Fundraising Fox

Elevate Capital

Venture capitalActively deploying

Beaverton · Pre-Seed–Series A · 31 people tracked

Also known as ELEVATE CAPITAL ADVISORS, INC.

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Investment thesis

Targets Pre-Seed/Seed for women, minorities and veterans and early-stage local/regional/global startups, prioritizing underrepresented founders with a 50/50 gender split and 100% minority co-founder representation.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Series A
Check
$2M – $25M
HQ
Beaverton, CA, US
Leads rounds
Leads
Instruments
Equity
Founded
2016
Last 12 months
5 investments
AUM
$183.3M
Tracked investments
117

Team · 31 people

from the firm's website & public directories

Founder mafia

5 people who came through Elevate Capital went on to found or lead other companies.

What they invest in

from 69 of 117 portfolio companies

SaaS ×17Healthtech ×16Consumer ×14Hardware ×14Medical Devices ×13AI & Machine Learning ×12Biotech ×11Cleantech ×10

HQs:United States×58

Who they back

founder profiles across 12 portfolio companies
58%
solo founders
7 of 12 mapped founding teams

Founding team size:solo founder×72 founders×23 founders×24+ founders×1

Investments · 117 tracked

founders shown can be your intro path

By year:2026 · 32025 · 42024 · 12023 · 12022 · 62021 · 22018 · 12017 · 12016 · 12015 · 121 dated

GoumiSep 2022

Beaverton, US

Board seatNitin Rai· per SEC Form D

Handfulhandful.comDec 2017

Handful designs and sells sports bras featuring removable stackable pads, hide-away pockets, and adjustable straps for sport and everyday wear.

ConsumerDirect to ConsumerE-commerceTigard, US

Jennifer Ferguson(Executive Officer, Director, Promoter)Tina Thede(Executive Officer, Director, Promoter)

Board seatNitin Rai· per SEC Form D

Co-investorsPortland Seed Fund

Holo Footwearholofootwearinc.comin𝕏Oct 2022

HOLO Footwear designs and sells shoes made with eco-friendly materials, aiming to combine style, performance, and affordability.

Circular EconomyConsumerDirect to ConsumerGrand Rapids, US

Rommel V.(Founder)inYuridia Rodriguez(Executive Officer, Director)Rommel Vega(Executive Officer, Director)

Board seatNitin Rai· per SEC Form D

Co-investorsID Ventures

MINNOW TECHNOLOGIES, INC.May 2026SEC filingmedium confidence

Seattle, US

Jonathan Belfort(Executive Officer)Sean Zhong(Executive Officer)Andy Troxel(Executive Officer)

BoardRobert Pflieger(Director)Steven Sperry(Director)

Board seatNitin Rai· per SEC Form D · $1M raise · filed May 2026

Paerpaypaerpay.comin𝕏Jun 2024

FintechNew York, US

Derek Canton(Founder)

Board seatNitin Rai· per SEC Form D

Co-investorsTechstarsWalnut Venture AssociatesThe Fund

Rock Paper Coinrockpapercoin.comin𝕏Jun 2025

Rock Paper Coin is a booking and payment platform built for event professionals, offering proposals, contracts, electronic signatures, and digital invoicing with Stripe-powered payment processing.

FintechSaaSLake Oswego, US

Elizabeth Sheils(Co-founder)Nora Sheils(Co-founder)Valerie Troyer(Executive Officer, Director)

Board seatNitin Rai· per SEC Form D

Co-investorsAscend Venture CapitalBand of AngelsHearstLabLong Way VenturesXYZ Venture CapitalCascade Seed Fund

Wild Technology, Inc.Apr 2018SEC filingmedium confidence

Portland, US

Gabriel M. Paez(Executive Officer, Director)

BoardNadav Eylath(Director)inHugh Mackworth(Director)

Board seatNitin Rai· per SEC Form D · $75K raise · filed Apr 2018

Co-investorsATINC

Bacon
Bacon Workbaconwork.cominFeb 2025

American Fork, US

Hunter Sebresos(Executive Officer, Director)Trevor Bodily(Executive Officer)Bruce G. Woodward, Jr.(Director)

BoardEdward Baker(Director)Brian Smith(Director)William Benson Metcalf(Director)

Biomotumbiomotum.cominMar 2022

Biomotum develops wearable robotic systems for gait rehabilitation that assist individuals with neurological impairments such as cerebral palsy and stroke.

