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.
Elevate K-12 is revolutionizing K-12 education. 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.
Trinity Capital’s investment objective is to generate current income and, to a lesser extent, capital appreciation through investments, including term loans, equipment financings, and equity-related investments. Trinity Capital believes it is one of only a select group of specialty lenders with the depth of knowledge, experience, and track record in lending to growth-stage companies.
