GROWTH CAPITAL FOR BUSINESS OWNERS
We back owners and executives who want to make their businesses more customer-centric using technology and data science
What We Do
At Weave Growth, we are pioneering a technology-led approach to operational transformation of middle-market businesses
Weave is a private investment firm based in Silicon Valley. As experienced investors, entrepreneurs and operators, we partner with management teams to create long-term value and bring technology expertise to our portfolio companies. We bring a technology-enabled playbook of analytics and automation commonly used in high-growth Silicon Valley startups to our portfolio companies.
For Owners
We can provide liquidity as part of a recapitalization or succession plan
- We back our business owners. Our strategy is to let portfolio companies operate "as is" while implementing thoughtful operational improvements over time.
- The existing team, brand and operational structure stays in place
Requirements:
- $5M or more of EBITDA (no minimum if this could be an add-on to our existing portfolio)
- History of profitability and significant repeat business or recurring revenues
- Low customer concentration
- Low cyclicality
Investment Criteria
We generally look for data-rich businesses that have low fixed assets and high recurring revenues or repeat business.
- Preferred Industries: Business Services, Financial Services, Insurance Services, Healthcare Services, E-commerce, Software
- We do not invest in real estate or natural resources businesses. We also do not invest in startups, projects or companies with minimal revenues
- We prefer situations with underutilized data and potential for operational improvement given the right capital structure and changes in leadership
- We consider minority investments and control buyouts based on discussions with the seller
Who We Are
We are a partnership of investors, entrepreneurs and operators
Vinay Bachireddy
Managing Partner
At Weave, Vinay sources investment opportunities, evaluates companies, and works with lenders and investors. He focuses on businesses that deliver a differentiated value proposition, build long-term customer relationships that result in recurring revenue, and have a growth path to building an enduring business franchise.
Having had experiences in both running companies and investing in companies, Vinay has a unique purview that enables him to understand the realities on the ground while positioning the business to scale long-term.
Vinay has spent over a decade in investing and finance at Q Investments, Barclays Capital, Deutsche Bank, and the Grassroots Business Fund, an impact investing venture from the IFC/World Bank. He has also served as an executive/operator of HRO Resources, a business services company headquartered in Austin, TX. Vinay’s industry expertise includes financial services, business services, and insurance.
Vinay received a BA in Political Science from Yale University and an MBA in Finance from the Wharton School.
Austin Neudecker
Managing Partner
At Weave, Austin works closely with portfolio companies on value creation projects ranging from sales enablement to customer experience.
Austin is a seasoned operator and repeat founder. As head of growth at Rev.com, he led an AI-powered transcription business from zero to $5M+ in revenue in under 2 years. He started two health tech companies and and is an alum of Silicon Valley's Y Combinator program.
Previously, he worked in venture capital at Comcast Ventures and sourced deals for Foundation Capital. As a strategy consultant, Austin’s teams drove billions of dollars in operational & supply chain efficiencies at Fortune 50 companies. He also co-founded Startup San Diego, a community organization helping regional entrepreneurs get off the ground. The City of San Diego has a day named in his honor.
Austin attended the Wharton School for his MBA and MIT for his undergraduate degrees in Computer Science & Electrical Engineering and Management Science.
Vishy Venugopalan
Managing Partner
At Weave, Vishy sources and evaluates investment opportunities, while identifying innovative technologies that can be used to transform portfolio companies. Vishy gets excited by businesses that have 'data capital', or proprietary data flowing through their operations, because those are the businesses that can benefit most from Weave's approach.
Vishy is an experienced venture capital investor, having led investments in high-tech startups at corporate and institutional venture capital teams. His investing experience has given him extensive knowledge of analytics, automation and fintech and enterprise software startups while also understanding what makes them successful in real use cases.
Prior to Weave, Vishy served on investment teams at Citi Ventures, Bessemer Venture Partners and Longworth Venture Partners. He was also a seed-stage entrepreneur, having started Whalelogix, an angel-backed online retail personalization startup.
Vishy received an M.Eng. in Computer Science and an S.B. in Cognitive Science from MIT, and an MBA in Entrepreneurship & Innovation from the Wharton School.
Our Companies
Weave's track record of closing deals and adding value to its investments extends across diverse, data-centric industries
Congruity HR
Congruity HR is an outsourced provider of HR services to small and medium sized businesses.
Strolleria
Strolleria is an e-commerce distributor of high-end baby-related products, including strollers, car seats and travel systems.
Knack Global
Knack Global is a comprehensive provider of revenue cycle management services for the healthcare industry.
Contact
Weave Growth Partners
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