Elevate lands $28M to help employers better manage benefits

Elevate, a consumer benefits administration platform, today announced that it raised $28 million in a funding round led by Anthemis with participation from Fin Capital Norwest Venture Partners, Greycroft, Bowery Capital, and Firebolt Ventures.
The new cash, which brings Elevate’s total raised to $43 million, will be put toward product development, hiring and customer acquisition, according to CEO Brian Cosgray.
“Having worked at legacy benefits companies, Elevate’s founding team all saw what the industry lacked — flexible and scalable technology that met the needs of the chan

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