Elate, a cloud-based strategic planning software company, today announced a $4.9 million Series A funding round led by enterprise startup investor WestWave Capital. Elate, co-founded by Chief Executive Officer Brooks Busch and Chief Operating Officer Abby Parker, and adored by world-class Strategy and Operations Leaders at companies such as Seismic, Buildertrend, and Thornburg, enables companies to connect long-term vision with tactical execution in a simple, intuitive manner.
The funds will be used to make significant investments in product development as well as to support current and prospective customers through an expanded go-to-market strategy.
Elate’s all-in-one platform and strategic planning solution assist businesses in defining strategies and tracking execution across disparate teams. Beyond a traditional objectives and key results (OKRs) framework, Elate’s platform guides leaders through a strategic planning process, providing recommendations and best practices for high-level execution and removing internal silos to maximize transparency across the organization. As a result, Elate customers can build, deliver, and report on their strategy in a more timely and efficient manner.
The Series A funding round was led by WestWave Capital, with additional new investment from The Pritzker Group Venture Capital, Hyde Park Angels (HPA), and Capital Midwest Fund. Elevate Ventures also made a significant follow-on investment in the round, and Serra Ventures, M25, and the Flywheel Fund continued to participate.
