UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. )*

 

 

Weave Communications, Inc.

(Name of Issuer)

 

 

COMMON STOCK, $0.00001 PAR VALUE PER SHARE

(Title of Class of Securities)

94724R108

(CUSIP Number)

December 31, 2021

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

 

Rule 13d-1(b)

 

 

Rule 13d-1(c)

 

 

Rule 13d-1(d)

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


CUSIP No. 94724R108    SCHEDULE 13G    Page 2 of 9 Pages

 

  1.    

  NAMES OF REPORTING PERSONS

 

  Bessemer Venture Partners IX L.P.

  2.  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☑

 

  3.  

  SEC USE ONLY

 

  4.  

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Cayman Islands

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.     

  SOLE VOTING POWER

 

  4,201,010

   6.   

  SHARED VOTING POWER

 

  0

   7.   

  SOLE DISPOSITIVE POWER

 

  4,201,010

   8.   

  SHARED DISPOSITIVE POWER

 

  0

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  4,201,010

10.  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11.  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  6.5% (1)

12.  

  TYPE OF REPORTING PERSON

 

  PN

 

(1)

The percent of class was calculated based on 64,239,866 shares of common stock issued and outstanding as of November 30, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on December 9, 2021.


CUSIP No. 94724R108    SCHEDULE 13G    Page 3 of 9 Pages

 

  1.    

  NAMES OF REPORTING PERSONS

 

  Bessemer Venture Partners IX Institutional L.P.

  2.  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☑

 

  3.  

  SEC USE ONLY

 

  4.  

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Cayman Islands

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.     

  SOLE VOTING POWER

 

  3,365,649

   6.   

  SHARED VOTING POWER

 

  0

   7.   

  SOLE DISPOSITIVE POWER

 

  3,365,649

   8.   

  SHARED DISPOSITIVE POWER

 

  0

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  3,365,649

10.  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11.  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  5.2%(1)

12.  

  TYPE OF REPORTING PERSON

 

  PN


CUSIP No. 94724R108    SCHEDULE 13G    Page 4 of 9 Pages

 

  1.    

  NAMES OF REPORTING PERSONS

 

  Deer IX & Co. L.P.

  2.  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☑

 

  3.  

  SEC USE ONLY

 

  4.  

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Cayman Islands

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.     

  SOLE VOTING POWER

 

  7,566,659

   6.   

  SHARED VOTING POWER

 

  0

   7.   

  SOLE DISPOSITIVE POWER

 

  7,566,659

   8.   

  SHARED DISPOSITIVE POWER

 

  0

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  7,566,659

10.  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11.  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  11.8% (1)

12.  

  TYPE OF REPORTING PERSON

 

  PN


CUSIP No. 94724R108    SCHEDULE 13G    Page 5 of 9 Pages

 

  1.    

  NAMES OF REPORTING PERSONS

 

  Deer IX & Co. Ltd.

  2.  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☑

 

  3.  

  SEC USE ONLY

 

  4.  

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Cayman Islands

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.     

  SOLE VOTING POWER

 

  7,566,659

   6.   

  SHARED VOTING POWER

 

  0

   7.   

  SOLE DISPOSITIVE POWER

 

  7,566,659

   8.   

  SHARED DISPOSITIVE POWER

 

  0

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  7,566,659

10.  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11.  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  11.8% (1)

12.  

  TYPE OF REPORTING PERSON

 

  CO


CUSIP No. 94724R108    SCHEDULE 13G    Page 6 of 9 Pages

 

Item 1.

Issuer

 

  (a)

Name of Issuer:

Weave Communications, Inc. (the “Issuer”)

 

  (b)

Address of Issuer’s Principal Executive Offices:

1331 W Powell Way

Lehi, Utah 84043.

 

Item 2(a).

Name of Person Filing:

This statement is being filed by the following persons with respect to the shares of Common Stock, par value $0.00001 per share (the “Shares”), directly owned by Bessemer Venture Partners IX L.P. (“BVP IX”) and Bessemer Venture Partners IX Institutional L.P. (“BVP IX Institutional” and together with BVP IX, the “Funds”).

 

  (a)

Deer IX & Co. Ltd. (“Deer IX Ltd”), the general partner of Deer IX & Co. L.P. (“Deer IX LP”);

 

  (b)

Deer IX LP, the sole general partner of each of the Funds;

 

  (c)

BVP IX, which directly owns 4,201,010 Shares; and

 

  (d)

BVP IX Institutional, which directly owns 3,365,649 Shares.

Deer IX Ltd, Deer IX LP, BVP IX and BVP IX Institutional are sometimes individually referred to herein as a “Reporting Person” and collectively as the “Reporting Persons.”

