US EditionElevate Capital Portfolio Company TrueLark Acquired by Weave Communications
- On May 6, 2025, Elevate Capital announced from Portland, Oregon, that Weave Communications acquired TrueLark, an AI-powered automation platform for small businesses.
- Elevate Capital, founded in 2016 as the first institutional-backed fund targeting underestimated founders, had been one of TrueLark's largest investors since 2017 with follow-on investments.
- Elevate supported TrueLark through board observation starting in 2024 and leveraged its extensive network and healthcare technology expertise to help scale TrueLark's AI solutions serving thousands of businesses.
- Nitin Rai, founder of Elevate Capital, expressed strong admiration for the achievements of the TrueLark team, while CEO Srivatsan Laxman thanked Elevate for their early and ongoing support of the company’s vision.
- The acquisition marks Elevate Capital's eighth successful exit, validates TrueLark's technology and vision, and is expected to enhance Weave's leadership in AI-driven front-office automation.
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30 Articles
Elevate Capital Marks Milestone Exit with TrueLark Acquisition by Weave Communications
Weave's acquisition of TrueLark strengthens its position in front-office automation and accelerates its AI product roadmap. The integration allows Weave to expand into new business verticals while continuing to deliver value to its core healthcare market.
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