Weave Communications Acquisition, Valuation & Financials

Weave Communications was acquired by Francisco Partners for $650M in August 2026, a 2.7x multiple on $239M of revenue.

Weave Communications acquisition price

$650M

Acquired by Francisco Partners · Aug 2026

Weave Communications revenue at acquisition

$239M

Last twelve months · Aug 2026

Weave Communications revenue multiple at acquisition

2.7x

EV/Revenue · Aug 2026

Weave Communications EBITDA multiple before the deal

35.6x

EV/EBITDA · last month listed · Oct 2026

Weave Communications Overview

About Weave Communications

Weave Communications Inc is a customer experience and payments software platform tailored for SMB healthcare businesses, that revolutionizes patient interaction from initial contact to billing. It integrates diverse workflows into a unified solution, minimizing manual tasks and maximizing patient engagement. Weave democratizes enterprise-level communication tools, simplifying them for SMBs in a singular platform. Offering varied communication channels, appointment scheduling, payment processing, and more, enhances practitioner-patient relationships and optimizes practice operations. The company has a singular operating segment and revenue from subscription services.


Founded

2015

HQ

United StatesSalt Lake City, UT

Status

Acquired

Customer focus

B2B

Revenue model

Subscription

Revenue

$239M (Oct 2019)

Valuation

$970M (Oct 2019)

Weave Communications Acquisition

Weave Communications was acquired by Francisco Partners for $650M on 18 August 2026.

The acquisition price implies a 2.7x revenue multiple on $239M of revenue.

Before the acquisition Weave Communications had raised $167M across 7 funding rounds.

Francisco Partners agreed on August 18, 2026 to acquire Weave Communications, Inc. for an aggregate equity valuation of approximately $650 million. Weave stockholders will receive $7.40 per share in cash, representing a premium of approximately 34% to Weave’s unaffected closing stock price on August 17, 2026. The transaction takes Weave private and gives Francisco Partners control of an AI-powered patient engagement and payments platform focused on healthcare practices. The deal was presented as a strategic fit for a technology investor specializing in software and technology-enabled businesses, and it positions Weave to continue operating as a private company after the closing. Weave Communications, Inc. is a publicly traded healthcare software company on the NYSE under the ticker WEAV. It provides patient engagement and payments tools purpose-built for healthcare practices.

Weave Communications acquisition details
AcquirerDateTypePriceEV/Revenue
  • Francisco Partners
18 Aug 2026PE buyout$650M2.7x

Sources: franciscopartners.com, angelinvestorsnetwork.com

Weave Communications as a Public Company

Weave Communications traded as NYS: WEAV before it was taken private. Its acquisition was announced in August 2026. October 2026 is its last month on record as a listed company, with a market cap of $595M and an enterprise value of $568M.

Last-twelve-month revenue was $265M, with EBITDA of $16M (6% margin), and the shares traded at 2.1x EV/Revenue and 35.6x EV/EBITDA.

Over the 4 years before that, its market cap grew from $359M in October 2022 to $595M, while revenue grew from $137M to $265M.

Weave Communications market cap while listed

Weave Communications EV/Revenue (LTM) while listed

Weave Communications financials and trading multiples by year while listed
As ofMarket capRevenue (LTM)EBITDA (LTM)EBITDA marginEV/RevenueEV/EBITDA
Oct 2026$595M$265M$16M6%2.1x35.6x
Oct 2025$571M$233M$7M3%2.3x73.5x
Oct 2024$1B$198M$2M1%4.9x407.1x
Oct 2023$484M$162M($14M)-8%2.7x(32.5x)
Oct 2022$359M$137M($34M)-24%2.3x(9.3x)

Market cap, enterprise value and last-twelve-month figures are month-end values, up to the last month Weave Communications traded.

Weave Communications Valuation

Weave Communications is currently valued at $970M, based on its Series D in October 2019.

The $70M round was led by Tiger Global, with participation from Catalyst Investors, Lead Edge Capital, Future Shape, Stereo Capital, Bessemer Venture Partners and 3 other investors.

Weave Communications' valuation has grown 15x from $64M at its Series B in January 2016 to $970M in October 2019, across 2 priced rounds.

