ELEVATE by Echelon

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ELEVATE by Echelon - overview

Established

2015

Location

New York, NY, US

Primary Industry

Software

About

ELEVATE by Echelon, formerly known as Forte Nexus, Inc. , based in New York, US, focuses on innovative health and wellness solutions that enhance the quality of life through high-quality nutritional supplements and wellness products. Founded in 2015 by Lauren Foundos, ELEVATE by Echelon, formerly known as Forte Nexus, Inc. operates from its headquarters in New York, US.


The company specializes in health and wellness products and has completed a total of 5 deals. The most recent funding round occurred on July 7, 2023, raising USD 1. 30 mn, bringing the total amount raised to USD 3. 30 mn through various funding stages including a recent investment co-led by Elysian Park Ventures and The W Fund.


The company specializes in innovative health and wellness solutions designed to enhance the daily lives of its consumers. The company’s core offerings include a range of nutritional supplements and wellness products aimed at improving physical health, mental clarity, and overall well-being. These products are formulated with high-quality, natural ingredients, addressing common issues such as fatigue, stress, and nutritional deficiencies. FORTË targets a diverse clientele that includes health-conscious individuals, fitness enthusiasts, and professionals seeking to improve their lifestyle.


Its products are primarily marketed in North America, Europe, and select regions in Asia, catering to a growing consumer base that values health and wellness. The firm generates revenue through a direct-to-consumer model, primarily utilizing an e-commerce platform for sales. Customers can purchase individual products or opt for subscription plans that provide regular deliveries at discounted rates. This pricing structure enables a stable revenue stream while fostering customer loyalty through convenience.


The company’s flagship products, which include specialty supplements and wellness kits, are strategically priced to remain competitive in the market. By employing targeted marketing strategies and partnerships with wellness influencers, FORTË aims to extend its reach and establish a strong presence within the health-conscious community.


Current Investors

500 Global, SeventySix Capital, Mindshift Capital

Primary Industry

Software

Sub Industries

Education & Training Services, Search Engines, Web Applications, Music & Video Streaming Software, Application Integration Software, Analytics & Performance Software

Website

www.goforte.fit/

Verticals

Cloud Computing, EdTech

Company Stage

Angel & Seed

Total Amount Raised

Subscriber access only

ELEVATE by Echelon - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Trade SaleCompletedELEVATE by Echelon-

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