Is Envoy profitable in 2026?

Envoy is private and discloses no audited financials. Its valuation has sat at $1.4B since the January 11, 2022 Series C ($111M, led by Brookfield Growth), with no new funding round, profitability figure, or ownership change reported through mid 2026.

Who is Envoy's biggest competitor?

Microsoft, via Microsoft Places bundled free into Microsoft 365, directly contests Envoy's desk and room booking business as of May 2026. Robin (AI Scheduling Agent) and Kadence (chat-to-book) also compete on AI-native booking features Envoy has not yet matched.

Envoy is privately held and founder-led by CEO Larry Gadea, a former Google and Twitter engineer, since founding in 2013. Its January 11, 2022 Series C ($111M, $1.4B valuation) was led by Brookfield Growth with a16z, Menlo Ventures, Initialized Capital and others participating.

What is Envoy's current valuation?

Envoy's valuation stands at $1.4B, set at its January 11, 2022 Series C round of $111M led by Brookfield Growth. No funding round or valuation change has been publicly reported since that date through mid 2026.

Has Envoy raised money recently?

No. Envoy's last disclosed funding round was the $111M Series C on January 11, 2022, which set its $1.4B valuation. As of mid 2026, more than four years have passed with no new round, acquisition, or ownership change reported.

United States · United States

Envoy

Envoy makes visitor sign-in, desk booking, and workplace management software.

Losing its protection

Assessed 29 July 2026 · Evidence as of 29 July 2026

The structural protection is eroding.

On the recordSince 29 July 2026 · Checkable from unscheduled, watch through 2026 · Every call on the record Checkpoint: Envoy's next funding round or valuation mark, overdue since its Jan 2022 Series C

The call

Envoy's compliance-heavy visitor management still has customers locked in, but its booking business sits exposed to free AI-native rivals while its valuation hasn't moved since 2022.

Envoy makes software that manages visitors, desk booking, and room scheduling for offices. It has real customers and makes real money, but it is getting squeezed on two sides: Microsoft bundles free booking features into its Office 365 software that most companies already pay for, and newer AI-powered rivals like Robin and Kadence are making booking faster and easier to use. The company stopped growing and has not raised new funding in years, so the question is whether Envoy can survive as a smaller niche player focused just on visitor compliance, or whether it gets pushed into irrelevance.

Why

AI pressure: Robin's AI Scheduling Agent and Kadence's chat-to-book features. AI agents now handle room and desk booking directly, chipping at the commodity half of Envoy's product line. Could AI do the core job? Only partly.

Bigger players: Microsoft (Places, bundled into M365). Microsoft Places ships desk and room booking free inside M365, undercutting Envoy's booking module on price. Could a giant copy it? Yes, easily.

What protects it. Regulated-industry visitor compliance workflows and deep hardware integrations that are costly to rip out.

What would change this call

Microsoft Places adds visitor sign-in or badge-print features within M365. Would show Microsoft encroaching directly on Envoy's core visitor-management niche.
Envoy announces a new funding round or valuation change by 2027. Would show whether the frozen $1.4B mark still holds or a down-round occurs.
Envoy ships a competing AI scheduling/visitor agent matching Robin or Kadence. Would show Envoy closing the AI-native feature gap rather than falling further behind.

Key numbers

16,000+ workplace customers (2025-09-16)
~$95.9M estimated ARR (2025-11-27)
$111M Series C at $1.4B valuation (2022-01-11)

Named risks

No funding round or valuation change since January 2022, raising down-round or stale-mark risk. Severity: high
Microsoft Places bundled free into M365 commoditizes desk/room booking revenue. Severity: high
Flat-to-declining headcount (673 in Q4 2025 vs 682 in 2023) and hiring postings down 5.9% YoY. Severity: medium
Visible AI feature shipping lags Robin's Scheduling Agent and Kadence's chat-to-book. Severity: medium
2023 Glassdoor reviews cite frequent layoffs and negative employee sentiment. Severity: medium

Rivals, as read in July 2026

Rival	Direction	Evidence
Microsoft (Places)	losing to	Microsoft Places bundled free into M365, contesting desk/room booking as of 2026-05-27
Robin	losing to	Robin shipped an AI Scheduling Agent by 2026-06-11 with no comparable Envoy launch found
Kadence	losing to	Kadence's chat-to-book AI feature live as of 2026-05-27
Eptura	contesting	Eptura (Condeco/SpaceIQ) contests enterprise-scale multinational IWMS deployments
Skedda	contesting	Skedda claims 8,000+ organizations under per-space pricing (vendor-claimed, 2026-06-10)

Questions people ask

Is Envoy profitable in 2026?: Envoy is private and discloses no audited financials. Its valuation has sat at $1.4B since the January 11, 2022 Series C ($111M, led by Brookfield Growth), with no new funding round, profitability figure, or ownership change reported through mid 2026.
Could AI replace Envoy's product?: AI threatens Envoy's commodity workflows: desk/room booking and front-desk sign-in, as Microsoft Places (bundled free in M365), Robin's AI Scheduling Agent, and Kadence's chat-to-book erode that layer. Envoy's regulated-industry compliance and audit-trail visitor management is harder to replicate as of 2026.
Who is Envoy's biggest competitor?: Microsoft, via Microsoft Places bundled free into Microsoft 365, directly contests Envoy's desk and room booking business as of May 2026. Robin (AI Scheduling Agent) and Kadence (chat-to-book) also compete on AI-native booking features Envoy has not yet matched.
Who owns Envoy?: Envoy is privately held and founder-led by CEO Larry Gadea, a former Google and Twitter engineer, since founding in 2013. Its January 11, 2022 Series C ($111M, $1.4B valuation) was led by Brookfield Growth with a16z, Menlo Ventures, Initialized Capital and others participating.
What is Envoy's current valuation?: Envoy's valuation stands at $1.4B, set at its January 11, 2022 Series C round of $111M led by Brookfield Growth. No funding round or valuation change has been publicly reported since that date through mid 2026.
Has Envoy raised money recently?: No. Envoy's last disclosed funding round was the $111M Series C on January 11, 2022, which set its $1.4B valuation. As of mid 2026, more than four years have passed with no new round, acquisition, or ownership change reported.

Timeline

2026-07-06Ships June 2026 releases: compliance screening, weather/threat intel, Wi-Fi presence, Rhombus access control
2025-09-16Expands device ecosystem via integration with Neat meeting-room hardware
2025-02-24Publishes 2025 Workplace Predictions survey with Hanover Research
2024-07-30Launches Virtual Front Desk for remote/unstaffed site visitor management
2024-03-26Launches safety notifications, visitor recognition, multi-location mobile sign-in
2023-12-15Glassdoor reviews cite frequent layoffs; CEO calls early 2023 among hardest periods
2022-09-15Closes acquisition of Worksphere
2022-01-11Closes $111M Series C led by Brookfield Growth, hits $1.4B valuation

Revision history

29 July 2026

First assessed. Losing its protection. The text above is fixed as of this date and is not edited afterwards.

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