BAM Elevate

BAM Elevate is a private investment firm established in 2001 and based in Chicago, Illinois. Specializing in growth and expansion investments, the firm targets breakout companies in transformational industries that demonstrate potential for long-term value creation. BAM Elevate focuses on growth-stage and later-stage companies, emphasizing the development of industry-leading technology platforms. The firm conducts thorough fundamental research and employs quantitative research techniques to inform its investment strategies. Additionally, BAM Elevate manages hedge funds and operates as a Registered Investment Adviser.

Pavlos Anagnou

Managing Director, Client Relationship Group

Norman Chen

Partner

Yujin Chung

Operating Director (Go to Market)

Ben MacShane

Investor

Jamie McGurk

General Partner

Gaurika Sharma

Investor

Esther Shinn

Principal

32 past transactions

Pattern

Series B in 2022
Pattern operates an online marketplace focused on home products, aiming to create a family of consumer goods brands united by a common mission. The company offers a range of items, including storage boxes, kitchen tools, and serving trays, all made from sustainable materials. By curating product selections tailored to specific rooms such as bedrooms, kitchens, and bathrooms, Pattern enables customers to easily find and purchase eco-friendly products that enhance their living spaces. The brand emphasizes building personal relationships with consumers to better understand and meet their needs.

Deel

Venture Round in 2022
Deel is a developer of a payroll platform used to re-imagine payouts for businesses working with remote contractors. The platform is used by remote teams that connect localized compliance and automates payments in one system of record, as well as provides contracts and templates to be used for tax forms and localized contracts, automated payment, invoicing and receipts, and customer support. It aims to offer to every company that hires remote talents a one-stop-shop that makes onboarding, global compliance, and payments easier. The company was founded by Alex Bouaziz, Ofer Simon, and Shuo Wang in 2018 and is headquartered in San Francisco, California.

Activ Surgical

Series B in 2022
Activ Surgical Inc. is a Boston-based company focused on developing innovative solutions for robotic surgery. Founded in 2014, the company has created a robotic surgery platform that leverages advanced computer vision, artificial intelligence, and robotics to assist surgeons during complex procedures. Its flagship product, the Smart Tissue Autonomous Robot (STAR), aims to improve surgical outcomes by enhancing intraoperative decision-making and reducing the risk of unintended surgical errors. By utilizing a patent-protected surgical software platform, Activ Surgical strives to transform surgical vision and enable safer, more efficient surgeries through the integration of augmented reality and AI-driven technologies.

Uniphore

Series E in 2022
Uniphore is a global technology company that specializes in multilingual speech recognition software for speech analytics, virtual assistance, and voice biometrics. Founded in 2008 and headquartered in Chennai, India, with additional offices in the U.S., Philippines, UAE, and Singapore, Uniphore aims to enhance customer service through its integrated suite of software products. Its offerings include auMina, which provides conversational analytics to transform customer interactions; akeira, an AI-enabled conversational assistant designed to improve customer engagement; and amVoice, a solution focused on preventing fraud and identity theft. Uniphore serves various sectors, including banking, insurance, retail, healthcare, and education, helping businesses leverage AI and automation technologies to improve customer engagement, build loyalty, and achieve operational efficiencies.

Instrumental

Series C in 2022
Instrumental, Inc. specializes in developing software that enhances the efficiency of assembly lines by enabling them to operate autonomously, learn, and adapt to various processes. Founded by former Apple engineers Anna-Katrina Shedletsky and Samuel Weiss, the company aims to address inefficiencies in manufacturing, ultimately saving significant costs related to scrap and rework. Instrumental's software allows manufacturers to quickly identify and resolve issues on their assembly lines, thereby preventing production delays and improving yield rates. The service is employed by leading manufacturers globally and focuses on analytics that provide insights into assembly line performance, allowing engineers to evaluate part dimensions and diagnose problems in real-time without needing physical access to the production environment. Based in Saint Paul, Minnesota, Instrumental combines its software capabilities with a range of consulting and integration services to support both commercial enterprises and government agencies in optimizing their operations.

