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Elevar Equity

Impact investoroperating company · company profile

Bengaluru · Pre-Seed–Growth · 18 people tracked

Also known as ELEVAR EQUITY MANAGEMENT LTD.

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Investment thesis

Elevar Equity invests in companies that deliver essential products and services—financial protection, healthcare, and commerce enablement—to underserved 'Entrepreneurial Households' and informal workers in emerging markets. Its portfolio targets structural gaps such as low insurance penetration, limited access to affordable primary healthcare in rural areas, and the digital enablement of micro, small, and medium enterprises. The firm favors tech-led, 'phygital' models that build on existing trust and last-mile distribution networks to reach large, previously unserved populations across markets like India, Argentina, and Brazil.

Source: firm website, verified Sep 29, 2026.

Stage
Pre-Seed–Growth
Check
$1M – $10M
HQ
Bengaluru, IN
Leads rounds
Leads
Instruments
Equity
Founded
2006
AUM
$165M
VC funds
4
Tracked investments
42
Unicorns
1
Acquisitions
1

Team · 18 people

from the firm's website & curated & public directories
Chris Brookfield

One of the original founders of Elevar Equity.

Matias Lanus· Investment Directorin
Shikha Gupta· Investment Director

Founder mafia

4 people who came through Elevar Equity went on to found or lead other companies.

What they invest in

from 27 of 42 portfolio companies

Fintech ×17AI & Machine Learning ×7Impact & Social Good ×7SaaS ×7Consumer ×4EdTech ×4Digital Health ×3E-commerce ×3

HQs:India×15United States×3Brazil×2Mexico×2Chile×1Uruguay×1

Investments · 42 tracked

founders shown can be your intro path

By year:2025 · 22024 · 22023 · 12022 · 32021 · 32020 · 32017 · 12011 · 116 dated

Tapfintapfin.inin𝕏Seed · Mar 2024 · $4M✓ verified

TapFin is an AI-native data intelligence, risk management, and lifecycle management platform for India's electric vehicle ecosystem, serving lenders, OEMs, and fleet operators.

AI & Machine LearningFintechMobility & TransportationMumbai, IN

Aditya Singh(Co-founder & CEO)Terniza Berry(Co-founder & COO)

Nithionithio.comin𝕏Aug 2020SEC filingmedium confidence

Nithio provides a risk analytics engine and AI models that assess household-level credit risk, structure financing, and monitor portfolio and impact performance for climate solutions.

AI & Machine LearningCleantechClimate TechEnergyFintechImpact & Social GoodWashington, US

Hela Cheikhrouhou(Executive Officer, Director)

BoardBobby J. Pittman(Director)inQueen Nworisara-Quinn(Director)

Board seatMaya Chorengel· per SEC Form D · $7.1M raise · filed Jan 2021

Co-investorsKupanda CapitalShell FoundationEmerson Collective InvestingFMO

Varovaromoney.comin𝕏Jan 2025SEC filingmedium confidence

Varo is a digital bank offering FDIC-insured deposits, no-fee checking accounts, early direct deposit, credit-building cards, and cash advances to U.S. consumers.

FintechSan Francisco, US

Colin Walsh(Founder)inGavin Michael(CEO)inRishi Oberoi(Executive Officer)Marina Gracias(Executive Officer)inElizabeth Gilson(Executive Officer)

BoardDavid Coulter(Director)

Board seatMaya Chorengel· per SEC Form D · $155M raise · filed Feb 2026

Co-investors1435 CapitalDeclaration PartnersEvolution VC PartnersGallatin Point CapitalInvestXNext Legacy Partners+7 more

Bankinglybankingly.comin𝕏

Bankingly provides a SaaS digital banking platform for banks, credit unions, and regulated financial institutions, offering digital channels, onboarding, payments, AI-based fraud prevention, and compliance tools on an API-first architecture.

