ELEVATEElevate is a global law company that provides expert-led, AI-powered routine legal solutions to corporate law departments and law firms. To accelerate growth and expand its global delivery platform, Elevate partnered with Runway Growth Capital for non-dilutive, growth-focused financing.
In 2023, Runway provided a $40 million senior secured term loan to refinance existing debt. As Elevate delivered strong revenue growth, improved profitability, and consistent execution against its platform strategy, Runway increased the facility by $20 million in 2024, bringing total committed capital to $60 million. The expanded commitment reflected Runway’s conviction in Elevate’s operating performance, disciplined capital deployment, and long-term vision as a scaled, AI-powered law company.
Elevate used this capital to invest in its Enterprise Legal Management software platform with agentic AI capabilities to improve the speed, quality, and efficiency of its ‘human in the lead’ services, and continued to expand global service delivery capabilities. With financing aligned to management’s roadmap, Elevate made several targeted acquisitions to strengthen and diversify offerings across AI and data science, contracts, discovery, entity management, intellectual property, legal operations, talent, and international markets.
The multi-year partnership underscores Runway’s long-term approach to backing management teams building durable, high-growth businesses, supporting Elevate’s ambition to become the leading law company, designed for the business of law.
