Who Owns Weave Company?

Who Owns Weave Communications?

Understanding a company's ownership is key to grasping its strategy and accountability. Weave Communications, a provider of customer communication software, became a public entity on November 11, 2021, trading on the New York Stock Exchange under the ticker 'WEAV'.

Founded in 2008, Weave aimed to help small and medium-sized businesses, especially in healthcare, modernize their customer interactions. The platform consolidates communication channels like phone, text, and email into one system.

As of July 2025, Weave Communications holds a market capitalization between $548.83 million and $565.37 million USD. The company supports over 35,000 locations, predominantly in dental, optometry, veterinary, and specialized medical practices across the US and Canada. This analysis will explore Weave's ownership journey, including founder holdings, major investors, and public shareholders, to understand its current market standing.

Weave Technologies was established in 2008 by its founders Jared Rodman, Brandon Rodman, and Clint Berry. Their collective vision was to create a comprehensive communication and engagement platform specifically designed for small to medium-sized businesses, with a particular focus on the healthcare sector. While the precise initial equity distribution among the founders is not publicly disclosed, their shared objective guided the company's foundational development.

Founding Vision

The founders aimed to build an all-in-one platform for business communication and customer engagement.

Target Market Focus

A key aspect of their strategy was to serve small to medium-sized businesses, especially within the healthcare industry.

Early Investment Landscape

In its nascent stages, the company successfully attracted angel investors and early-stage financial backing.

Total Funding Secured

The company has raised a substantial amount of capital, totaling $156 million across five distinct funding rounds.

Latest Funding Round

The most recent funding activity was a Series D round in November 2019, which brought in $70 million.

Key Early Investors

Prominent early institutional investors include Tiger Global Management, Crosslink Capital, and Catalyst Investors.

Angel investor Darian Shirazi also played a role in the company's early financial support. While specific details concerning early shareholder agreements, such as vesting schedules or buy-sell provisions, are not widely publicized, the infusion of capital from these early investors was crucial. This financial backing significantly influenced the company's initial ownership structure and provided the necessary resources to fuel its subsequent expansion and development, aligning with the Growth Strategy of Weave.

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Weave Communications became a publicly traded entity on November 11, 2021, with an Initial Public Offering (IPO) that successfully raised $120 million. This event marked a significant shift in the company's ownership structure, transitioning from private to public hands.

As of July 2025, the ownership landscape of Weave Communications (NYSE: WEAV) is heavily dominated by institutional investors, who collectively hold a substantial 86.36% of the company's shares. Insiders account for another significant portion, with 103.63% ownership, indicating a strong presence of company management and employees among shareholders. The company's market capitalization has seen a notable increase of 53.16% since its IPO, growing from $358.33 million to $548.83 million by July 31, 2025, reflecting a compound annual growth rate of 12.15%.

Key Weave Technologies Investors

Institutional investors are the primary owners of Weave Communications, with several major firms holding significant stakes. Tyler Newton stands out as the largest individual insider shareholder.

• Fmr LLC: 14.20% (10,675,098 shares, approx. $82.95 million)
• Crosslink Capital Inc: 16.92% (12,717,583 shares, approx. $98.82 million) and an additional 9.39% (7,057,813 shares)
• Wasatch Advisors LP: 7.28% (5,473,920 shares)
• Vanguard Group Inc: 6.29% (4,731,398 shares)
• Tyler Newton (Insider): 23.24% (17,472,830 shares, approx. $135.76 million)

The concentration of ownership among executive officers, directors, and major shareholders, exceeding 25.0% as of December 31, 2024, suggests these stakeholders possess considerable influence over corporate decisions. This includes key executives like Brett White (CEO), Joseph David McNeil (Chief Revenue Officer), and Erin Goodsell (Chief Legal Officer and Corporate Secretary), who hold substantial numbers of shares. Understanding who owns Weave is crucial for grasping the company's strategic direction and how its operations are influenced by its major stakeholders. For a deeper dive into the company's journey, you can explore its Brief History of Weave.

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The current board of directors for Weave Communications includes Brett White, who serves as Chief Executive Officer and a Director. Other key executives on the board are Joseph David McNeil (Chief Revenue Officer), Jason Christiansen (Chief Financial Officer), Marcus Bertilson (Chief Operating Officer), and Erin Goodsell (Chief Legal Officer and Corporate Secretary). The significant insider ownership suggests a strong alignment between the board and major shareholders.

Weave Communications operates under a one-share-one-vote system, meaning each share of common stock holds one vote. There are no public indications of dual-class shares or special voting rights that would concentrate control. As of December 31, 2024, executive officers, directors, and large shareholders collectively owned over 25% of the company's stock, giving them the potential to influence significant corporate decisions and director elections. Understanding the Target Market of Weave is crucial when considering the influence of these stakeholders.

Voting Power and Shareholder Influence

Weave Communications utilizes a straightforward voting structure. The concentration of ownership among insiders and major shareholders indicates a significant ability to impact corporate governance and strategic direction.

• One-share-one-vote structure in place.
• No evidence of dual-class shares or special voting rights.
• Executive officers, directors, and large shareholders hold over 25% of stock as of December 31, 2024.
• This ownership concentration allows for potential influence on director elections and major transactions.

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Over the past three to five years, the ownership landscape of Weave Technologies has seen significant shifts, notably with its Initial Public Offering in November 2021. The company's market capitalization has experienced growth, reaching approximately $548.83 million as of July 31, 2025, representing an increase of over 53% since its IPO, although it has seen a 20.37% decrease in market cap over the last year.

Recent months have brought changes in leadership and insider activity. Alan D. Taylor concluded his tenure as Chief Financial Officer on March 31, 2025, with Jason Christiansen stepping into the role on April 1, 2025. Executives, including Joseph David McNeil and Alan Taylor, engaged in insider selling in March 2025, primarily to manage tax liabilities associated with restricted stock units, executing these transactions under Rule 10b5-1 trading plans.

Leadership Transition

Jason Christiansen assumed the CFO role on April 1, 2025, following Alan D. Taylor's departure. This transition is a key development in the company's management structure.

Insider Selling Activity

Executives sold shares in March 2025 to cover tax obligations, utilizing Rule 10b5-1 trading plans. This activity provides insight into executive financial planning.

Strategic Acquisition

The acquisition of TrueLark in Q1 2025 for $35 million aims to boost AI capabilities and expand market reach. This move is expected to be accretive by 2026.

Ownership Trends

Weave Technologies exhibits significant institutional ownership at 86.36%, with mutual funds increasing their stake. This aligns with industry trends for maturing technology firms.

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