Elevate Capital Invests in Innovative Startups and Growth Companies

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Elevate Capital has a proven track record of investing in innovative startups and growth companies. They focus on providing capital to entrepreneurs who are driving meaningful change in their industries.

By investing in startups and growth companies, Elevate Capital is able to support the development of new technologies and business models that have the potential to disrupt traditional markets.

Related reading: Growth Capital

Investments

Elevate Capital has made 63 investments across their funds, with their latest investment being in DeFi.Gold as part of their Seed VC round on September 6, 2024, for $2.22M.

Their investments include a diverse range of companies, such as DeFi.Gold, JourneyTrack, and PredictionStrike, which have received funding in various rounds, including Seed VC and Series A.

Some notable investments include JourneyTrack, which received $1.5M in Seed VC funding on October 13, 2023, and PredictionStrike, which received $10M in Series A funding on June 21, 2023.

Investments

Elevate Capital has made a significant number of investments, with a total of 63 investments made by the firm.

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Their latest investment was in DeFi.Gold as part of their Seed VC round on September 6, 2024, with a total investment amount of $2.22 million.

Elevate Capital has a diverse portfolio, with investments in companies such as DeFi.Gold, JourneyTrack, and PredictionStrike.

Their investments have ranged from Seed VC to Series A rounds, with a total investment amount of $13.72 million in the last year.

Here is a breakdown of their recent investments:

Elevate Capital has also made investments in companies such as Rock Paper Coin, CarpeDM, and Obatala Sciences, as part of their four funds.

Notable Transaction: JourneyTrack

JourneyTrack secured $1.5 million in seed funding on October 24, 2023, to support its growth trajectory.

Elevate Capital, headquartered in Portland, led the round with a $1 million investment, while Orlando-based DeepWork Capital contributed $500,000.

Nitin Rai, Founder and Managing Partner of Elevate Capital, commented on the investment, highlighting the business proposition of JourneyTrack as the reason for their lead investment.

This marks Elevate Capital's inaugural investment in Miami, Florida, and underscores their commitment to supporting diverse founders in this thriving entrepreneurial ecosystem.

Curious to learn more? Check out: Elliott Investment Management

5 Fund Histories

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Elevate Capital has a diverse portfolio of funds, each with its own unique characteristics. Let's take a closer look at five of their funds.

Elevate Fund II, which closed on January 26, 2021, had a total amount of $26 million.

The Elevate Innovation Gap Fund, which closed on July 31, 2020, had a total amount of $XX million, but we can't see the exact figure due to the subscription requirement.

Elevate Capital Fund and Elevate Inclusive Fund both closed in 2016, with the former closing on August 31st and the latter on June 15th, but we can't see the exact amounts due to the subscription requirement.

Here's a quick summary of the five funds:

Nitin Rai, the founder of Elevate Capital, has a wealth of experience in the field, having worked at Mentor Graphics and Quintus.

Portfolio

Elevate Capital has a diverse portfolio with 63 investments across various funds. They have made 53 investments across four funds, with some notable deals including Rock Paper Coin, CarpeDM, and Obatala Sciences.

For your interest: B Capital

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Their investments range from Seed VC to Series A rounds, with the latest investment being in DeFi.Gold for $2.22M in September 2024. They have also invested in JourneyTrack for $1.5M in October 2023 and PredictionStrike for $10M in June 2023.

Here are some key statistics about Elevate Capital's portfolio:

Portfolio & Investments

Elevate Capital has made 53 investments across four funds, according to Crunchbase.

Their notable deals include Rock Paper Coin, CarpeDM, and Obatala Sciences, which have been highlighted as significant investments.

Elevate Capital has a total of 63 investments, with their latest investment being in DeFi.Gold as part of their Seed VC on September 06, 2024.

This demonstrates their active involvement in the investment space, with a consistent flow of new deals being made.

3 Portfolio Exits

Elevate Capital has had a successful track record with 3 portfolio exits. Their latest exit was GrowthPlug on September 22, 2022.

The first exit was GrowthPlug, acquired by PracticeTek for $XXM. This acquisition was announced on September 22, 2022.

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Elevate Capital also had two other exits, but the details are not publicly available due to subscription requirements. However, we do know that the valuation for these exits was $XXM.

Here's a summary of the 3 portfolio exits:

AUM

Elevate Capital has a significant amount in assets under management. As of January 2024, their AUM stands at $60 million.

This substantial amount is a testament to the firm's successful investment strategies. Elevate Capital has been able to grow its assets under management over time.

One notable aspect of Elevate Capital is its diverse background. The firm's team members have a range of experiences, including being an investor at General Atlantic and an operator in the portfolio at Airbnb.

Here's a breakdown of some of the notable experiences of Elevate Capital's team members:

  • Investor at General Atlantic
  • Operator in portfolio at Airbnb
  • I-banker at Deutsche Bank
  • Advisor in Obama Administration
  • MBA at Wharton

Careers & Internships

Elevate Capital offers current job openings and internships through its job board, which features positions at top growth and VC firms.

For those interested in private equity, Elevate Capital is a relevant resource to explore.

News & Updates

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Elevate Capital has a strong presence in the venture capital industry, with a focus on investing in early-stage companies.

They have a diverse portfolio of investments across various sectors, including fintech, healthcare, and e-commerce.

Elevate Capital has invested in over 50 companies since its inception, with a notable exit in 2020.

Their investment team consists of experienced professionals with a deep understanding of the startup ecosystem.

Elevate Capital's focus on supporting entrepreneurs and startups has led to the creation of over 1,000 jobs to date.

Recommended read: Lockton Companies

Partners & Customers

Elevate Capital has a strong network of strategic partners and customers.

They recently partnered with Guy's and St Thomas' Specialist Care on May 5, 2024.

Elevate Capital achieved a milestone agreement with Guy's and St Thomas' NHS Foundation Trust for New Giza University Hospital.

Their business partner, Guy's and St Thomas' Specialist Care, is based in the United Kingdom.

Elevate Capital also has a client, Canopy, which is also based in the United Kingdom.

Their vendor, Profile Software, is based in Greece.

Here is a list of Elevate Capital's strategic partners and customers:

Frequently Asked Questions

How to get capital for a business?

You can secure capital for your business through self-funding, venture capital, crowdfunding, small business loans, or SBA-guaranteed loans, each with its own benefits and requirements. Explore these options to find the best fit for your business needs and goals.

What does venture capital mean?

Venture capital refers to private equity financing for startups and small businesses with growth potential. It's typically provided by investors, banks, and financial institutions.

What is elevate ventures origins?

Elevate Ventures was established in 2011 by Governor Mitch Daniels through the Indiana Economic Development Corporation. It began as a grant writing service for innovative companies, but has since grown into a successful public-private partnership.

Elena Feeney-Jacobs

Junior Writer

Elena Feeney-Jacobs is a seasoned writer with a deep interest in the Australian real estate market. Her insightful articles have shed light on the operations of major real estate companies and investment trusts, providing readers with a comprehensive understanding of the industry. She has a particular focus on companies listed on the Australian Securities Exchange and those based in Sydney, offering valuable insights into the local and national economies.

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