Elevate Labs

Elevate Labs

Mobile apps for cognitive skills enhancement

About

Elevate Labs develops mobile applications aimed at improving cognitive skills and mental well-being. Their primary app, Elevate, helps users enhance their reading, writing, and math abilities, and has received recognition as Apple's App of the Year. The second app, Balance, provides personalized meditation sessions designed to reduce stress, improve sleep, and enhance focus, earning accolades as Google's Best App of 2021. Unlike many competitors, Elevate Labs operates as a fully distributed company, emphasizing a healthy work culture and employee satisfaction. The company's goal is to support individuals in their journey towards better cognitive and mental health through subscription-based services and in-app purchases.

Company Stage

Series B

Employees

51-200

Industries

Consumer Software, Social Impact, Education

Total Funding

$20.7M

Headquarters

N/A

Founded

2014


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Simplify's Take

What believers are saying

  • Working at Elevate Labs offers the opportunity to be at the forefront of mental fitness technology, a rapidly growing field.
  • The company's commitment to scientific research and data-driven approaches ensures that employees are contributing to evidence-based solutions.
  • Elevate Labs' innovative use of gamification can lead to high user engagement and satisfaction, reflecting positively on the company's success.

What critics are saying

  • The niche focus on cognitive training may limit the company's market reach compared to broader wellness platforms.
  • Dependence on user data for personalized training programs raises privacy and security concerns.

What makes Elevate Labs unique

  • Elevate Labs focuses on cognitive training and mental fitness, setting it apart from general wellness apps that do not specialize in brain health.
  • The company's use of personalized training programs based on user data provides a tailored experience that many competitors lack.
  • Elevate Labs leverages scientific research and gamification to make cognitive training engaging and effective, unlike traditional methods.

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Growth & Insights
Headcount

6 month growth

8%

1 year growth

4%

2 year growth

18%

Benefits

Competitive salary and equity

Medical, dental, and vision insurance for you and your family

Distributed team flexibility, with a home-office stipend and co-working reimbursement

Annual learning, wellness, and travel stipends

Generous PTO, flexible sick leave, and paid parental leave

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