HealthtechMedical DevicesRoboticsPortland, US

RAYMOND C BROWNING(Executive Officer, Director, Promoter)ZACHARY L LERNER(Executive Officer, Director, Promoter)Ray Browning(Founder)in

Co-investorsCreative Destruction Lab (CDL)Portland Seed Fund

Birch Biosciencesbirchbiosciences.comin𝕏

Birch Biosciences develops enzyme-based plastic recycling technologies using green chemistry and machine learning to transform plastic waste into reusable material.

Advanced ManufacturingAI & Machine LearningBiotechCircular EconomyCleantechClimate TechPortland, US

Johan Kers(Founder)in

Co-investorsOlive Tree CapitalY Combinator

Bitesizebitesize.co

Bitesize is an AI-powered lead reactivation tool that scans a car dealership's CRM (such as Eleads, VinSolutions, and Tekion) to identify cold or dormant leads and re-engages them with automated, personalized text follow-ups sent under a manager's name.

AI & Machine LearningSaaSSales Tech

Co-investorsInvariantes FundVU Venture Partners

Blendoorblendoor.com

Co-investorsBackstage Capital

BlendScore

A diversity analytics and hiring software company providing AI-driven recommendations, monitoring, and employer branding solutions to help companies attract and retain diverse talent.

Brandbrand.livein

Brand.live is a video production platform for businesses, aimed at making internal and work-related content more engaging than standard video calls or slide presentations.

Marketing TechMedia & EntertainmentSaaS

Brandlivebrandlive.comin

Enterprise SoftwareMarketing TechPortland, US

Sam Kolbert-Hyle(Executive Officer, Director, Promoter)

BoardStewart Yaguda(Director)Stephen Marsh(Director)in

Co-investorsOregon Venture FundPortland Seed Fund

Buildinglensbuildinglens.comin𝕏

BuildingLens offers SaaS tools for small to mid-sized buildings, including AirLens for indoor air quality monitoring and EnergyLens for energy management.

CleantechEnergyIoTPropTechSaaS

bumped
Bumpedbumped.com

Portland, US

DAVID A. NELSEN(Executive Officer, Director)

Co-investorsCanaan PartnersCommerce VenturesOregon Venture Fund

Canopiicanopii.usin

Canopii builds automated, controlled-environment greenhouse systems for local, year-round production of leafy greens and herbs, using robotics, computer vision, and machine learning.

AgTechCleantechFoodTechHardwareRoboticsUnknown from page, US

David Ashton(Founder & CEO)Justin Gravett(Executive Officer, Director)

Carpedm
CarpeDM Datingcarpedmdating.comin

CarpeDM is an exclusive dating platform combining human matchmaking with a video-first experience for singles seeking relationships with professional Black women.

ConsumerFemTechMarketplacesWoodbridge, US

Naza Shelley(CEO & Queen of Hearts)

Co-investorsTechstars

Cascade Prodrugcascadeprodrug.com

Cascade Prodrug is a preclinical-stage pharmaceutical company developing prodrug-based drug candidates, initially targeting wet age-related macular degeneration (wet AMD), with a focus on advancing through IND-enabling studies into clinical trials.

BiotechMedical DevicesEugene, US

August J. Sick(Co-Founder & Secretary)Allan Cochrane(Co-Founder & President)August Sick(Executive Officer, Director)Lynnor B. Stevenson(Director)

Celagecelage.com
Célage Bioscience
chelsea deloney collection
ChoixMay 2022

HealthtechSan Rafael, US

Cindy Adam(Director)

CLEANHAUS

Portland, US

Matthew Rotter(Executive Officer)Nathaniel Parker(Executive Officer, Director)

Curaditecuradite.comin𝕏

Curadite provides a cloud-based medication management platform that tracks adherence and monitors controlled substance dispensing in healthcare settings like skilled nursing facilities.

