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Elever Secures $1.1M Pre-Series A Funding, Targets ₹1,000 Crore AUM
Elever Secures $1.1M Pre-Series A Funding, Targets ₹1,000 Crore AUM
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BTCCSquare news:
SEBI-registered portfolio management firm Elever has raised $1.1 million in a pre-Series A round, bringing total funding to $4 million. The Bengaluru-based company aims to reach ₹1,000 crore in assets under management within two years.
Brand Capital, the investment arm of The Times of India Group, led the round with participation from global CXOs and existing investors. Proceeds will scale Elever's quantitative PMS strategies, combining rule-based and factor investing for risk-adjusted returns.
The firm recently launched Factorcapro PMS, India's first monthly-income focused strategy for conservative investors. A Series A raise is planned within 12 months as Elever positions itself at the forefront of wealth-tech innovation.
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