Weave Communications valuation by funding round

Revenue multiple
Weave Communications valuation by funding round
DateStageValuationRevenue Multiple
Oct 2019Series D$970M4.1x
Jan 2016Series B$64M-

Weave Communications Revenue

Weave Communications' latest recorded revenue is $239M, as of its Series D in October 2019. At a $970M valuation, that implies a 4.1x revenue multiple.

Weave Communications revenue by funding round

Weave Communications revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Oct 2019$239M$970M4.1xSeries D

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Weave Communications Funding History

Weave Communications has raised a total of $167M across 7 funding rounds.

Weave Communications' first fundraising round was a $1M seed round in January 2014. The most recent completed round was a $70M Series D in October 2019.

Weave Communications funding rounds

Weave Communications funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Oct 2019Series DTiger Global (lead); Catalyst Investors; Lead Edge Capital; Future Shape; Stereo Capital; Bessemer Venture Partners; Pelion Venture Partners; Crosslink Capital; Blue Cloud Ventures$70M$970MWeave Communications, a Lehi, Utah-based provider of a customer communication platform for service-based small and medium businesses (SMBs), closed a $70 million Series D funding round on October 24, 2019. The round was led by Tiger Global Management, with participation from existing investors including Bessemer Venture Partners, Catalyst Investors, Crosslink Capital, Lead Edge Capital, and Pelion Venture Partners. The post-money valuation reached $970 million, marking a 3.2x increase from 10 months prior, positioning Weave near unicorn status. The funding aims to expand Weave's product offerings, enhance international presence, grow the team, and invest in employee development. Weave's platform integrates features like texting, phone service, fax, and reviews to simplify customer communications for SMBs, targeting the estimated 29 million such businesses in the U.S. The company has raised approximately $160 million in total venture capital prior to this round from investors including Y Combinator, SV Angel, and others. This Series D follows earlier rounds: Series A ($5 million in 2014 led by Pelion), Series B ($17 million in 2016), building Weave's growth trajectory. Weave continued operations post-funding, eventually going public via IPO in November 2021 raising $120 million.
Dec 2018Series CLead Edge Capital (lead); Catalyst Investors; Bessemer Venture Partners; Pelion Venture Partners; Crosslink Capital$38M-Weave Communications, based in Lehi, Utah, provides a customer experience management (CXM) platform primarily for patient communications in dental, optometry, and other medical offices, integrating features like Voice Over IP, texting, and scheduling. The company announced a $37.5 million Series C funding round on December 6, 2018, led by Lead Edge Capital, with participation from existing investors Bessemer Venture Partners, Catalyst Investors, Crosslink Capital, and Pelion Venture Partners. This brought total funding to $82.6 million since its first customer in 2011 and Y Combinator acceptance in 2014. CEO Brandon Rodman stated that Weave's revenue grew more than 100 percent year-over-year in 2018, with thousands of customers paying $499 per month, but declined to provide specific figures. The funding aimed to accelerate growth, including doubling the employee base through referrals. Weave differentiates with its own VoIP service that replaces prior providers for lock-in and convenience, targeting small businesses while aspiring to broader sectors needing customer communication. Later rounds included a $70 million Series D in October 2019 led by Tiger Global Management at a post-money valuation of nearly $1 billion (or $970 million), with valuation jumping 3.2x in 10 months. Weave doubled revenue in 2018 per company statements, grew team to 550 employees by 2019, and reached over 13,000 customers. It went public in November 2021 at $1.8 billion implied valuation under ticker WEAV. SEC filings show 2019 revenue at $45.7 million (75% YoY growth from 2018) and negative Adjusted EBITDA of $(28.8) million.
Sep 2017Series BCatalyst Investors (lead); Initialized Capital; Pelion Venture Partners; Hack VC; Crosslink Capital$23M-Weave Communications is a customer communication platform for service-based small and medium-sized businesses (SMBs), offering tools like texting, phone service, fax, and reviews to improve business-client interactions. The company, based in Lehi, Utah, has raised funding from investors including Catalyst Investors, Crosslink Capital, Pelion Venture Partners, Initialized Capital, and others since its early stages, with participation from Y Combinator and Peak Capital in prior rounds. A later Series D in October 2019 raised $70M led by Tiger Global Management at a post-money valuation of $970M (or nearly $1B), with participation from existing investors like Catalyst, Crosslink, Pelion, and Bessemer, highlighting 3.2x valuation growth in 10 months and plans for product expansion, international growth, and team building. Weave emphasized strong employee retention and growth in the SMB SaaS space targeting 29 million U.S. SMBs. Post-2017 financials show revenue growth: $45.7M in 2019 and $79.9M in 2020 (75% YoY), with $34.7M and $53.7M for H1 2020 and H1 2021 (55% YoY). The company went public on NYSE (WEAV) in November 2021 at ~$1.8B implied valuation, raising ~$160M total VC prior to IPO.
Jan 2016Series BCrosslink Capital (lead); CSC Upshot; Daniel Curran; Imagine K12; Y Combinator; Initialized Capital; A.Capital Ventures; Album VC; Pelion Venture Partners; Joe Montana; Hack VC; Craft Ventures$15M$64MWeave Communications provides a customer communication platform for service-based businesses. In a Series B funding round dated November 3, 2015, the company raised $15.88 million at a post-money valuation of $63.91 million. Crosslink Capital participated alongside A.Capital Ventures, Initialized Capital, Joe Montana, Pelion Venture Partners, and Y Combinator, matching the specified investors.
Nov 2015Series BCrosslink Capital (lead); Y Combinator; Element Ventures; Initialized Capital; Geoff Ralston; A.Capital Ventures; Peak Capital Partners; Album VC; Pelion Venture Partners; Joe Montana$16M--
Jun 2014Series AA.Capital Ventures (lead); SV Angel; Y Combinator; Initialized Capital; FundersClub; Homebrew; Darian Shirazi; Fuel Capital$5M-Weave Communications raised a $5 million Series A funding round in 2014 led by A.Capital Ventures, with participation from Darian Shirazi, Fuel Capital, FundersClub, Homebrew, Initialized Capital, SV Angel, and Y Combinator. The company, founded to provide telecom services and customer communication tools to small and medium-sized businesses, particularly in healthcare like dental and optometry, was the first Utah company accepted into Y Combinator that year. Weave launched its platform around 2008-2011, focusing on integrating text messaging, email, marketing, and VoIP phone services to strengthen business-customer relationships.
Jan 2014SeedSV Angel; Y Combinator; Initialized Capital$1M--

