Kayne Partners invests in Elevate
Summary
LOS ANGELES – June 17, 2019 – Law company Elevate today announced it has secured a $25 million minority investment from Kayne Partners to scale operations to meet increasing customer demand and to enhance its Cael enterprise legal management software. Our AI-powered enterprise legal management software platform supports process transformation for some of the most innovative global companies and law firms in the world.” Elevate has grown by an average of 65 percent per annum for the past five years, with 2019 sales forecasted to exceed $75 million. Elevate plans to leverage its partnership with Kayne Partners to accelerate this growth by continuing to bring new and innovative solutions to the legal sector. The company’s team of lawyers, engineers, consultants and business experts extend and enable the resources and capabilities of customers worldwide. Kayne Partners seeks to partner with driven entrepreneurs and provide capital to high growth companies at a transformative point in their life cycle in the following industries: security & compliance, supply chain & logistics, financials, industrials, healthcare, and media & telecom.