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New Deal


Announced

Completed

Insight Partners led a $24m Series B round in weavix.

Financials

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Transaction Value£18m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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frontline communication

United States

Electronic Components and Equipment

Acquisition

Minority

Private

Completed

Friendly

Domestic

Private Equity

Venture Capital

Synopsis

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Insight Partners, a software investor, led a $24m Series B round in weavix, a technology firm specializing in frontline communication and efficiency solutions, with participation from Four More Capital, The Friedkin Group, and Perkins Coie. "weavix's mobile device for the frontline worker is a gamechanger. Their smart radios and corresponding software unlock a new level of connectivity and productivity for the frontline workforce. Their blend of hardware, software, and enhanced networking has transformed communications for those who need it most. We look forward to partnering with the weavix team as they continue to grow and scale up," said Grace Kotick, Insight Partners Vice President.

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