# Envoy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/envoy

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.envoy.com
- Total disclosed funding: $169M
- Latest round: Series C (Dec 30, 2021)
- Investors on record: 8

## About

Envoy, Inc. delivers integrated workplace management solutions that enhance operational efficiency and the visitor experience through innovative products tailored for modern organizational needs.Founded in 2013 by Dan Steiner, Franklin Lino, Larry Gadea, Renato Thompson, Rijk van Wel, and Russell Rommelfanger, Envoy operates from San Francisco, US. The company has undergone strategic growth and evolution, primarily focusing on workplace management solutions. As of December 30, 2021, it raised USD 110.80 mn in Series C funding, led by Brookfield Capital Partners, with participation from multiple esteemed investors. Envoy has successfully completed a total of 6 funding deals, with the latest funding bringing its total capital raised to USD 110.80 mn and a current company valuation of USD 1,298.05 mn.Envoy offers a suite of integrated workplace management solutions designed to enhance operational efficiency and improve the visitor experience. Their core products include Envoy Visitors, Envoy Workplace, and Envoy Connect, which collectively address various aspects of workplace management. Envoy Visitors facilitates a streamlined check-in process for guests, ensuring security through instant document verification and automated workflows. Envoy Workplace provides a comprehensive platform for employees to locate coworkers, book desks, and manage deliveries while offering insights into space usage and occupancy. Envoy Connect is specifically tailored for multi-tenant property owners, equipping them with tools to ensure building security and optimize tenant satisfaction. These products serve a diverse clientele across various sectors, including technology, professional services, and manufacturing, and are marketed primarily in North America, Europe, and Asia.Envoy operates a subscription-based revenue model, where businesses pay for access to its suite of services on a recurring basis. Clients typically engage with Envoy through B2B transactions, wherein organizations subscribe to the platform to manage their workplace needs effectively. This structure allows for scalable pricing based on the number of users or specific features utilized, catering to companies of different sizes and industries. Notably, Envoy's flagship offerings, such as Envoy Workplace and Envoy Visitors, play a significant role in driving revenue through their value proposition of improved security and operational management. Partnerships and integrations with existing workplace tools further enhance the company's revenue channels by providing added convenience for clients.Envoy plans to leverage the USD 110.80 mn raised in its most recent funding round on December 30, 2021, to accelerate hiring across its engineering, product, and design teams, enabling it to enhance its product offerings. The company is focused on developing new features that deliver solutions in real-time, which are essential for modern workplace environments. Additionally, Envoy aims to expand its presence in international markets, specifically targeting regions in Europe and Asia, by the end of 2023.

## Funding rounds

- Series C, Dec 30, 2021, $111M — Menlo Ventures, Brookfield Property Group, Balyasny Asset Management, Andreessen Horowitz, TriplePoint Capital, Initialized Capital, Haystack, 776
- Series B, Aug 3, 2018, $43M — Menlo Ventures, Andreessen Horowitz, Initialized Capital
- Series A, Jun 23, 2015, $15M — Andreessen Horowitz

## Investors

- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series A, Series B, Series C
- Menlo Ventures (https://capitalatlas.ai/funds/menlo-ventures) — Series B, Series C
- Initialized Capital (https://capitalatlas.ai/funds/initialized-capital) — Series B, Series C
- Brookfield Property Group — Series C
- Balyasny Asset Management — Series C
- TriplePoint Capital (https://capitalatlas.ai/funds/triplepoint-capital) — Series C
- Haystack (https://capitalatlas.ai/funds/haystack) — Series C
- 776 (https://capitalatlas.ai/funds/776) — Series C