Advantage Capital Partners has led a $4 million funding round in elevate DIGITAL, which develops interactive software technology. As part of the funding, which is the first tranche in a Series B funding round, elevate DIGITAL will open a Las Vegas office.
elevate DIGITAL, a leading developer of street-level interactive software technology, will expand its presence in Nevada as part of a $4 million funding led by Advantage Capital Partners in conjunction with the company’s first tranche of Series B funding. elevate will open an office in Las Vegas, its third office company wide, creating approximately 17 new jobs and expanding their capabilities within the U.S. Additionally, the new office will provide enhanced technical support and facilitate the development of new vertical markets.
elevate DIGITAL will leverage the funding to continue the advancement of its interactive software platform and expand its IoT/ Smart City offering. The firm has active deployments in the top 25 major metropolitan markets across the country.
elevate’s platform creates the ideal source to manage and control smart technology, data and services. elevate’s collaborations with Cisco and other technology innovators has positioned the company as the leader in street-level technology. elevate DIGITAL’s most recent collaboration with Cisco was exhibiting at the IoT World Forum in Chicago to debut new technology. To learn more about the collaboration, click here.
“elevate is transforming traditional methods of communication, by enabling brands, municipalities and locations to engage with people and devices. Content, messaging, services and technology now have a voice and create engagement with users,” said George Burciaga, founder and CEO of elevate DIGITAL. “Our platform represents the next generation of social interaction at the street level, while contributing to a connective eco-system.”
“Our relationship with elevate DIGITAL began in 2012 and we are happy to continue our support with this additional investment as they expand the business in Nevada,” said Anthony Metzner, vice president at Advantage Capital Partners. “Their work thus far has been impressive and we are looking forward to being a part of their future growth. Advantage Capital has invested in a number of small businesses in Nevada through the state New Markets initiative, and our new investment with elevate DIGITAL in the Las Vegas market represents our ongoing commitment to funding economic growth in the state.”
About elevate DIGITAL
elevate DIGITAL is the leading developer of street-level software technology. The elevate platform manages and controls connective messaging, digital applications, geo-targeted services and data collection within SMART display technology. elevate’s software platform dramatically changes traditional digital technology and provides clients with a new, highly interactive channel to reach the consumer and retain data. The platform has advanced general methods of communication, by enabling brands, municipalities and locations to engage with people and devices within verticals that include; city streets, IoT, hospitality, transportation, entertainment and more. For more information, visit www.elevateDIGITAL.com.
About Advantage Capital Partners
Advantage Capital Partners provides equity and debt financing to established and emerging companies located in communities underserved by conventional sources of capital. Since 1992, the firm has invested more than $1.9 billion in companies from a diverse array of industry sectors including manufacturing, technology and business services, among others and has offices in New Orleans, St. Louis, New York, Austin and other locations.
Advantage Capital Partners is an investment adviser registered under the Investment Adviser Act of 1940. Registration does not imply a certain level of skill or training. This release is not intended to be an advertisement subject to the rules under the Investment Advisers Act of 1940.