Elate, an Indianapolis, IN-based provider of cloud-based strategic planning software, raised $4.9M in Series A funding.
The round was led by WestWave Capital, with participation from The Pritzker Group Venture Capital, Hyde Park Angels (HPA) and Capital Midwest Fund.
The company intends to use the funds to invest in product development as well as support current and future customers through an expanded go-to-market strategy.
Led by Brooks Busch, CEO, Elate provides a strategic planning platform to help companies communicate vision, create alignment, and drive outcomes all in one place. The strategic planning solution helps businesses define strategies and track execution across disparate teams. Going beyond a traditional objectives and key results (OKRs) framework, the platform guides leaders through a strategic planning process, providing recommendations and best practices to execute at the highest level and removing internal siloes to maximize transparency organization-wide. As a result, customers are able to build, deliver and report on their strategy quickly and efficiently.
FinSMEs
14/03/2023