
| 3 | Lead | Jun 2015 | ||
| 2 | Lead | Oct 2018 | ||
| 2 | Participant | Dec 2013 | ||
| 1 | Participant | Dec 2013 | ||
| 1 | Participant | Dec 2013 | ||
| 1 | Participant | Dec 2013 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Participant | Dec 2013 | ||
| 1 | Participant | Dec 2013 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Participant | Dec 2013 | ||
| 1 | Participant | Dec 2021 | ||
This data is available for Pro users. Sign up to see all 19 Envoy investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Envoy
Envoy has acquired 2 companies to date.
Last acquisition by Envoy was on September 15th 2022. Envoy acquired Worksphere for undisclosed valuation.
Latest Acquisitions by Envoy
| Description | Worksphere is a platform for managing hybrid workplaces through automated desk reservations and team scheduling. The service delivers usage analytics to optimize office footprints for companies balancing in-office and remote arrangements. Headquartered in the United States, Worksphere equips organizations with tools to track space utilization and adapt real estate decisions based on employee patterns. | OfficeTogether is a software developer creating desk reservation and team scheduling applications tailored for hybrid remote workforces to coordinate office attendance and resource allocation. |
| HQ Country | ||
| HQ City | Seattle, WA | San Francisco, CA |
| Deal Date | 15 Sep 2022 | 2 Aug 2022 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Envoy acquisitions and their M&A valuation multiples. Start Free Trial | ||
Envoy Competitors
Envoy competitors include listed companies like Wondershare, Ireader and Weaver Network, and private ones like airSlate, Genspark and Instabase.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $229M | ($6M) | $1.4B | 6.4x | ||
| Publicly listed | $484M | ($16M) | $1.5B | 3.5x | ||
| Private | - | - | $1.3B | - | ||
| Private | $50M | - | $1.3B | 25.0x | ||
| Private | $50M | - | $1.2B | 24.8x | ||
| Publicly listed | $341M | $43M | $1.6B | 4.2x |
Envoy Public Comps
Envoy is still privately-owned, but its public comps include Wondershare, Ireader, Opera, Weaver Network, Open Up Group, Matrix Design Co., BrightView, McMillan Shakespeare, Wintech Nano (Suzhou) Co and Planisware.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $229M | ($6M) | 6.3x | 6.4x | (231.3x) | (175.1x) | |||
| $484M | ($16M) | 2.7x | 3.5x | (81.1x) | - | |||
| $615M | $141M | 2.4x | 2.1x | 10.5x | 9.2x | |||
| $341M | $43M | 4.4x | 4.2x | 34.6x | 28.3x | |||
| $1.2B | $121M | 0.8x | 1.0x | 8.4x | 8.3x | |||
| $110M | $12M | 7.7x | 7.2x | 69.8x | - | |||
| $2.7B | $307M | 0.9x | 0.9x | 8.0x | 7.2x | |||
| $336M | $179M | 4.5x | 3.5x | 8.4x | 11.4x | |||
This data is available for Pro users. Sign up to see all Envoy competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Envoy
| When was Envoy founded? | Envoy was founded in 2013. |
| Where is Envoy headquartered? | Envoy is headquartered in San Francisco, CA, United States. |
| Is Envoy publicly listed? | No, Envoy is a private, VC-backed company. |
| What is Envoy's valuation? | Envoy was last valued at $1.4B in its Series C in December 2021. |
| How much funding has Envoy raised? | Envoy has raised $170M across 4 funding rounds. |
| What was Envoy's last funding round? | Envoy's last funding round was a $111M Series C in December 2021, led by Brookfield Growth. |
| Who are Envoy's investors? | Envoy's investors include Initialized Capital, Andreessen Horowitz, Menlo Ventures, Haystack, Adam D’Angelo, Graph Ventures, Jeremy Stoppelman, Seven Seven Six, Garry Tan, Razmig Hovaghimian and 9 others. |
| Which companies are comparable to Envoy? | Companies comparable to Envoy include Wondershare, Ireader, airSlate, Genspark, Instabase and Weaver Network. |
| How many companies has Envoy acquired? | Envoy has acquired 2 companies, including Worksphere and OfficeTogether. |
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