Who has invested in Weave Communications?

27 investors have backed Weave Communications across its funding rounds, including Initialized Capital, Crosslink Capital, Pelion Venture Partners, Y Combinator, A.Capital Ventures and Catalyst Investors.

Lead investors include Tiger Global, Lead Edge Capital, Catalyst Investors, Crosslink Capital and A.Capital Ventures.


Weave Communications Investors

Investors in Weave Communications by funding rounds participated
InvestorHQRoundsRoleFirst check
Initialized CapitalUnited StatesSan Francisco, CA5ParticipantJan 2014
Pelion Venture PartnersUnited StatesSalt Lake City, UT5ParticipantNov 2015
Crosslink CapitalUnited StatesSan Francisco, CA5LeadNov 2015
Y CombinatorUnited StatesSan Francisco, CA4ParticipantJan 2014
Catalyst InvestorsUnited StatesNew York City, NY3LeadSep 2017
A.Capital VenturesUnited StatesSan Francisco, CA3LeadJun 2014
SV AngelUnited StatesSan Francisco, CA2ParticipantJan 2014
Lead Edge CapitalUnited StatesNew York City, NY2LeadDec 2018
Bessemer Venture PartnersUnited StatesSan Francisco, CA2ParticipantDec 2018
Album VCUnited StatesSalt Lake City, UT2ParticipantNov 2015
Joe MontanaUnited StatesSan Francisco, CA2ParticipantNov 2015
Hack VCUnited StatesSan Francisco, CA2ParticipantJan 2016
CSC UpshotUnited StatesPalo Alto, CA1ParticipantJan 2016

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Acquisitions by Weave Communications

Weave Communications has acquired 1 company to date.

Last acquisition by Weave Communications was on May 5th 2025. Weave Communications acquired TrueLark for $35M.