 

Item 2(b).

Address of Principal Business Office or, if None, Residence:

The address of the principal business office of each of the Reporting Persons:

c/o Bessemer Venture Partners

1865 Palmer Avenue; Suite 104

Larchmont, NY 10583

 

Item 2(c).

Citizenship:

Deer IX Ltd— Cayman Islands

Deer IX LP — Cayman Islands

BVP IX — Cayman Islands

BVP IX Institutional — Cayman Islands

 

Item 2(d).

Title of Class of Securities:

Common Stock, par value $0.00001 per share

 

Item 2(e).

CUSIP Number:

94724R108

 

Item 3.

Not Applicable. 


CUSIP No. 94724R108    SCHEDULE 13G    Page 7 of 9 Pages

 

Item 4.

Ownership.

For Deer IX Ltd:

 

  (a)

Amount beneficially owned: 7,566,659 Shares

 

  (b)

Percent of class: 11.8%

 

  (c)

Number of shares as to which such person has:

 

  (i)

Sole power to vote or to direct the vote: --7,566,659

 

  (ii)

Shared power to vote or to direct the vote: --0--

 

  (iii)

Sole power to dispose or to direct the disposition of: --7,566,659

 

  (iv)

Shared power to dispose or to direct the disposition of: --0--

For Deer IX LP:

 

  (a)

Amount beneficially owned: 7,566,659 Shares

 

  (b)

Percent of class: 11.8%

 

  (c)

Number of shares as to which such person has:

 

  (i)

Sole power to vote or to direct the vote: --7,566,659

 

  (ii)

Shared power to vote or to direct the vote: --0--

 

  (iii)

Sole power to dispose or to direct the disposition of: --7,566,659

 

  (iv)

Shared power to dispose or to direct the disposition of: --0--

For BVP IX:

 

  (a)

Amount beneficially owned: 4,201,010 Shares

 

  (b)

Percent of class: 6.5%

 

  (c)

Number of shares as to which such person has:

 

  (i)

Sole power to vote or to direct the vote: --4,201,010--

 

  (ii)

Shared power to vote or to direct the vote: --0--

 

  (iii)

Sole power to dispose or to direct the disposition of: --4,201,010--

 

  (iv)

Shared power to dispose or to direct the disposition of: --0--

For BVP IX Institutional:

 

  (a)

Amount beneficially owned: 3,365,649 Shares

 

  (b)

Percent of class: 5.2%

 

  (c)

Number of shares as to which such person has:

 

  (i)

Sole power to vote or to direct the vote: — 3,365,649 —

 

  (ii)

Shared power to vote or to direct the vote: --0--

 

  (iii)

Sole power to dispose or to direct the disposition of: — 3,365,649 —

 

  (iv)

Shared power to dispose or to direct the disposition of: --0—


CUSIP No. 94724R108    SCHEDULE 13G    Page 8 of 9 Pages

 

Item 5.

Ownership of Five Percent or Less of a Class.

Not applicable.    

 

Item 6.

Ownership of More than Five Percent on Behalf of Another Person.

As the general partner of Deer IX LP, which in turn is the general partner of the Funds, Deer IX Ltd may be deemed to beneficially own all 7,566,659 Shares held directly by the Funds and have the power to direct the dividends from or the proceeds of the sale of such Shares.    

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

Not applicable.

 

Item 8.

Identification and Classification of Members of the Group.

Exhibit 2 sets forth information regarding the identity of members of a group. The Reporting Persons disclaim membership in a group and this report shall not be deemed an admission by any of the Reporting Persons that they are or may be members of a “group” for purposes of Rule 13d-5 or for any other purpose.    

 

Item 9.

Notice of Dissolution of Group.

Not applicable.    

 

Item 10.

Certification.

Not applicable.    


CUSIP No. 94724R108    SCHEDULE 13G    Page 9 of 9 Pages

 

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: February 14, 2022

 

DEER IX & CO. LTD.
By:   /s/ Scott Ring
Name:   Scott Ring
Title:   General Counsel

 

DEER IX & CO. L.P.
By:   Deer IX & Co. Ltd, its General Partner
By:   /s/ Scott Ring
Name:   Scott Ring
Title:   General Counsel

 

BESSEMER VENTURE PARTNERS IX L.P.
BESSEMER VENTURE PARTNERS IX INSTITUTIONAL L.P.
By:   Deer IX & Co. L.P., its General Partner
By:   Deer IX & Co., Ltd., its General Partner
By:   /s/ Scott Ring
Name:   Scott Ring
Title:   General Counsel