AI & Machine LearningFintechSaaSMontevideo, UY

Martin Naor(Founder)in

Co-investors2080 VenturesDalus CapitalFINCA VenturesFirst Check VenturesKube VCSixThirty Ventures

Cloudphysiciancloudphysician.aiin𝕏Seed · Oct 2021 · $4M

Cloudphysician provides AI-enabled virtual critical care infrastructure that analyses live video, patient vitals, and EMR data in real time to guide clinical care teams and support ICU management.

AI & Machine LearningDigital HealthHealthtech

Co-investorsPeak XV Partners

Covaltocovalto.comin𝕏

Covalto is a digital bank in Mexico that provides business financing, investment products, and liquidity solutions for companies.

FintechMexico, MX

Allan Apoj(Founder)Allan Apoj Pascal(Founder)David Poritz(Founder)

Co-investorsHi VenturesIGNIAKaszek VenturesPoint72 VenturesQED InvestorsYolo Investments+3 more

Coverfoxcoverfox.comin𝕏

Coverfox offers insurance comparison and distribution across India, letting individuals compare motor and health plans from IRDAI-approved insurers while providing embedded insurance solutions for lenders, NBFCs, and fintechs to protect borrowers, employees, and business operations.

FintechInsurTech

Sanjib Jha(Founder)in

Co-investorsAccelInnoVen CapitalNuVenturesCatamaran Ventures

CreditMantricreditmantri.comin𝕏

CreditMantri operates an online platform that builds a user's credit profile using credit bureau data (Equifax) and non-traditional sources, then uses a proprietary matching engine to pair borrowers with lenders whose criteria they meet.

AI & Machine LearningConsumerFintechMarketplacesChennai, IN

Gowri Thyagarajan Mukherjee(Founder)inRanjit Punja(Founder)in

Co-investorsAccionQuona CapitalTrifecta Capital AdvisorsAccion Venture LabIDG Ventures India

Curebaycurebay.comSeries A · Nov 2022 · $6M

CureBay is an online healthcare platform in India offering genuine medicine delivery, lab test bookings, and doctor consultations.

ConsumerDigital HealthHealthtechBhubaneswar, IN

Priyadarshi Mohapatra(Founder)

Co-investorsStride Ventures

EPICepicworld.comin𝕏

EPIC World is an investment and advisory platform that provides data-driven insights and tailored investment strategies to support undercapitalized companies serving entrepreneurial households.

FintechImpact & Social Good

Vipul Rawal(Founder)in

Fairplaygetfairplay.comin

Fairplay provides financing for businesses and announced it obtained ISO 27001 certification for information security and customer data protection.

Fintech

Manolo Atala(Founder)inAndrew James Devlyn(Founder)inAndrew Devlyn(Founder)

Co-investorsDila CapitalNut VCNazcaQED InvestorsRestive VenturesSpeedinvest

Finxpertfinxpert.orgin𝕏

A skilling company providing corporate learning solutions and employment readiness programs for the banking, financial services, and insurance sector in India.

EdTechFintechHR TechMumbai, IN

Himanshu Vyapak(CEO FinX | MD CIEL)

Galenagalena.comin

Galena is a learning experience orchestration platform for Brazilian enterprises that integrates internal and external learning resources under a unified skills framework and uses AI to deliver personalized development plans aligned with strategic priorities.

AI & Machine LearningHR TechSaaS

Eduardo Mufarej(Founder)Guilherme Luz(Founder)

Co-investorsGrupo Globo - Mídia e ConteúdoOwl VenturesAltos VenturesGlobo VenturesReaction

Glocal Healthcareghspl.comSeed · Jan 2011 · $3M

Glocal operates Digital Dispensaries in rural India that provide telemedicine-based doctor consultations, diagnostic tests, and medicines to underserved village populations.

Digital HealthHealthtech

Incredincred.comin𝕏

InCred Finance is the consumer and MSME lending arm of the InCred Group, offering loan products to borrowers.

FintechMumbai, IN

Bhupinder Singh(Founder)

Co-investorsVaranium Capital Advisors

Jüstojusto.mxinAcquired

Jüsto is a fully digital supermarket in Mexico that sells groceries, including daily-fresh produce, directly to consumers online without physical stores.

