Elevate Security’s $8.25 Million Series A1 Financing

Fenwick & West LLP advised Elevate Security on the deal.

Elevate Security, the first human risk management platform of its kind, announced $8.25 million in funding as well as the hiring of veteran marketing leader, Suresh Balasubramanian, to accelerate growth. The Series A1 investment round was led by the Foundry Group, with additional investments from Salesforce Ventures and Shasta Ventures. Existing investors Costanoa Ventures and Defy also participated bringing Elevate Security’s total funding to $18.3M. The investment round and hiring of senior marketing leadership will help to expand go to market capabilities, catalyze growth and to further revolutionize the way the industry manages employee risk.

Elevate Security, the leader in Human Risk Management software helps security leaders in enterprises measure, reduce and communicate human risk to keep their companies safe from cyber threats.

The Fenwick transaction team included corporate partner Michael Brown (Picture) and associates Taimur Case and Ethan Mackay.

Involved fees earner: Michael Brown – Fenwick & West LLP; Taimur Case – Fenwick & West LLP; Ethan Mackay – Fenwick & West LLP;

Law Firms: Fenwick & West LLP;

Clients: Elevate Security Inc;

Author: Ambrogio Visconti