E
Elevate
Providing employees with better benefits and a more modern platform to use them on
About Elevate
Elevate Inc. is a cutting-edge platform designed to transform the employee benefits landscape, making it more efficient for employers and more rewarding for employees. Operating in the employee benefits market, Elevate serves a diverse range of clients including over 60,000 employers and 10 million participants. The platform leverages advanced technologies such as HIPAA-compliant AI, OCR machine learning, and ETL tools to offer features like 24/7 conversational AI support, instant claims processing, and same-day reimbursements. This ensures that employees receive timely and accurate benefits without the hassle of traditional systems. Elevate's business model focuses on providing a subscription-based service to employers, who in turn offer these enhanced benefits to their employees. Revenue is generated through subscription fees and partnerships with 165 industry partners. The platform's intuitive technology and proactive communication tools help employers make better decisions, while human support from trained professionals adds a personal touch. Elevate aims to replace outdated legacy systems with a streamlined, user-friendly solution that meets the demands of modern workplaces.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2020
- Headquarters
- Denver, United States
- Employees
- 32
- Open positions
- None listed
- Dealroom signal
- 83.5/100
- Industry
- Enterprise Software
- Sector
- AI, Human Resources, Core AI, Employee Benefits, AI Applications
- Technology
- Artificial Intelligence
- Business model
- SaaS
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES B✓Equity / VC | Oct 2024 | $20M | $140M | Anthemis Group · SaaS Growth Ventures · Fin Capital | ↗ |
| SERIES B✓Equity / VC | Apr 2023 | $28M | $112M | Greycroft Partners · Firebolt Ventures · Fin Capital · Anthemis Group | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Elevate is 10K monthly website visits, up 88.7% over the last three months. Elevate's team grew 0% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A7 investors entered at this stage
Bowery Capital
Anthemis Group
Greycroft Partners
Firebolt Ventures
Fin Capital
Norwest Venture Partners
SaaS Growth Ventures
Other known investors2 additional known investors
Female Innovators Lab
Foxe Capital
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Elevate on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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