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Elevate Labs

Cognitive skills and mental wellbeing apps

Overview

Elevate Labs builds mobile apps that improve cognitive skills and mental well-being. Its products include Elevate, an app that helps users improve reading, writing, and math through personalized exercises and activities, and Balance, an app that provides personalized meditation to reduce stress, improve sleep, and sharpen focus. The company makes money through app subscriptions and in-app purchases and serves a global audience. Elevate has won Apple’s App of the Year and Balance was named Google’s Best App of 2021, reflecting recognition for real user value. Elevate operates as a fully distributed team, emphasizing a healthy company culture and strong employee experience. The goal is to help millions of people build cognitive abilities and better mental health while providing sustainable, user-friendly tools for ongoing practice.

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About Elevate Labs

Simplify's Rating
Why Elevate Labs is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Consumer SoftwareEducationHealthcare

Company Size

51-200

Company Stage

Series B

Total Funding

$21.3M

Headquarters

San Francisco, CA

Founded

2014

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Simplify's take

What believers are saying

  • Elevate app stayed actively maintained with a November 2, 2026 release.
  • The free tier on Elevate supports acquisition and top-of-funnel conversion.
  • Brand recognition from Apple App of the Year and Google Best App boosts retention.

What critics are saying

  • Apple and Google control distribution, pricing, and ranking across both apps.
  • Calm, Headspace, and Duolingo commoditize wellness and learning subscriptions by 2027.
  • No visible 2026 funding or hiring surge signals limited growth capital and execution pressure.

What makes Elevate Labs unique

  • Elevate Labs owns two award-winning apps: Elevate and Balance.
  • Elevate app received a bug-fix update November 2, 2026.
  • Fully distributed teams support globally scaled, consumer-subscription product development.

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Funding

Total Funding

$21.3M

Below

Industry Average

Funded Over

4 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Below Average

Industry standards

$35M
$30M
$45M
$65M
$100M

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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