Anthemis led a $28m round in Elevate.

Anthemis, a provider of strategic and investment advice, led a $28m round in Elevate, a consumer-directed benefits administration platform, with participation from Fin Capital, Norwest Venture Partners, Greycroft, Bowery Capital, and Firebolt Ventures. "We are honored to have the support of our new investors, who share our vision for the future of benefits technology. Legacy platforms, such as Alegeus, Wex, HealthEquity, Optum, and Payflex that power most solutions in the market were all built using the best technology practices at the time, but two decades later are facing a mountain of tech debt. Our full administration platform is built using the best technology practices of today," Brian Cosgray, Elevate CEO and Co-Founder.