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INTERNET | Internet Software & Services / Data & Document Management
weav.co

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Founded Year

2020

Stage

Acquired | Acquired

Total Raised

$4.45M

Valuation

$0000 

About Weav

Weav's technology is intended to provide organizations with real-time, user-permissioned commerce data, which they may utilize to develop new financial products for small enterprises.Its products enable clients to connect to different platforms using a single API designed exclusively for commerce platforms used by enterprises to sell items and services.On August 17th, 2021, Weav was acquired by Brex at a valuation of $50M.

Weav Headquarter Location

245 8th Avenue

New York, New York, 10011,

United States

(415) 800-4179

Latest Weav News

Fintech giant Brex eyeing additional Israeli acquisitions

Jan 11, 2022

Fintech giant Brex eyeing additional Israeli acquisitions “We are certainly planning to go shopping in the country,” Brex CEO Henrique Dubugras told Calcalist following the company’s announcement that it has raised an additional $300 million at a $12.3 billion valuation Meir Orbach 11:0011.01.22 “We have acquired one company in Israel and we are very excited about what’s to come,” Henrique Dubugras, CEO of fintech company Brex, which announced on Tuesday that it has raised an additional $300 million in a Series D-2 round at a $12.3 billion valuation, told Calcalist. Brex purchased Israeli startup Weav for $50 million in August of last year and Dubugras revealed the company is eyeing additional purchases in the country. “We are excited about making additional acquisitions in Israel and are certainly planning to go shopping in the country. Weav was a very successful acquisition for us. Many of our products are developed in the country, like our e-commerce products. We are planning to recruit hundreds of new employees, including in Israel, and complete acquisitions that will accelerate this journey. The future is going to be very interesting.” Brex CEO Henrique Dubugras (right) and Nadav Lidor. Photo: Brex   San Francisco-based Brex offers credit cards, business cash accounts, spend management, and bill pay software together in a single dashboard, aiming to become a fully integrated and holistic financial platform for businesses. Weav’s technology helps accelerate the connectivity of the Brex platform, allowing the company to achieve this goal quickly and further support Brex’s ability to serve customers in many different industries. Brex raised $425 million at a $7.4 billion valuation last April. Notable investors in the company include Tiger Global, Y Combinator Continuity, Ribbit Capital, DST Global, Greenoaks Capital, Lone Pine Capital, and IVP. Brex's technology is in use by several Israeli unicorns including Wiz, Next Insurance, and Gong. Its Series D-2 round was led by Greenoaks Capital and Technology Crossover Ventures (TCV). Since the company’s founding in 2017, Brex has raised a total of $1.2 billion from investors. Related articles:

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