HealthtechMedical DevicesSaaS

CytoimageJun 2021

BiotechPortland, US

Lynnor Stevenson(Executive Officer, Director)Ann Bunnenberg(Executive Officer, Director)Tania Vu(Executive Officer, Director)Sandra Shotwell(Director)

Emanoflowemanoflow.comin𝕏

Emano Flow is a mobile app that uses acoustic technology to objectively measure urinary health symptoms and track patient outcomes before and after medical interventions.

Digital HealthHealthtechMedical Devices

Forest Devicesforestdevices.com

BiotechPittsburgh, US

Matthew Kesinger(Executive Officer, Director)Daniel Willis(Executive Officer)

Co-investorsDorm RoomLiebenthal VenturesMonozukuri VenturesBlack Tech Nation Ventures

Garden Barthegardenbarmaine.com

Portland, US

Ana Chaud(Managing Member)in

Gardenbarpdxgardenbarpdx.com𝕏

Evergreens operates fast-casual restaurants offering salads, wraps, and bowls with plant-based and customizable options, plus catering for events.

ConsumerFoodTech

Goalsettergoalsetter.co𝕏

Goalsetter provides a financial literacy and goal-setting platform designed for K-12 schools, colleges, universities, and financial institutions.

AI & Machine LearningEdTechFintechSaaS

Tanya Van Court(Founder & CEO)

Co-investorsAstiaBackstage CapitalEntrepreneurs Roundtable Accelerator (ERA)PortfoliaSeae VenturesThe Players' Impact+2 more

Goodwell
Goumikidsgoumikids.com

Goumi makes baby clothing and accessories including stay-on mitts, boots, convertible gowns, and quick-change rompers.

ConsumerDirect to ConsumerE-commerce

Growthpluggrowthplug.comin

GrowthPlug provides marketing and practice-growth software to help dental and orthodontic practices in the US improve their online presence and attract patients.

HealthtechMarketing TechSaaS

Hacwarehacware.comin𝕏

HacWare provides cybersecurity training and solutions to protect companies from phishing attacks and social engineering threats.

AI & Machine LearningCybersecurityEnterprise SoftwareDallas, US

Tiffany Ricks(Founder and CEO)

Co-investorsTechstars

Healers Petcarehealerspetcare.com

Healers Pet Care sells pet health products including dog boots and paw protection, first aid supplies, grooming items, and supplements for dogs.

ConsumerDirect to ConsumerE-commerce

Help Centreetsy.com

New York City, US

Robert Kalin(Founder)inJosh Silvermanin

Co-investorsAccelBreyer CapitalBurda Principal InvestmentsGlynn Capital ManagementMosaic VenturesOutlander VC+1 more

Hemex Healthhemexhealth.comin𝕏

Hemex Health develops and commercializes the Gazelle diagnostic platform, including point-of-care readers and tests for conditions such as sickle cell disease and hemoglobin variants.

Digital HealthHealthtechMedical DevicesPortland, US

Patricia White Seminario(Executive Officer, Director, Promoter)Peter Galen(Chief Innovation Officer, Co-Founder)Patti White(Chief Executive Officer, Co-Founder)Daren Bledsoe(Sr. VP, Engineering & Operations)inGerrit van Roekel(VP, Business Development)inUmut Gurkan(Chief Scientist, Microfluidics)in

Co-investorsCWRU Technology VenturesPortland Seed Fund

Heritage Laboratories
Hubbhubb.me
hue noirhuenoir.com

Hue Noir is a beauty brand that develops and sells makeup and skincare products, including foundation, lipsticks, and lip care, formulated especially for people of color.

ConsumerDirect to ConsumerE-commerce

Paula Hayes(Founder & Lead Product Development Chemist)

Instinct Environmentalinstinctenvironmental.comin

Instinct Environmental makes the ASU (Automated Surveying Unit), an automated acoustic monitoring device that listens for over 6,500 target species, identifies them on-device and reports detections over satellite within 30 minutes — replacing the manual site visits and after-the-fact audio review that wildlife surveying normally requires.

