Total amount raised
$1.4 Billion
Latest funding date
1/1/2022
Location
Envoy has successfully raised significant funding across multiple rounds, attracting a diverse group of investors. The platform is designed to transform modern workplaces by connecting people, spaces, and data to enhance efficiency and collaboration.
Keep reading to explore the intricacies of Envoy's fundraising journey and the investors backing this innovative platform.
What Is Envoy?
Envoy, founded on February 1, 2013, in San Francisco, California, is a company dedicated to transforming modern workplaces. The company was established by Larry Gadea and has grown to employ between 251-500 people.
Envoy offers a suite of products designed to enhance the workplace experience, including visitor management, desk booking, and mailroom management solutions. Their innovations aim to make office life more efficient and secure.
With a presence in over 13,000 locations globally, Envoy continues to redefine how offices interact with visitors and manage deliveries, ensuring a seamless and productive work environment.
How Much Funding Has Envoy Raised?
- Seed Round
- Amount Raised: $1.2M
- Date: December 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product, an iPad-based sign-in system for office visitors.
- Series A
- Amount Raised: $15M
- Date: June 2015
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's initial product offerings and grow its customer base.
- Series B
- Amount Raised: $43M
- Date: October 2018
- Lead Investors: Menlo Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To push further expansion and develop new office digitization products, ultimately aiming to create a comprehensive 'office OS' platform.
- Series C
- Amount Raised: $111M
- Date: December 2021
- Lead Investors: Brookfield Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product development and expand market reach.
Envoy has raised a total of $170.2M. The current valuation is not publicly disclosed.
Key Investors
- Brookfield Growth
- Details: Brookfield Growth is the technology investment arm of Brookfield Asset Management, a global alternative asset manager. They focus on growth-stage companies that can benefit from Brookfield's extensive operational expertise.
- Investment Focus Areas: Technology, real estate, infrastructure.
- Notable Investments: Not publicly disclosed.
- Menlo Ventures
- Details: Menlo Ventures is a venture capital firm that provides capital for seed through growth technology companies. They have been investing for over 40 years and have a diverse portfolio.
- Investment Focus Areas: Technology, healthcare, consumer services.
- Notable Investments: Uber, Roku, Warby Parker.
- Andreessen Horowitz
- Details: Andreessen Horowitz, also known as a16z, is a private venture capital firm based in Silicon Valley. They invest in both early-stage startups and established growth companies.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Facebook, Airbnb, Slack.
- Initialized Capital
- Details: Initialized Capital is an early-stage venture capital firm that was founded by Garry Tan and Alexis Ohanian. They focus on investing in high-potential startups at the seed stage.
- Investment Focus Areas: Technology, consumer products, financial services.
- Notable Investments: Coinbase, Instacart, Reddit.
- Not publicly disclosed
- Details: Information about this investor is not publicly disclosed.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
What's Next for Envoy?
Envoy stands at the cusp of a significant opportunity to revolutionize office environments. With plans to digitize various office operations, from meeting room bookings to energy management, the potential market is vast. Already serving 10,000 companies daily, Envoy's vision of an 'office OS' could streamline operations for businesses globally, making office life more efficient and connected.
Future fundraising efforts will likely focus on expanding product development and market reach. As the demand for smart office solutions grows, Envoy may attract further investment to support its ambitious goals. However, the company will need to navigate challenges such as competition and the need for continuous innovation to maintain its market position.
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