Weave raises $70M

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Communication platform Weave's mascots represent its three core values of being hungry, caring, and creative. The late-stage start-up raised a $70 million round--seeing a valuation jump by 3.2x in the past 10 months to $970 million. Artwork: Linzi Kelsey.

Customer communications company Weave has closed a $70 million series D funding round. The investment was led by new Weave investor Tiger Global Management, with additional funding from current Weave investors including Catalyst, Bessemer, Crosslink, Pelion and LeadEdge.

Weave doubled its revenue in 2018, and has increased its team at its Utah headquarters to approximately 550 employees, up from 300 at the beginning of the year, according to a statement from the company.

[Image courtesy: Weave]