Haul

Seed Round in 2022
Operator of an on-demand job platform intended to redefine the traditional truck-driving employment model. The company connects pre-qualified truck drivers to truck fleets for CDL jobs while offering several services including automated and streamlined compliance, price transparency, coverage, and benefits for drivers, enabling commercial truck drivers to find jobs easily and truck fleets to connect to professional drivers.

Zapp

Series B in 2022
Zapp is a company that specializes in on-demand delivery services, focusing on providing essential items swiftly and conveniently. Founded in 2020 and based in Kent, United Kingdom, Zapp offers a platform that allows customers to order groceries and other everyday necessities from local stores, delivering them directly to their doors. The service operates 24/7, ensuring that users can access a wide range of products, including snacks, drinks, and groceries, all within minutes. Zapp is supported by prominent investors and boasts a team with significant experience from leading companies in the delivery and e-commerce sectors.

Leap

Series B in 2022
Leap Services, Inc. operates a retail-as-a-service platform designed to support consumer brands in establishing their physical store presence. Founded in 2018 and headquartered in Chicago, the company facilitates store development and operations by providing the necessary infrastructure, including physical space, staffing, and technology management. Leap's platform aims to enhance the retail experience by creating a seamless, omnichannel environment that caters to customer preferences. The company manages retail locations in major cities such as New York City, San Francisco, Chicago, and Miami, positioning itself as a key player in transforming the retail landscape for high-growth brands.

Leap

Series B in 2022
Leap Services, Inc. operates a retail-as-a-service platform designed to support consumer brands in establishing their physical store presence. Founded in 2018 and headquartered in Chicago, the company facilitates store development and operations by providing the necessary infrastructure, including physical space, staffing, and technology management. Leap's platform aims to enhance the retail experience by creating a seamless, omnichannel environment that caters to customer preferences. The company manages retail locations in major cities such as New York City, San Francisco, Chicago, and Miami, positioning itself as a key player in transforming the retail landscape for high-growth brands.

Envoy

Series C in 2022
Envoy is transforming modern workplaces by providing software solutions that enhance the office experience. Operating in over 13,000 locations worldwide, the company offers tools that help organizations manage visitor interactions and deliveries efficiently. Prominent companies like Slack, Asana, Pinterest, and Warby Parker utilize Envoy's services to create a welcoming atmosphere for guests while ensuring security and compliance. The Envoy Visitors platform supports over 100,000 daily sign-ins, facilitating a seamless check-in process that prioritizes safety and organization. Additionally, Envoy Deliveries streamlines package management, preventing mailroom congestion and communication delays. With a focus on connecting people, spaces, and data, Envoy enables organizations to make informed decisions about workplace occupancy and utilization, ultimately fostering a productive work environment.

Alloy

Series C in 2021
Alloy Online is a prominent digital media and marketing company based in New York, catering primarily to the 12-34 demographic. It operates as an e-commerce destination site and apparel cataloger for teens, combining a robust online shopping experience with a highly trafficked community platform that features interactive elements such as email, chat, and social networking. Additionally, Alloy's services include nontraditional media programs that effectively reach targeted consumer segments through various channels, including interactive and display advertising, direct mail, content production, and educational programming. By focusing on entertainment and lifestyle trends, Alloy Online provides its audience with inspiration and recommendations across a range of interests, including shows, movies, health, and fitness.

Untapped

Series C in 2021
Untapped, founded in 2017 and based in San Francisco, California, operates an online job search portal specifically designed to assist individuals in finding employment opportunities. The platform utilizes machine learning to connect students with innovative companies, prioritizing their interests, values, and experiences over traditional resumes. This approach aims to create equal opportunities for students in a competitive job market, mitigating biases that often affect hiring processes. Employers can also leverage Untapped to post job vacancies, making it a comprehensive solution for both job seekers and companies.

Nature's Fynd

Series C in 2021
Nature's Fynd develops a protein production platform from extremophile organisms for consumer and industrial applications. The company was formerly known as Sustainable Bioproducts, Inc. Nature's Fynd was incorporated in 2016 and is headquartered in Chicago, Illinois with an additional office in Bozeman, Montana.

