Trinity Capital announces $25m growth capital to edtech startup Elevate K-12

Trinity Capital announces $25m growth capital to edtech startup Elevate K-12

Published: 16-05-2024 11:53:00 | By: Pie Kamau | hits: 983 | Tags:
Edtech
Education
May 2024
Tech
USA
Venture Capital & Private Equity

Trinity Capital (Trinity), the provider of diversified financial solutions to growth-stage companies, announced the commitment of $25 million in growth capital to Elevate K-12 (Elevate), a Chicago-based company that provides high-quality synchronous LIVE teaching for K-12 classrooms in the United States.

Elevate delivers high-quality LIVE teaching to K-12 classrooms from state-certified and qualified teachers to solve the challenges caused by teacher vacancies across the country. The company was featured in Time and Statista's list of the top 250 edtech companies and was recently recognized as one of Forbes' America's Best Startup Employers for 2024.

Kevin Zeidan, Managing Director, Tech Lending, Trinity: "We are excited to be part of the Elevate K-12 journey. Their commitment to providing high-quality, live instruction to underserved schools across the country is essential, and we look forward to the company's continued expansion and growth."

This new growth capital will enable Elevate to increase working capital, scale operations, and fund growth initiatives.

Shaily Baranwal, CEO and Founder, Elevate: "Elevate is boldly creating the new category of LIVE teaching to ensure all children receive a remarkable education, because that is what they deserve. This capital enables us to accelerate our ability to serve the needs of schools, districts, students, and teachers."

www.trinitycap.com
www.elevatek12.com

 

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