Another Entrepreneurial AI-Driven Success Story from Elevate Capital’s Investment Portfolio.
PORTLAND, Ore., May 6, 2025 /PRNewswire/ — Elevate Capital, the nation’s first institutional-backed inclusive venture capital fund, today announced the acquisition of its portfolio company TrueLark by Weave Communications, Inc., a leading all-in-one experience platform for small and medium-sized healthcare businesses. The acquisition represents another milestone exit for Elevate Capital and is a testament to its strategy of backing diverse founding teams building disruptive technologies, including AI.
TrueLark, headquartered in Palo Alto, Calif., is a pioneering AI-powered front-desk automation platform that serves thousands of healthcare, beauty, and wellness businesses. The platform uses advanced conversational AI to handle tasks like appointment scheduling, rescheduling, and answering common questions—reducing staff workload while improving customer engagement and retention.
“The acquisition by Weave validates the strength of TrueLark’s technology, team and vision.” Nitin Rai, Elevate Capital