Illumio

Series F in 2021
Illumio, Inc. is a cloud-based security company specializing in protecting data and information from cyber threats. Founded in 2012 and headquartered in Sunnyvale, California, Illumio develops the Adaptive Security Platform (ASP), which provides security for data center and cloud traffic. The company's offerings include Illumination, an application traffic mapping tool; Enforcement, which focuses on application nano-segmentation; and SecureConnect, a data protection solution. Illumio employs adaptive segmentation technology to prevent unauthorized communications and control lateral movement within networks, enhancing security for its clients, which include notable organizations such as Plantronics, Yahoo, and NTT Innovation Institute, Inc. The leadership team consists of industry veterans with extensive backgrounds in virtualization, networking, and security.

Flyhomes

Series C in 2021
Flyhomes, Inc., founded in 2015 and based in Seattle, Washington, is an online real estate brokerage that offers a comprehensive platform for buying and selling properties. The company focuses on enhancing the home buying experience by providing consumer education, specialized expertise, and innovative financial solutions. By integrating technology into real estate transactions, Flyhomes aims to empower home buyers, sellers, and agents, making the process more efficient and accessible.

Uniphore

Series D in 2021
Uniphore is a global technology company that specializes in multilingual speech recognition software for speech analytics, virtual assistance, and voice biometrics. Founded in 2008 and headquartered in Chennai, India, with additional offices in the U.S., Philippines, UAE, and Singapore, Uniphore aims to enhance customer service through its integrated suite of software products. Its offerings include auMina, which provides conversational analytics to transform customer interactions; akeira, an AI-enabled conversational assistant designed to improve customer engagement; and amVoice, a solution focused on preventing fraud and identity theft. Uniphore serves various sectors, including banking, insurance, retail, healthcare, and education, helping businesses leverage AI and automation technologies to improve customer engagement, build loyalty, and achieve operational efficiencies.

Airwallex

Series D in 2021
Airwallex is a technology company based in Hong Kong that specializes in providing a global payments and financial platform. Its services facilitate international transactions for businesses of all sizes, allowing them to make and receive payments efficiently and cost-effectively. By integrating advanced technology with a comprehensive ecosystem of application programming interfaces, Airwallex streamlines financial processes, enabling clients to issue and pay invoices in their preferred currency at competitive exchange rates. The platform addresses the complexities of the traditional financial system, helping businesses save time and reduce costs while expanding their operations both domestically and internationally. With a focus on empowering companies to thrive in a borderless digital economy, Airwallex plays a significant role in enhancing global commerce.

VAST Data

Venture Round in 2021
VAST Data, Inc. is a New York-based company specializing in data storage solutions designed to simplify and enhance data management for various demanding applications. Founded in 2016, VAST offers a universal storage platform that utilizes Intel's Optane SSDs as a cache for data stored on quad-level cell (QLC) SSDs, effectively eliminating the need for complex storage tiering and traditional hard disk drives. The company's all-flash storage system consolidates multiple applications, catering to sectors such as animation, deep learning, enterprise backup recovery, life sciences, and quantitative trading. By redefining the economics of flash infrastructure, VAST makes it feasible for organizations to store all their data on flash, thereby improving performance and operational efficiency. With an emphasis on scalability and productivity, VAST Data accelerates time-to-insight for workload-intensive applications, enabling businesses to leverage advanced analytics more effectively.

Harness

Series C in 2021
Harness, Inc. is a technology company that offers a Continuous Delivery-as-a-Service platform designed to simplify the process of deploying code from artifact to production. Founded in 2015 and based in San Francisco, California, Harness utilizes machine learning to automate the continuous delivery process, thereby enhancing efficiency and security for engineering and DevOps teams. Its platform features a variety of tools including a pipeline builder, workflow wizard, continuous verification, automated rollback, secrets management, audit trails, and real-time delivery analytics. This comprehensive approach aims to streamline application releases while providing robust protection against deployment failures.

