Convex

Convex

Revenue acceleration software for commercial services

About Convex

Simplify's Rating
Why Convex is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Data & Analytics

Enterprise Software

Company Size

51-200

Company Stage

Series B

Total Funding

$57.9M

Headquarters

San Francisco, California

Founded

2017

Overview

Convex provides revenue acceleration software specifically designed for digital-first commercial service providers, such as those offering maintenance and repair services for commercial buildings. The software platform helps these businesses identify, win, and manage new service opportunities by utilizing advanced data analytics and industry insights. Key features include lead generation, customer segmentation, and sales strategy optimization, which collectively enhance sales performance and operational efficiency. Unlike many competitors, Convex focuses on digital-first strategies and actionable insights tailored for the B2B market, targeting sales and marketing leaders. The company's goal is to improve the way commercial service providers operate, driving revenue growth through a subscription-based model that ensures ongoing support and product development.

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Simplify's Take

What believers are saying

  • ServiceTitan acquisition enhances Convex's platform capabilities and market reach.
  • $39M Series B funding supports software development and market expansion.
  • Digital-first strategies align with industry trends towards efficiency and innovation.

What critics are saying

  • Integration with ServiceTitan may disrupt operations if not managed well.
  • Key personnel departures could create talent gaps and affect competitiveness.
  • Strategic shifts post-acquisition may alienate existing Convex customers.

What makes Convex unique

  • Convex offers a comprehensive data-driven platform for commercial service providers.
  • The platform focuses on lead generation and sales strategy optimization for B2B clients.
  • Convex's subscription model ensures steady revenue and continuous product development.

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Funding

Total Funding

$57.9M

Meets

Industry Average

Funded Over

3 Rounds

Notable Investors:
Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$39M
Convex
$45M
Linktree
$65M
Substack
$100M
ClickUp

Benefits

Competitive salary & generous equity

Health, vision, & dental coverage

401k

Flexible time off

Family leave

Company outings & team retreats

Company News

Business Wire
Apr 3rd, 2024
ServiceTitan Supercharges Commercial Capabilities with Acquisition of Convex

ServiceTitan, a leading software platform built to power the trades, announced today that it has entered into a definitive agreement to acquire Convex

Business Wire
Apr 2nd, 2024
Servicetitan Supercharges Commercial Capabilities With Acquisition Of Convex

LOS ANGELES--(BUSINESS WIRE)--ServiceTitan, a leading software platform built to power the trades, announced today that it has entered into a definitive agreement to acquire Convex, a leading sales and marketing platform purpose-built for the commercial services industry. For years, ServiceTitan and Convex have independently invested significant amounts of capital in building best-in-class software for commercial contractors, with a deep focus on driving ROI and positive business outcomes for their customers. This new partnership will help deliver an industry-leading end-to-end solution that enables commercial businesses to grow profitably – from initial outreach to new prospects, through work order execution, invoicing, job costing, and everything in between.“ServiceTitan is on a mission to build technology that significantly improves the lives of every single contractor,” said Ara Mahdessian, CEO and co-founder of ServiceTitan. "We are laser focused on delivering high ROI, purpose-built software for the commercial services industry. Commercial businesses deserve a platform that works as hard as they do - a platform that can help them operate and enable profitable growth for decades to come. I'm thrilled to welcome Convex to the ServiceTitan family as we collectively join forces to continue executing on this ambitious vision."Founded in 2017, Convex was built to modernize the commercial services industry with data-driven solutions that increase revenue for contractors by improving their go-to-market strategies and execution.Convex’s purpose-built platform allows commercial businesses to:Plan their growth strategies with one of the most comprehensive views of the market available, including property, contact, business, and permit datawith one of the most comprehensive views of the market available, including property, contact, business, and permit data Target high-value opportunities to identify new business and expand existing relationshipsto identify new business and expand existing relationships Engage customers at the right time, with the right messaging to win their businessat the right time, with the right messaging to win their business Manage revenue teams to drive both consistent and predictable growth“Our mission at Convex is to provide commercial services businesses with the tools and technology they need to win in their market,” said Charlie Warren, CEO and co-founder of Convex

Insurance Insider
Jan 11th, 2024
Probitas takes Convex's Dare as energy hiring continues for AdA SPA 2024

Senior energy underwriter Richard Dare has resigned from Convex to join the growing energy team at Probitas, Insurance Insider can reveal.

VC News Daily
Oct 12th, 2021
Convex Raises $39M Series B Funding Round

SAN FRANCISCO, CA, Convex, the software platform leading the commercial services industry's digital-first revolution, has raised $39 million in Series B financing.

PitchBook
Jan 15th, 2021
Sixth Street invests into Convex Computer Corporation in $500M

Sixth Street Partners has made a $500 million investment in Convex, a provider of insurance and reinsurance services for companies in sectors including aerospace, casualty, energy and marine.

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