Diversified financial solutions company Trinity Capital announced it has committed $25 million in growth capital to Elevate K-12, which is a Chicago-based company that provides high-quality synchronous LIVE teaching for K-12 classrooms in the US.
Elevate offers 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. And its tech-enabled service was built for K-12 education and is powered by certified, qualified teachers using state-aligned curriculums.
This new growth capital will help Elevate increase working capital, scale operations, and fund growth initiatives.
KEY QUOTES:
“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.”
– Kevin Zeidan, Managing Director, Tech Lending at Trinity
“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.”
– Shaily Baranwal, CEO and Founder of Elevate