Airwallex

Series D in 2020
Airwallex is a technology company based in Hong Kong that specializes in providing a global payments and financial platform. Its services facilitate international transactions for businesses of all sizes, allowing them to make and receive payments efficiently and cost-effectively. By integrating advanced technology with a comprehensive ecosystem of application programming interfaces, Airwallex streamlines financial processes, enabling clients to issue and pay invoices in their preferred currency at competitive exchange rates. The platform addresses the complexities of the traditional financial system, helping businesses save time and reduce costs while expanding their operations both domestically and internationally. With a focus on empowering companies to thrive in a borderless digital economy, Airwallex plays a significant role in enhancing global commerce.

Alloy

Series B in 2020
Alloy Online is a prominent digital media and marketing company based in New York, catering primarily to the 12-34 demographic. It operates as an e-commerce destination site and apparel cataloger for teens, combining a robust online shopping experience with a highly trafficked community platform that features interactive elements such as email, chat, and social networking. Additionally, Alloy's services include nontraditional media programs that effectively reach targeted consumer segments through various channels, including interactive and display advertising, direct mail, content production, and educational programming. By focusing on entertainment and lifestyle trends, Alloy Online provides its audience with inspiration and recommendations across a range of interests, including shows, movies, health, and fitness.

Latch

Series B in 2019
Latch is a New York-based company that enhances access management for modern buildings through its innovative keyless entry security systems. The company offers a comprehensive solution that allows property owners to manage all doors within multi-family buildings via a smartphone application. This system also enables residents to grant time-limited access to guests and service providers, improving convenience and security. LatchOS, the software platform developed by the company, operates across North America, serving diverse environments from affordable housing to luxury residential towers. Latch collaborates with a range of real estate developers, from large corporations to local property owners, to improve the living, working, and visiting experiences in various types of buildings.

Illumio

Series E in 2019
Illumio, Inc. is a cloud-based security company specializing in protecting data and information from cyber threats. Founded in 2012 and headquartered in Sunnyvale, California, Illumio develops the Adaptive Security Platform (ASP), which provides security for data center and cloud traffic. The company's offerings include Illumination, an application traffic mapping tool; Enforcement, which focuses on application nano-segmentation; and SecureConnect, a data protection solution. Illumio employs adaptive segmentation technology to prevent unauthorized communications and control lateral movement within networks, enhancing security for its clients, which include notable organizations such as Plantronics, Yahoo, and NTT Innovation Institute, Inc. The leadership team consists of industry veterans with extensive backgrounds in virtualization, networking, and security.

Databricks

Series E in 2019
Databricks Inc. offers a unified data analytics cloud platform focused on simplifying data engineering and collaborative data science. The company's platform facilitates data integration, real-time experimentation, and the deployment of production applications for developers and data scientists. Key products include Databricks, a cloud-based data processing solution, Databricks Delta for unified data management, MLflow for managing the machine learning lifecycle, and Delta Lake for handling batch and streaming data. Databricks serves a diverse range of industries, including advertising, healthcare, financial services, and manufacturing. The company, founded in 2013 and headquartered in San Francisco with additional offices in London, Amsterdam, and Bengaluru, has formed strategic partnerships with various technology firms. Additionally, Databricks Ventures invests in companies that align with its vision for data, analytics, and artificial intelligence, particularly through initiatives like the Lakehouse Fund, which supports the development of the lakehouse architecture.

Nature's Fynd

Series A in 2019
Nature's Fynd develops a protein production platform from extremophile organisms for consumer and industrial applications. The company was formerly known as Sustainable Bioproducts, Inc. Nature's Fynd was incorporated in 2016 and is headquartered in Chicago, Illinois with an additional office in Bozeman, Montana.

Cresco Labs

Series D in 2018
Cresco Labs is a vertically-integrated multi-state cannabis operator based in Chicago, Illinois, founded in 2013. The company engages in the cultivation, manufacturing, distribution, and sale of both retail and medical cannabis products. Through its national dispensary brand, Sunnyside, Cresco Labs employs a consumer-packaged-goods approach to the cannabis market. The company aims to normalize and professionalize the cannabis industry while driving innovation within the sector.

