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Elevate Ventures

Elevate Ventures is a venture capital firm based in Indianapolis, Indiana, focused on investing in high-potential startups across various sectors. Established in 2011, it is recognized as one of the most active seed and early-stage venture capital firms in the Great Lakes Region.

Founded
2011
Recorded stages
Pre Seed, Seed, Series A
Focus sectors
Biotech, Healthcare, Frontier
Recorded regions
United States

Online destinations

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Official links

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Overview

Elevate Ventures is a venture capital firm established in 2011, based in Indianapolis, Indiana. Founded by Governor Mitch Daniels through a spin-out from the Indiana Economic Development Corporation (IEDC), Elevate Ventures aims to foster innovation and entrepreneurship across Indiana and the Midwest. The firm invests in cross-sector innovation-driven enterprises, targeting companies with a total addressable market (TAM) of $500 million or more. Elevate Ventures provides funding at various stages, including Pre-Seed, Seed, and Series A, with investments ranging from $20,000 to $2 million in any given round, and up to $8 million in total for a single company. The firm has invested in over 600 startups, making it one of the most prolific VCs by volume in Indiana.

Focus

Elevate Ventures invests in early-stage companies across various sectors, including software, life sciences, and hard technology. The firm provides funding through convertible notes or equity, with investments ranging from $20,000 to $2 million per round, and up to $8 million per company, depending on the stage and growth of the business. Their investment strategy includes pre-seed, seed, and Series A funding, with a focus on companies that demonstrate strong potential for growth and innovation.

Support

Elevate Ventures adds value to its portfolio companies by providing not only capital but also strategic support and resources to help them grow. The firm leverages its extensive network and expertise to assist startups in navigating challenges and achieving their business objectives.

Questions

What are Elevate Ventures' investment criteria?

Elevate Ventures invests in early-stage companies across sectors such as software, life sciences, hard technology, and consumer products. They focus on startups with a total addressable market (TAM) of $500 million or more and provide funding at pre-seed, seed, and Series A stages.

How can I apply or pitch to Elevate Ventures?

Founders can apply for funding through the Elevate Ventures website at this link. The application process typically involves submitting a pitch deck that outlines the business model, market opportunity, and growth potential.

What makes Elevate Ventures different from other VCs?

Elevate Ventures is one of the most active state-backed venture capital firms in Indiana, focusing on fostering innovation and entrepreneurship in the region. They provide not only capital but also strategic support and resources to help startups grow.

What is the geographic scope of Elevate Ventures?

The firm primarily invests in startups located in Indiana and the Midwest, aiming to drive economic growth and job creation in these areas.

What is the typical check size for investments?

Elevate Ventures typically invests between $20,000 and $2 million per round, with total investments in a single company reaching up to $8 million, depending on the stage and growth of the business.

What kind of post-investment involvement does Elevate Ventures have?

Elevate Ventures provides ongoing support to its portfolio companies through various programs, including post-investment resources and strategic guidance to help them navigate challenges and achieve their business objectives.

Check your startup’s fit

Check your startup’s fit with Elevate Ventures

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