AI & Machine LearningCleantechClimate TechDeep TechHardwareImpact & Social GoodIoTHillsboro, US

TREVOR BACHAND(Executive Officer)ASHWIN DATTA(Executive Officer, Director)

Co-investorsConvective CapitalTechstarsAlbionVC

Invio
It AireJun 2016

Portland, US

Jason Patz(Executive Officer, Director)David Neketin(Director)Lane Smith(Executive Officer, Director)

Journeytrackjourneytrack.ioin𝕏Sep 2023 · $1.5M

JourneyTrack is a customer experience management platform for enterprises that helps reduce revenue loss from poor customer interactions.

AI & Machine LearningEnterprise SoftwareMarketing TechSaaSDoral, US

Ania Rodriguez(Founder & CEO)

Co-investors2045 VenturesDeepWork Capital

Keliomicskeliomics.comin

BiotechPortland, US

Frank Lau(Executive Officer, Director)Jason Bourgeois(Executive Officer, Director)

Kitotech Medicalkitotechmedical.comin

Mercer Island, US

Ronald Berenson(Executive Officer, Director, Promoter)

Co-investorsPallasite VenturesThynk Capital

Legup
Lifeair
Lifeairmedicallifeairmedical.com

LifeAir Medical develops Airana, a disposable full-access bio-isolation system for medical use.

HardwareHealthtechMedical Devices

Loopieloopielaundry.com

Co-investorsBand of Angels

Madora
Madorramadorra.comin𝕏

Madorra develops a nonhormonal, noninvasive medical device to treat vaginal dryness and vulvovaginal atrophy, targeting post-menopausal people and breast cancer survivors.

FemTechHealthtechMedical DevicesPortland, US

Holly Rockweilerin

Co-investorsBerkeley CatalystPortfoliaPortland Seed FundSocial StartsOneVentures

Magwire
medZERO

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 Elevate Capital made?
Elevate Capital has 61 tracked investments, including 2 dated in the last 24 months.
What stage does Elevate Capital invest at?
Elevate Capital invests at the Pre-Seed, Seed, Series A stages.
What is Elevate Capital's typical check size?
Elevate Capital typically writes checks of $2M – $25M.
What sectors does Elevate Capital focus on?
Elevate Capital focuses on Impact & Social Good, Sector Agnostic.
Where is Elevate Capital located?
Elevate Capital is headquartered in Beaverton, US.
Does Elevate Capital lead rounds?
Yes, Elevate Capital leads investment rounds.
Who does Elevate Capital co-invest with?
Elevate Capital most often shares deals with Portland Seed Fund, 2045 Ventures, Backstage Capital, among 16 tracked co-investors.

From the blog

visit blog ↗

Elevate Capital has recently highlighted portfolio companies advancing autonomous systems in defense and maritime sectors, while announcing a strategic pivot toward agentic AI investments with its Fund III, leveraging its inclusion-arbitrage thesis for identifying capital-efficient founders. AI summary

Media · Podcasts & interviews

featuring the team

Investor Connect - 776 - Nitin Rai of Elevate Capital

Hall Martin · Nitin Rai

Investor Series - Nitin Rai, VC, Elevate Capital - RBL1 Live

Rebel One · Nitin Rai

The Elevate Capital Story - Nitin Rai, Founder and Managing Director

Elevate Capital · Nitin Rai

Becoming a Venture Capitalist with Nitin Rai, Managing Director Elevate Capital

Elevate Capital · Nitin Rai

Elevate Capital 2025 Annual Investor Reception: June 3, 2025

Elevate Capital · youtube.com

Elevate Oregon 2024: Closing Remarks

Elevate Capital

Images

Elevate Capital photoElevate Capital photo

Co-investors · 3

True Ventures

True Ventures is a venture capital firm established in 2005 that focuses on early-stage technology companies, with operations based in Silicon Valley.

$500K – $3M
AltaIR Capital

AltaIR Capital is an international venture investment company.

Huron River Ventures

Huron River Ventures is an early-stage venture fund focused on investing in digital and sustainable technology solutions within the global energy industry.

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

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