# Elate

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/elate

- Industry: Software
- Headquarters: Indianapolis, US
- Website: www.goelate.com
- Total disclosed funding: $4.9M
- Latest round: Series A (Feb 3, 2023)
- Investors on record: 8

## About

Elate, Inc., based in the US, specializes in developing a software platform aimed at enhancing strategic execution for organizations through advanced planning and collaboration tools.Founded in 2019 in Indianapolis, US, Elate, Inc. focuses on providing a Strategy Execution Platform. The company has completed two deals, with the most recent occurring on February 3, 2023. Elate raised USD 4.9 million in Series A funding led by WestWave Capital, with participation from several investors such as Capital Midwest Fund and Elevate Ventures. The founders, Abby Parker and Brooks Busch, have established a firm that addresses strategic planning challenges faced by businesses.Elate offers a comprehensive Strategy Execution Platform tailored for Strategy Leaders and Chiefs of Staff. Its platform enhances strategic planning by providing tools for team alignment, strategy execution, and measurable outcomes. Key features include intuitive dashboards for tracking objectives, reporting capabilities, and collaborative functionalities that improve interdepartmental communication. Elate’s software enables clients to transition from conventional task management to a results-oriented approach, catering to various high-growth companies across North America, Europe, and Asia.Elate generates revenue primarily through subscription-based models, providing tiered pricing plans to accommodate diverse organizational needs. Clients typically enter annual agreements to utilize the platform's strategic execution capabilities. The business model is characterized by direct B2B relationships, where clients can choose between standard or premium offerings, which may include additional features or personalized support.In March 2023, Elate, Inc. secured USD 4.9 million in Series A funding, led by WestWave Capital, to support its growth initiatives. The company plans to launch a new product line and enhance its marketing strategies. Elate aims to expand its presence in new geographic markets, focusing on strategic growth areas to increase its client base and operational footprint.

## Funding rounds

- Series A, Feb 3, 2023, $4.9M — Pritzker Group Venture Capital, Capital Midwest Fund, Serra Ventures, Hyde Park Angels, Elevate Ventures, M25, WestWave Capital, Flywheel Fund

## Investors

- Pritzker Group Venture Capital (https://capitalatlas.ai/funds/pritzker-group-venture-capital) — Series A
- Capital Midwest Fund (https://capitalatlas.ai/funds/capital-midwest-fund) — Series A
- Serra Ventures (https://capitalatlas.ai/funds/serra-ventures) — Series A
- Hyde Park Angels (https://capitalatlas.ai/funds/hyde-park-angels) — Series A
- Elevate Ventures (https://capitalatlas.ai/funds/elevate-ventures) — Series A
- M25 (https://capitalatlas.ai/funds/m25) — Series A
- WestWave Capital (https://capitalatlas.ai/funds/westwave-capital) — Series A
- Flywheel Fund (https://capitalatlas.ai/funds/flywheel-fund) — Series A