Cuebiq

Series B in 2018
Cuebiq Inc. is a New York-based company that specializes in location and data intelligence, focusing on understanding offline consumer behavior through its platform, AudienceQ. Founded in 2011, Cuebiq offers a range of services that assist advertisers in targeting geo-behavioral audiences across various platforms, enabling effective cross-platform advertisement strategies. The company's offerings include offline campaign attribution, performance analytics, and insights into consumer interactions with points of interest. Additionally, Cuebiq provides retail services such as footfall analysis and site selection, as well as audience segmentation and data monetization for publishers. By analyzing anonymous location patterns, Cuebiq delivers actionable insights that help businesses understand real-world consumer trends and behaviors.

Bright Machines

Series A in 2018
Bright Machines, Inc. manufactures robotic arms and cells for micro factories for assembly and inspection of products. The company also develops software for manufacturing processes. Bright Machines, Inc. was founded in 2018 and is based in San Francisco, California. It has additional offices in Tel Aviv, Israel; China and Mexico.

Socure

Series B in 2017
Socure Inc. specializes in digital identity verification solutions through its Socure ID+ platform, which utilizes predictive analytics, artificial intelligence, and machine learning to authenticate identities in real-time. The platform aggregates data from various online and offline sources, such as emails, phone numbers, and social media, to support compliance with customer identification programs, know your customer guidelines, and anti-money laundering regulations. In addition to the Socure ID+ platform, the company offers tools like Aida, an AI-driven bot for identity validation, Docv for document verification, and Sigma Synthetic Fraud, which addresses synthetic identity fraud. Socure enhances financial inclusion by approving a significant percentage of millennial and thin-file consumers while substantially reducing fraud in online account openings. Founded in 2012 and headquartered in New York, Socure serves a diverse clientele, including software firms, financial institutions, and integration partners, and has established a strategic partnership with ForgeRock.

Peloton

Series E in 2017
Peloton is transforming the fitness landscape by integrating high-quality design with advanced technology to offer live and on-demand fitness classes led by top instructors. Founded in 2012 and headquartered in New York, the company operates an interactive fitness platform that includes two main segments: Connected Fitness Products and Subscription services. Revenue from Connected Fitness Products comes from the sale of its bikes and treadmills, along with accessories, delivery, installation, and extended warranties. The Subscription segment, which generates the majority of the company's revenue, includes monthly fees for connected fitness and digital subscriptions. Peloton's unique approach combines hardware, software, and engaging content, creating a socially connected workout experience that appeals to a wide audience. The company sells its products online and through an expanding network of showrooms, primarily serving customers in North America and select international markets.

Orbital Insight

Series C in 2017
Orbital Insight, Inc. is a geospatial analytics company based in Palo Alto, California, established in 2013. The company operates a cloud-based platform that utilizes artificial intelligence, computer vision, and data science to analyze vast amounts of geospatial data. This data includes satellite imagery, synthetic aperture radar, and other sources such as unmanned aerial vehicles and geolocation signals. Orbital Insight's technology provides insights into societal and economic trends that are not easily visible, helping organizations understand complex interactions between natural and human activities. Its product offerings include solutions designed for various sectors, such as consumer traffic analysis and monitoring energy supply and infrastructure. The company serves a diverse clientele, including businesses, governments, and humanitarian organizations, enabling them to make informed decisions based on actionable intelligence derived from extensive geospatial data analysis.

Avant

Series E in 2015
Avant, LLC is an online marketplace lending platform that provides consumers access to personal loans for various purposes, including debt consolidation, medical expenses, and vacations. Founded in 2012 and headquartered in Chicago, Illinois, with additional offices in Los Angeles and London, the company collaborates with banks and financial institutions to enhance its offerings. Utilizing big data and machine-learning algorithms, Avant delivers a tailored approach to streamline credit options for its users. In addition to serving individual consumers in the United States and the United Kingdom, Avant operates an institutional marketplace that allows investors to purchase loans generated through its technology platform. The company also focuses on risk and fraud verification, credit policy adherence, and analytics to support its lending processes.
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