Latest Acquisitions by Weave Communications

TrueLark
Description
TrueLark is a Palo Alto-headquartered automated customer communications platform founded in 2017. It deploys AI for human-like text conversations triggered by phone calls, web chats, and forms, handling inquiries, upselling, and payments with less than 5% human follow-up for brands in retail and services.
HQ CountryUnited States
HQ City
San Francisco, CA
Deal Date5 May 2025
Valuation$35M
EV/Revenue
EV/EBITDA

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Weave Communications Competitors

Weave Communications competitors include listed companies like RaySearch Labs and Shang Gong Group, and private ones like Zhiyihuiyun, Tennr, Infinitus Systems and Jane Software.

Public and private companies comparable to Weave Communications
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ZhiyihuiyunChinaWuhuPrivate--$655M-
TennrUnited StatesNew York City, NYPrivate--$605M-
Infinitus SystemsUnited StatesSan Francisco, CAPrivate--$600M-
Jane SoftwareCanadaVancouverPrivate$100M-$600M6.0x
RaySearch LabsSwedenSwedenPublicly listed$137M$59M$599M4.4x
Shang Gong GroupChinaChinaPublicly listed$653M$27M$583M-

Weave Communications Public Comps

Weave Communications is no longer listed, but its public comps include RaySearch Labs, Shang Gong Group, Faeth Therapeutics, Sphere, Veradigm, Phreesia, Heren Health, Hangzhou Pinming Software, B-Soft Co. and GPI Group.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
RaySearch Labs$137M$59M4.6x4.4x10.5x10.0x
Shang Gong Group$653M$27M1.0x-25.2x-
Faeth Therapeutics-($22M)--(18.1x)(1.9x)
Sphere$71M$6M10.1x3.7x110.6x73.2x
Veradigm$588M$54M0.9x0.9x9.8x6.8x
Phreesia$481M$27M1.6x1.5x28.5x6.4x
Heren Health$65M$11M7.0x-39.8x-
Hangzhou Pinming Software$66M$8M11.4x10.9x91.4x-

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Common questions about Weave Communications

When was Weave Communications founded?Weave Communications was founded in 2015.
Where is Weave Communications headquartered?Weave Communications is headquartered in Salt Lake City, UT, United States.
Is Weave Communications publicly listed?No, Weave Communications was acquired by Francisco Partners in August 2026.
Who acquired Weave Communications?Weave Communications was acquired by Francisco Partners in August 2026.
How much was Weave Communications acquired for?Weave Communications was acquired for $650M in August 2026, a 2.7x revenue multiple.
What is Weave Communications' valuation?Weave Communications was last valued at $970M in its Series D in October 2019.
How much funding has Weave Communications raised?Weave Communications has raised $167M across 7 funding rounds.
What was Weave Communications' last funding round?Weave Communications' last funding round was a $70M Series D in October 2019, led by Tiger Global.
Who are Weave Communications' investors?Weave Communications' investors include Initialized Capital, Pelion Venture Partners, Crosslink Capital, Y Combinator, Catalyst Investors, A.Capital Ventures, SV Angel, Lead Edge Capital, Bessemer Venture Partners, Album VC and 17 others.
What is Weave Communications' revenue?Weave Communications' latest recorded revenue is $239M (October 2019).
What is Weave Communications' revenue multiple?Weave Communications' latest valuation implies a 4.1x revenue multiple ($970M valuation on $239M of revenue).
Which companies are comparable to Weave Communications?Companies comparable to Weave Communications include Zhiyihuiyun, Tennr, Infinitus Systems, Jane Software, RaySearch Labs and Shang Gong Group.
What was Weave Communications' market cap before the acquisition?Weave Communications had a market cap of $595M in October 2026, its last month on record as a listed company, trading at 2.1x EV/Revenue.
What was Weave Communications' revenue as a public company?Weave Communications' last reported twelve-month revenue was $265M (October 2026), with EBITDA of $16M.
How many companies has Weave Communications acquired?Weave Communications has acquired 1 company, including TrueLark.
What was the largest acquisition by Weave Communications?The $35M acquisition of TrueLark in May 2025 is the largest acquisition Weave Communications has made to date.

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