PORTLAND, Ore., May 6, 2025 ~ As a journalist for a leading news outlet, it is my pleasure to report on the latest development from Elevate Capital. The nation's first institutional-backed inclusive venture capital fund has announced the acquisition of its portfolio company, TrueLark, by Weave Communications, Inc.

This acquisition marks another successful exit for Elevate Capital and showcases their strategy of supporting diverse founding teams who are creating disruptive technologies, including AI. TrueLark, headquartered in Palo Alto, California, is a pioneering front-desk automation platform powered by AI. It caters to thousands of healthcare, beauty, and wellness businesses and uses advanced conversational AI to handle tasks such as appointment scheduling and answering common questions.

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Nitin Rai, founder of Elevate Capital, expressed his excitement about the acquisition stating that it validates the strength of TrueLark's technology, team, and vision. This milestone achievement further solidifies Elevate Capital's position as a leader in supporting diverse entrepreneurs and their innovative ideas.

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