Venture • Communications

Lead Edge Capital Invests In Weave

On December 6, 2018, growth capital firm Lead Edge Capital invested in communications company Weave

Investment Context
  • This is Lead Edge Capital’s 1st transaction in the Communications sector.
  • This is Lead Edge Capital’s 11th transaction in the United States.
  • This is Lead Edge Capital’s 1st transaction in Utah.
Investment Fate
  • Weave went public in 2021.

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Investment Summary

Date December 6, 2018
Target Weave
Sector Communications
Investor(s) Lead Edge Capital
Deal Type Venture

Target Company

Weave

Lehi, Utah, United States
Weave offers long-distance and local calling services; two-way text messaging services. The company's products include Customized Phone System, Weave Text Messaging, Weave Missed Call Text, Weave Team, and Weave Mobile App to text customers, request payments, and receive and make calls. Weave was founded in 2008 and is headquartered in Lehi, Utah.
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Investor Overview 1

Investor

Lead Edge Capital

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2009
PE ASSETS 5.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Lead Edge Capital is a growth capital firm focused on software, internet, consumer, and tech-enabled services companies. The Firm has no geographic preferences and will consider both private and public company investments. Leading Edge's investment size is $25 to $300 million. Lead Edge Capital was established in 2009 and is headquartered in New York, New York.


Deal Context for Investor #
Overall 14 of 54
Sector: Communications 1 of 1
Type: Venture 6 of 27
State: Utah 1 of 2
Country: United States 11 of 44
Year: 2018 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-19 Tempo Software

Boston, Massachusetts, United States

Tempo Software provides a user-friendly, high-performance software suite for time tracking, resource management, and budgeting. Tempo enables organizations to plan, optimize, and manage resources, budget, and track project costs, and track and report time for team efficiency. Tempo Software was founded in 1987 and is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Benchling

San Francisco, California, United States

Benchling is a software company which provides a platform for life sciences R&D. Benchling’s software is used by scientists around the world in academic labs at Harvard, Stanford and MIT as well as at companies like regeneron pharmaceuticals, zoetis, and zymergen, Benchling was founded in 2012 and is based in San Francisco, California.

Buy -