Trinity Capital announced the commitment of $25 million in growth capital to Elevate K-12 ("Elevate"), a Chicago-based company that provides high-quality synchronous LIVE teaching for K-12 classrooms in the United States.

Elevate delivers high-quality LIVE teaching to K-12 classrooms from state-certified and qualified teachers to solve the challenges caused by teacher vacancies across the country. The company was featured in Time and Statista's list of the top 250 EdTech companies and was recently recognized as one of Forbes' America's Best Startup Employers for 2024.

"We are excited to be part of the Elevate K-12 journey," said Kevin Zeidan, Managing Director, Tech Lending at Trinity. "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."

This new growth capital will enable Elevate to increase working capital, scale operations, and fund growth initiatives.

"Elevate is boldly creating the new category of LIVE teaching to ensure all children receive a remarkable education, because that is what they deserve," said Shaily Baranwal, CEO and Founder of Elevate. "This capital enables us to accelerate our ability to serve the needs of schools, districts, students, and teachers."