B2B MarketplacesConsumerE-commerceFoodTech

Ricardo Weder(Founder)inRicardo Martinez Finger(Founder)inAlejandro Sisniega(Founder)Ricardo Martínez(Founder)

Co-investors500 GlobalAgFunderBridge LatamEndurance28FEMSA VenturesFlucas Ventures+6 more

Leadschoolleadschool.inin𝕏

LEAD provides end-to-end academic and marketing solutions for schools in India, focusing on school growth and management.

AI & Machine LearningEdTechMarketing TechSaaS

Co-investorsGood CapitalGSV VenturesInvestopad

Niania.one

Nia builds continuity infrastructure for migrant workers in India, providing systems that help them preserve income, savings, and social connections across job transitions and relocations.

FintechFuture of WorkHR TechImpact & Social GoodSaaSBangalore, IN

Sachin Chhabra(Founder)Lt Col Pushkar Raj (Retd)(Co-Founder & COO)Pushkar Raj(Founder)Sachin Chhabra Pushkar Raj(Founder)

Nironiro.moneySeed · Oct 2021 · $3M

Co-investorsGMO VenturePartners

Nuvemshopnuvemshop.com.brin𝕏

Nuvemshop is an e-commerce platform that lets brands build and customize online stores with a modular AI-integrated editor and prebuilt layouts.

E-commerceRetail TechSaaSBuenos Aires, BR

Santiago Sosa(Founder)inAlejandro Vázquez(Founder)inMartín Palombo(Founder)inAlejandro Alfonso(Founder)José Abuchaem(Founder)Santiago Sosa (CEO)(Founder)

Co-investorsAccelAlkeon InnovationFirstMark CapitalFJ LabsHarmony PartnersIGNIA+8 more

Origaleasingorigaleasing.comin𝕏

Co-investorsKeiretsu Forum

Peepul Treepeepultree.worldin𝕏Seed · Jan 2023 · $6M

Peepul Tree is a handcrafted home goods and homeware retailer offering artisanal products including brass tableware, textiles, and home décor with South Indian design heritage.

ConsumerDirect to ConsumerE-commerceImpact & Social GoodMarketplaces

Samunnatisamunnati.comin𝕏May 2025

Samunnati is an Indian agri enterprise that strengthens the agricultural value chain by combining trade, embedded finance, and climate-smart services for smallholder farmers, farmer producer organizations, agri-enterprises, and SMEs.

AgTechFintechImpact & Social Good

Anilkumar SG(Founder)in

Co-investorsAccelCeniarthAlteria CapitalAnicut CapitalCredit SaisonEquitane+1 more

Sarvagramsarvagram.comSeed · Feb 2020 · $3M

Utpal Isser(Founder)inSAMEER MISHRA(Founder)inSameer Mishra(Founder)

Co-investorsElevation CapitalPeak XV Partners

Securenowsecurenow.inin𝕏

SecureNow offers product liability insurance for manufacturers, distributors, and retailers that covers legal liabilities, defense costs, and claims arising from defective products or product-related injuries and property damage.

Enterprise SoftwareFintechInsurTechSaaSIndia, IN

Kapil(Co-founder & CEO)Abhishek(Co-founder and Principal Officer)

Strideonestrideone.ininSeed · May 2022 · $32M

StrideOne is a tech-enabled financial services platform that provides customized financing solutions to MSMEs and supply chain partners of startups in India.

Enterprise SoftwareFintechIndia, IN

Thebetterindiathebetterindia.comin𝕏

This is a media/editorial author page for The Better India, a digital publication focused on positive social impact stories.

Impact & Social GoodMedia & EntertainmentSocialBangalore, IN

Dhimant Parekh(Founder)Anuradha Parekh(Co-Founder)

Ticmasticmas.comin

Ticmas provides digital educational solutions for schools, educational networks, and government ministries seeking to innovate their teaching models.

EdTech

Varthanavarthana.comin𝕏

Varthana provides debt financing and operational support to affordable private schools across India to expand their facilities and improve educational quality.

