Convex, a San Francisco, CA-based software platform focused on digitizing the commercial services industry, raised $39 million in Series B financing, bringing the total amount raised to date to $60m.
The round was led by Fifth Wall, Emergence Capital, and GGV with participation from UP2398, 1984 Ventures, Soma Capital, and former ServiceMax CEOs Scott Berg and David Yarnold.
The company intends to use the funds to expand hiring, scale its Atlas software platform, and develop new products.
Company: Convex Labs Inc.
Raised: $39.0M
Round: Series B
Funding Month: October 2021
Lead Investors: Fifth Wall, Emergence Capital, and GGV
Additional Investors: UP2398, 1984 Ventures, Soma Capital, Scott Berg, and David Yarnold
Company Website: https://www.convex.com/
Software Category: Commercial Services
About the Company: Led by Charlie Warren, CEO, and cofounder, Convex provides cloud-based software that equips those who have no preexisting knowledge of commercial services with the actionable insights they need to be productive immediately. Additionally, the platform gives managers increased visibility into organizing and directing their teams. These insights allow for precise coaching that further speeds up the learning process. The system gives users a 360-degree view of more than 62 million commercial properties across the nation. The solution places previously siloed data — building attributes, permit history, property ownership, customer information, asset details, tenant, and contact information — in the context of the physical property.
Source: https://www.finsmes.com/2021/10/convex-raises-60m-in-series-b-funding.html