Convoke Systems
Latest round
- Series B
Last raised
- Jul 2010
Total raised
- $5.5M
Investors
- 2
About Convoke Systems
Founded in 2006, Convoke Systems operates from San Francisco, US, delivering innovative recovery management solutions. The company was established by Jacob Schatz and has undergone a strategic pivot since its inception.Convoke's primary offerings encompass a range of sophisticated tools designed for modern recovery management within a single, secure Software as a Service (SaaS) platform. Their core products include Convoke Origin, Pulse, CRM, Freeform, Signal, and Connect, each tailored to enhance the efficiency of third-party recovery efforts across various collection channels. These products serve a diverse client base, including large banks, online lenders, credit unions, and debt collection agencies, all aiming to optimize their debt recovery processes through strategic vendor management and streamlined operations. Convoke's solutions address specific use cases such as legal collections, debt sales, and settlement efficiencies, ultimately transforming how organizations approach recoveries.Convoke operates on a transaction structure that includes B2B subscriptions, licensing agreements, and service partnerships tailored to their clientele, which consists of financial institutions and recovery agencies. Revenue is generated through the provision of various service tiers, each offering unique features aligned with the specific recovery needs of clients. Flagship products like Convoke CRM and Convoke Freeform are bundled into subscription plans that facilitate continuous access to advanced recovery management tools and support services.Convoke Systems is focused on launching new products designed to enhance their recovery management capabilities, with specific release dates expected in the near future. Their strategy includes plans for expanding into European markets and further diversifying their offerings by 2023.
Who invested in Convoke Systems
2 investors across 1 round
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Funding rounds
Series B
Jul 26, 2010
Amount
$5.5M
Investors
Questions about Convoke Systems
Who invested in Convoke Systems?
Convoke Systems has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Convoke Systems raised?
Convoke Systems has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Convoke Systems last raise money?
Convoke Systems's most recent round on record is a Series B, in Jul 2010.
What does Convoke Systems do?
Founded in 2006, Convoke Systems operates from San Francisco, US, delivering innovative recovery management solutions.
Where is Convoke Systems headquartered?
Convoke Systems is headquartered in San Francisco, US.
Which VCs invest in companies like Convoke Systems?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Convoke Systems's stage. Their profiles are linked below.
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