EdTechFintechImpact & Social GoodBengaluru, IN

Brajesh Mishra(Co-founder)in

Co-investorsAccionBlue Earth Capital AGBlue Haven InitiativeCeniarthKaizenvestAccion Venture Lab+2 more

Xepelinxepelin.cominMay 2022

Xepelin offers a digital platform providing working-capital financing to businesses, including invoice advances, supplier payment financing, and supply-chain finance programs.

FintechSaaSSantiago, CL

Guillermo Molina Carvallo(Founder)inFintech SaaS Guillermo Molina Carvallo(Founder)Nicolás de Camino(Founder)inSebastian Kreis(Co-Founder & CEO)inSebastián Kreis(Founder)

Co-investorsAvenir Growth CapitalBattery VenturesCathay InnovationFJ LabsFluent VenturesKaszek Ventures+14 more

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

GTV GlobokasnetLinked Store Cayman Ltd.Bike BazaarBikebazaarFinaeFinXIndifiKamatanLEADOrigaThe Better IndiaWheelocity

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Elevar Equity made?
Elevar Equity has 42 tracked investments, 1 of which have exited, including 3 dated in the last 24 months.
What stage does Elevar Equity invest at?
Elevar Equity invests at the Pre-Seed, Seed, Series A, Growth stages.
What is Elevar Equity's typical check size?
Elevar Equity typically writes checks of $1M – $10M.
What sectors does Elevar Equity focus on?
Elevar Equity focuses on AgTech, Digital Health, E-commerce, EdTech, Fintech, Healthtech, Impact & Social Good, InsurTech, Marketplaces, Sector Agnostic.
Where is Elevar Equity located?
Elevar Equity is headquartered in Bengaluru, IN.
Does Elevar Equity lead rounds?
Yes, Elevar Equity leads investment rounds.
Who does Elevar Equity co-invest with?
Elevar Equity most often shares deals with Accel, Ceniarth, InnoVen Capital, among 5 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Emprender para Ayudar a la Gente de Bajos Recursos de LatAm | Johanna Posada, Elevar Equity

Startupeable con Enzo Cavalie · Johanna Posada

FINNOSUMMIT México 2019 - Entrevista: Johanna Posada (Co Founder & Managing Director, Elevar Equity)

Finnosummit · Johanna Posada

Johanna Posada, Elevar Equity: Driving Impact in Latin America via Venture Capital, Ep 79

Nathan Lustig · Johanna Posada

CASE Chats: Maya Chorengel, Elevar Equity

Duke University - The Fuqua School of Business · Maya Chorengel

Johanna Posada, Elevar Equity | Keiretsu Impact Investment

Keiretsu Forum Impact Investment · Johanna Posada

Images

Elevar Equity photoElevar Equity photoElevar Equity photoElevar Equity photoElevar Equity photoElevar Equity photo

Co-investors · 5

Accel

Accel is a venture capital firm that partners with exceptional teams, positioning itself as a first partner to founders globally.

Both backed · 6
CoverfoxNuvemshopSamunnatiXepelinIndifiLinked Store Cayman Ltd.
$500K – $100M
Kaszek Ventures

Kaszek is an investment firm run by tech entrepreneurs that partners with founders across Latin America, providing capital along with hands-on expertise in strategy, operations, team-building, growth, technology, and fundraising.

Both backed · 4
CovaltoNuvemshopXepelinLinked Store Cayman Ltd.
Qualcomm Ventures

Qualcomm Ventures is the corporate venture investment arm associated with Qualcomm, backing technology companies from early to growth stage across multiple sectors.

Both backed · 2
NuvemshopLinked Store Cayman Ltd.
$5M
IGNIA

IGNIA is an early-stage venture capital firm focused on empowering visionary tech entrepreneurs in Latin America who can drive industry disruption and economic growth through technology-enabled solutions.

Both backed · 2
$100K – $5M
Trajectory Ventures

Trajectory Ventures invests in and partners with innovative founders and companies driving digital transformation, while also providing advisory, growth marketing, financing strategy, and M&A support.

Firms observed investing alongside Elevar Equity, from public investor directories. Shared companies are the overlap with Elevar Equity's recorded portfolio.

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