What is Weav's primary offering?

Weav provides a universal API designed to connect commerce platforms, enabling businesses to securely share real-time, standardized commerce data with financial technology companies and institutions.

What was a significant corporate milestone for Weav?

In August 2021, Weav was acquired by Brex for $50 million, marking a key exit for the company.

How much capital did Weav raise?

Weav raised $4.3 million in April 2021 in a funding round led by Foundation Capital.

Which investors participated in Weav's funding round?

In April 2021, Weav raised $4.3 million in a funding round led by Foundation Capital.

Weav

Universal API for Commerce Platforms

Fintech & Insurtech

Acquired (Inactive) by Brex on Aug 2021 - closed due to acquisition

Company Overview

Snapshot

Founded in October 2020 by Nadav Lidor, Avikam Agur, and Ambika Acharya, Weav operated with 1–10 employees. The company raised $4.3 million across one funding round and was acquired by Brex in August 2021.

Business overview

Weav develops a universal API for commerce platforms, aiming to expand financial access for small and medium businesses, entrepreneurs, and creators in the digital economy. Its API enables businesses selling on platforms like Square, Stripe, and Shopify to securely share real-time, standardized commerce data with financial technology companies, financial institutions, and other service providers. This facilitates greater access to capital, improved financing terms, and more tailored products within the Fintech & Insurtech sector, serving online retailers and eCommerce platforms.

Strategic signal

In August 2021, Weav was acquired by Brex for $50 million, a significant exit that validated its technology and market approach. This acquisition highlights the growing demand for universal API solutions that streamline data access across commerce platforms, signaling a strategic move by Brex to integrate Weav's capabilities into its financial services ecosystem and enhance its offerings for businesses operating in the digital economy.

Company Intelligence Q&A

What is Weav's primary offering?: Weav provides a universal API designed to connect commerce platforms, enabling businesses to securely share real-time, standardized commerce data with financial technology companies and institutions.
When was Weav founded and by whom?: Weav was founded in October 2020 by Nadav Lidor, Avikam Agur, and Ambika Acharya.
What was a significant corporate milestone for Weav?: In August 2021, Weav was acquired by Brex for $50 million, marking a key exit for the company.
How much capital did Weav raise?: Weav raised $4.3 million in April 2021 in a funding round led by Foundation Capital.
Which investors participated in Weav's funding round?: In April 2021, Weav raised $4.3 million in a funding round led by Foundation Capital.

Name	Weav
One-liner	Universal API for Commerce Platforms
Type	Startup
Primary sector	Fintech & Insurtech
Founded	2020
Employees	1-10
Employees (exact)	0
HQ / location	Ramat Gan, Abba Hillel Silver Road 16, Ramat Gan, Israel, Center District
Product stage	Released
LinkedIn	https://www.linkedin.com/company/68863035
Crunchbase	weav-ca78
IL Registrar	516265402

Sectors	Fintech & Insurtech, Money Transfer & Management, Personal Finance Management
Core technology	Platforms & Interfaces, API
Target customers	Consumers, Professionals & Gig Economy, Online Retailers, Commerce & Retail, Distribution Channels, eCommerce Platforms, Omni Channel
Business models	B2B
Tags	data-analytics, ecommerce, retail, fintech, api, online-retailers

Name	Role	Founder
Nadav Lidor	Co-founder & CEO	yes
Avikam Agur	Co-founder	yes
Ambika Acharya	Co-founder & CTO	yes

Date	Source	Summary
Aug 17, 2021	techcrunch.com	Brex buys Weav, a universal API for commerce platforms, for $50M
Apr 26, 2021	techcrunch.com	Weav raises $4.3M to knit together a universal API for commerce platforms

Weav