About Elevate capital fund
Elevate Capital Fund: Empowering Underserved Entrepreneurs with Seed Capital Funding and Mentorship
Elevate Capital is a Portland-based venture capital firm that has been making waves in the startup world for its unique approach to investing. Unlike traditional VC firms that focus on high-growth, high-risk startups, Elevate Capital is dedicated to supporting underserved entrepreneurs who have been historically overlooked by the investment community.
Founded in 2016 by Nitin Rai, a seasoned investor and entrepreneur with over 25 years of experience in the tech industry, Elevate Capital has quickly established itself as a leader in seed-stage investing. The firm's mission is to provide early-stage funding and mentorship to startups led by women, people of color, veterans, and other underrepresented groups.
Elevate Capital's investment philosophy is rooted in the belief that diversity drives innovation. By backing diverse founders who bring unique perspectives and experiences to their businesses, Elevate aims to create a more inclusive startup ecosystem where everyone has an equal opportunity to succeed.
The firm's portfolio includes companies from a wide range of industries such as healthcare, fintech, e-commerce, and more. Some notable investments include:
- RFPIO: A cloud-based RFP response management platform that streamlines the proposal process for sales teams.
- Hubb: An event management software company that helps event planners streamline their workflow.
- ShearShare: A mobile app that connects salon owners with licensed cosmetologists who need space to work.
In addition to providing funding, Elevate also offers its portfolio companies access to its extensive network of mentors and advisors. The firm's team includes experienced entrepreneurs and investors who are passionate about helping early-stage startups navigate the challenges of building a successful business.
One of Elevate's most innovative programs is its "Elevating Impact" initiative which provides funding specifically for social impact startups. These are companies whose primary goal is not just financial returns, but also creating positive social or environmental change. Elevate believes that by supporting these types of businesses, it can help create a more equitable and sustainable future.
Elevate Capital has received numerous accolades for its work in the startup community. In 2020, the firm was named "Venture Firm of the Year" by GeekWire and "Investor of the Year" by Oregon Entrepreneurs Network. Elevate's founder Nitin Rai was also recognized as one of Portland Business Journal's "Most Admired CEOs."
If you're an early-stage startup looking for funding and mentorship, Elevate Capital could be a great partner for your business. With its focus on diversity, impact, and innovation, this venture capital firm is helping to build a more inclusive and vibrant startup ecosystem in Portland and beyond.