Elevate: Funding, Investors & Team (Oct 2026)
Elevate provides a cloud-based service for employee benefits, allowing workers to receive their reimbursements quickly into a bank account, card, or digital wallet. The platform also includes a real-time claims processing system that merges multiple cash cards into a single interface for mobile payments without the need for physical cash. This helps companies streamline their account management process.
Elevate has raised $58.4M across 3 funding rounds on record, the most recent an undisclosed round of $20.0M announced in Oct 2024.
That round is above the $5.0M median round size for Administrative Services companies tracked on FundedIQ over the last two years.
Elevate Company Profile and Key Stats
Latest funding round on record: Oct 2024.
Elevate Funding Rounds
Elevate raised $10.4M in an undisclosed round announced in Mar 2022.
1.1 years later, a Series B of $28.0M was announced in Apr 2023.
1.5 years later, an undisclosed round of $20.0M was announced in Oct 2024.
Elevate Founders and Leadership Team
Contact details for the Elevate team: 1 of 1 has an email address on file.
Start 14-day free trial →Elevate Funding Compared to Other Administrative Services Startups
Elevate's latest round of $20.0M is above the median round in Administrative Services. Medians cover the last 24 months of disclosed rounds.
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Elevate Funding FAQs
What does Elevate do?
Elevate provides a cloud-based service for employee benefits, allowing workers to receive their reimbursements quickly into a bank account, card, or digital wallet. The platform also includes a real-time claims processing system that merges multiple cash cards into a single interface for mobile payments without the need for physical cash. This helps companies streamline their account management process.
How much funding has Elevate raised?
Elevate has raised $58.4M across 3 rounds on record. The most recent is an undisclosed round of $20.0M announced in Oct 2024.
When did Elevate last raise funding?
Elevate's most recent funding round on record is an undisclosed round of $20.0M, announced in Oct 2024.
Who is the CEO of Elevate?
Brian Cosgray is listed as CEO at Elevate.
Where is Elevate headquartered?
Elevate is based in Denver, Colorado, United States.
How many employees does Elevate have?
Elevate is in the 11-50 employee band.
How does Elevate's funding compare to other Administrative Services startups?
Elevate's latest round of $20.0M is above the $5.0M median round size for Administrative Services companies on FundedIQ across 1,897 tracked companies over the last two years.
About FundedIQ's Elevate Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Elevate is left off this page rather than filled in.
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