Legal Tech

Legal Tech Spotlight: Elevate

Spotlight on Elevate, an operator of a global law platform intended to provide consultancy, technology, and managed services.

Spotlight on: Elevate

Operator of a global law platform intended to provide consultancy, technology, and managed services. The company's platform assists in service operations, process improvement and technology consulting, law firm procurement, as well as law firm pricing, profitability, data analytics, outside counsel selection, workflow management, and legal project management, enabling law firms and corporate law departments to improve their operational strategy, processes, technology, support systems, and cost management.

Most Recent Financing Status

The company raised $3.30 million of venture funding from undisclosed investors on August 4, 2023. Previously, The company completed a $40 million debt refinancing round on July 19, 2023. Runway Growth Capital BDC provided $40 million of senior secured term loan to the company. The funds will refinance existing debt and provide additional working capital for company's expert-led, software-powered solutions, which include legal operations software, strategy, operational and technology consulting, flexible legal staffing and practicing lawyers, contract management, compliance, e-discovery and document review, data breach response, medical economic damages litigation support and legal spend management and invoice review.

CEO: Liam Brown

HQ Location: Tempe, AZ

Employees: 1286

Total Raised: $41.29M

Post Valuation: $160.00M

Growth Rate: 1.16% Weekly Growth (97th Percentile)

Size Multiple: 22.7x Median (95th Percentile)

Institutional Investors:

  • Buena Vista Angels
  • CEAS Investments
  • Kayne Anderson Capital Advisors
  • Morgan Stanley Expansion Capital

To learn more about WIPS Global, visit their website or follow them on X (Twitter) or LinkedIn.

Source: Pitchbook, September 2023

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