Elevate, a Denver, CO-based provider of a consumer-directed benefits administration platform, raised $28M in funding.
The round, which brought the total amount to $43M, was led by Anthemis with participation from Fin Capital and existing investors Norwest Venture Partners, Greycroft, Bowery Capital, and Firebolt Ventures. Kate Sampson from Anthemis, and Christian Ostberg from Fin Capital, will join the Elevate Board as observers.
The company intends to use the funds to enhance innovative capabilities, including AI, as well as its go-to-market strategy and customer acquisition.
Led by CEO Brian Cosgray, Elevate is a consumer-directed benefits platform that prioritizes the needs of both employees and partners. It is built on an API-driven cloud infrastructure, with a focus on configurability, embeddability, and real-time automation.
Partners includes PEOs, TPAs, Health Plans, Benefits Administrators, and Employee Financial Services companies.
Elevate previously raised $12M Series A in October 2021 and the new funding round brings its total funding to $43M.
FinSMEs
11/04/2023