Elevate, a Denver CO-based consumer directed benefits platform, raised $12M n Series A funding.
The round was led by Greycroft and Norwest Venture Partners with participation from existing investor Bowery Capital.
The company intends to use the funds to accelerate growth and expand operations.
Led by Scott Rose (COO), Melanie Hallenbeck (CGO), Brian Strom (co-founder, CTO) and Brian Cosgray (co-founder, CEO), Elevate provides a platform that brings to consumers directed benefits with a plan of pre-tax benefits from a single dashboard, whether on the web or mobile.
Made available in addition to standard benefit plans like medical and dental, popular consumer directed benefits include flexible spending accounts (FSA), health savings accounts (HSA), health reimbursement arrangements (HRA), commuter benefits, tuition reimbursement and fertility benefits.
All benefits can be accessed and delivered through one contactless card. Claims are processed instantly and reimbursement takes place within minutes.
FinSMEs
04/10/2021