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HomeEdTech MarketChicago-Based Elevate K-12 Receives $25M Investment

Chicago-Based Elevate K-12 Receives $25M Investment

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Elevate K-12, a Chicago-based company that provides high-quality synchronous LIVE teaching for K-12 classrooms in the United States, has recently secured $25 million from Trinity Capital Inc., an internally managed business development company that offers diversified financial solutions to growth-stage companies with institutional equity investors. This new growth capital will enable Elevate to increase working capital, scale operations, and fund growth initiatives.

Founded by Shaily Baranwal, Elevate K-12 aims to enable high-quality, live teaching for every learner in the United States, so they receive the education they need to identify and pursue their unique passions in life. Schools and districts partner with the platform to solve teacher shortage challenges and provide effective and engaging instruction to their students. The platform’s tech-enabled service was built for K-12 education and is powered by state-certified, passionate teachers using state-aligned curricula. The company is rapidly expanding throughout the U.S., providing equity in education nationwide.

Speaking on the fundraising, Shaily Baranwal, CEO and Founder of Elevate, said:

Elevate is boldly creating a new category of LIVE teaching, a revolutionary approach to education. This capital enables us to accelerate our ability to serve the needs of schools, districts, students, and teachers and continue our innovative journey.

Before Elevate K-12, Shaily founded two other companies, including a chain of preschools for low-income students in rural India, and is a former classroom teacher herself. Kevin Zeidan, Managing Director of Tech Lending at Trinity, expressed his enthusiasm for the investment:

We are thrilled 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.

For regular updates about Moodle, eLearning and edtech industry, please visit us regularly at https://lmsdaily.com. You can also like us on Facebook or follow us on Twitter, or Subscribe our YouTube Channel.

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Jaswinder Singh
Jaswinder Singhhttps://lmsdaily.com
I am an experienced Moodle Professional with experience in Moodle Course Creation, Moodle Setup, Moodle Integration, Moodle Training, Moodle Support & troubleshooting. YI am the author of popular books - "How to use Moodle 4.1" and "how to use Moodle 2.7". I work with one goal in mind “CUSTOMER SATISFACTION” – whether this means working to achieve results within a specific deadline (or beating the deadline), or with a focus on solid quality, if my client requires the job to be done I will go out of my way to achieving whatever it is that is necessary to do so. Basically, I can take care of your all Moodle requirements so that you can focus on your core job and I will manage your Moodle LMS.

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