Elevate - About the company
Elevate is a series B company based in Denver (United States), founded in 2020 by Brian Strom. It operates as an Online employee benefits solution for enterprises. Elevate has raised $48M in funding from investors like Greycroft, Anthemis Group and Norwest. The company has 584 active competitors, including 93 funded and 64 that have exited. Its top competitors include companies like ePassi, Businessolver and Clair.
Company Details
Online employee benefits solution for enterprises. The platform offers features such as CIP integration, account opening, receipt scanning, automated reimbursement process, balance management, expense customization, and more.
- Website
- elevate.inc
- Social
- Registered Address
- 4115 W Spruce St, Tampa, FL 33607, United States
Key Metrics
Founded Year
2020
Location
Denver, United States
Stage
Series B
Total Funding
$48M in 3 rounds
Latest Funding Round
Ranked
36th among 584 active competitors
Employee Count
34 as on May 31, 2026
Legal entities associated with Elevate
Elevate is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Elevate CDB, Inc. CIN: 4358764 , United States, Active | Dec 06, 2020 | - | 4 (As on Dec 31, 2021) | - |
Elevate, Inc CIN: 87-0775903 , United States, Active | Dec 31, 2019 | - | 5 (As on Dec 31, 2023) | - |
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Elevate's funding and investors
Elevate has raised a total funding of $48M over 3 rounds. Its first funding round was on Oct 04, 2021. Its latest funding round was a Series B round on Oct 15, 2024 for $*****. 3 investors participated in its latest round. Elevate has 7 institutional investors.
Here is the list of recent funding rounds of Elevate:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 15, 2024 | 5112378 | Series B | 7398726 | 1780545 | 1311080 | 8687660 |
Apr 11, 2023 | 3129333 | Series B | 9901289 | 9399458 | 9129782 | |
Oct 04, 2021 | 9242212 | Series A | 3052917 | 8610788 |
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Elevate's founders and board of directors
Founder? Claim ProfileThe founders of Elevate is Brian Strom.
Here are the details of Elevate's key team members:
- Brian Strom: Co-Founder & CTO of Elevate and founder of 1 other company. They serve on the board of 1 company.Contact Info: 1 email address
Elevate's Board of Directors
Elevate's board has 14 active members. Brian Strom, Jim Lynch, Randy Fernando, Scott Rose, Ellie Wheeler, Sean Jacobsohn, Michael C. Brown, Jr., Ruth Foxe Blader, Keith Soranno, James Brian Cosgray, Melanie Hallenbeck, Michael Brown, Jr., Alicia Oberg and Christian Ostberg are independent board members.Here is the list of Elevate's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Independent board member | - | Current | 5y 8m | |
eqdyuv{ | Independent board member | - | Current | 9y 3m |
cxtsbon | Independent board member | - | Current | 9y 8m |
mnqhrod | Independent board member | - | Current | 8y 3m |
mjochmv | Independent board member | - | Current | 1y 5m |
kqfxxmn | Independent board member | - | Current | 2y 5m |
{{fkhwn | Independent board member | - | Current | 8y 4m |
fmkxsjb | Independent board member | - | Current | 4y 2m |
ffoxtuw | Independent board member | - | Current | 6y 2m |
ldbhyy{ | Independent board member | - | Current | 7y 7m |
oi{uxn{ | Independent board member | - | Current | 1y 3m |
xndnzen | Independent board member | - | Current | 1y 6m |
tochwjx | Independent board member | - | Current | 7y 2m |
wpjeiwu | Independent board member | - | Current | 5y 7m |
View details of Elevate's Founder profiles and Board Members
Elevate's employee count trend
Elevate has 34 employees as of May 26. Here is Elevate's employee count trend over the years:
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Elevate's Competitors and alternates
Top competitors of Elevate include ePassi, Businessolver and Clair. Here is the list of Top 10 competitors of Elevate, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Online payment solution for businesses | $45.4M | 74/100 | ||
2nd | Businessolver 1998, West Des Moines (United States), Late Stage | Cloud-based employee benefits administration solution | $65.2M | 74/100 | |
3rd |  Clair 2019, New York City (United States), Series B | Cloud-based employee benefits platform for on-demand pay | $67.7M | 71/100 | |
4th |  Nava Benefits 2019, New York City (United States), Series C | Provider of employee benefits brokerage and administrative services | $90M | 70/100 | |
5th | Bswift 1996, Chicago (United States), Acquired | Provider of benefits administration solutions for enterprises | $51M | 69/100 | |
6th | eHealth 1997, Mountain View (United States), Public | Online health insurance comparison platform for individuals and small businesses | $44M | 69/100 | |
7th |  Bennie 2019, New York City (United States), Series A | Provider of employee benefits platform and brokerage services for employers | $100M | 64/100 | |
8th | Ease 1994, San Francisco (United States), Acquired | Cloud-based platform for employee benefits administration | $60M | 64/100 | |
9th | Empyrean 2006, Houston (United States), Acquired | Provider of employee benefits solutions for enterprises | $56M | 63/100 | |
10th | BenefitHub 1999, Tampa (United States), Acquired | Online benefits marketplace for health benefits | - | 62/100 | |
36th |  Elevate 2020, Denver (United States), Series B | Online employee benefits solution for enterprises | $48M | 51/100 |
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Elevate's Investments and acquisitions
Elevate has made no investments or acquisitions yet.
Reports related to Elevate
Here is the latest report on Elevate's sector:
News related to Elevate
Filter this list•
Gusto Partners with Elevate to Enhance Consumer Benefit Account OfferingsPR Newswire•Jun 11, 2025•Elevate, Gusto
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Elevate Named to Inc.'s 2024 Best in Business List as On the Rise Company for Technology Modernizing Consumer Benefits AccountsPR Newswire•Dec 04, 2024•Elevate
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Elevate Secures $20 Million in Growth Funding, Led by Fin Capitalintelligence360•Nov 15, 2024•Fin Capital, Elevate, SaaS Ventures, Anthemis Group
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Elevate: Benefits Administration Platform Company Raises $20 Million (Growth Funding)Pulse 2.0•Nov 08, 2024•Elevate, Fin Capital, Anthemis Group, SaaS Ventures
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Denver-based consumer administration startup Elevate raises USD 8 million in fundingVcbay News•Apr 14, 2023•Elevate, Fin Capital, Norwest Venture Partners, Greycroft and 3 others
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Elevate Raises $28M in FundingFinSMEs•Apr 12, 2023•Elevate, Anthemis Group, Fin Capital, Norwest Venture Partners and 3 others
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Elevate Benefits Platform Raises $28 Million in Growth FundingSilicon Valley Journals•Apr 12, 2023•Elevate, Anthemis Group, Fin Capital, Norwest Venture Partners and 4 others
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