# Convoke Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/convoke-systems

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.convokesystems.com
- Total disclosed funding: $5.5M
- Latest round: Series B (Jul 26, 2010)
- Investors on record: 2

## About

Convoke Systems provides advanced recovery management tools via a secure Software as a Service (SaaS) platform, enhancing efficiency in debt recovery for various financial institutions.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 has secured a total of USD 5.50 mn through its Series B funding round led by Flybridge Capital Partners and QED Investors. The latest deal occurred on May 1, 2012, marking the company as an investment target while positioning its current valuation at USD 12.51 mn.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. The products are marketed primarily in North America, with a growing presence in Europe and other international markets, catering to the needs of credit issuers and recovery vendors alike.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. These plans are structured to accommodate the varied scales of operations, ensuring flexibility and adaptability to changing market demands, positioning the company favorably within the financial services sector.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. Recent funding from their Series B round will be utilized to support these growth initiatives, following the company’s sale in May 2012, which positioned it for strategic expansion.

## Funding rounds

- Series B, Jul 26, 2010, $5.5M — Flybridge Capital Partners, QED Investors

## Investors

- Flybridge Capital Partners (https://capitalatlas.ai/funds/flybridge-capital-partners) — Series B
- QED Investors (https://capitalatlas.ai/funds/qed-investors) — Series B