A/VC  Elevate Ventures

http://www.elevateventures.com





     Office Locations:

50 East 91st St., Suite 213
Indianapolis, IN 46240
Phone: 317-975-1901
Fax: 317-252-0255

 

Stages:

  • Early
  • Seed


 

Industries:

  • Communications & Networking
  • Defense & Homeland Security
  • Information Technology
  • Life Sciences & Healthcare
  • Manufacturing & Industrial
  • Software & Internet

  •  

    Description:

    Elevate Ventures nurtures and develops emerging and existing high-potential businesses into high-performing, Indiana-based companies. The three funds managed by Elevate Ventures provide startup capital to Indiana companies in the life sciences, information technology and advanced manufacturing industries. The Indiana Community Development Fund is dedicated to supporting community-interested assets focused on early-stage businesses in Indiana with high growth potential. This program is initially available in the Northern Indiana regions, but will be expanded to Southern Indiana as this region becomes part of Elevate Ventures' statewide network. The ICD Fund's maximum investment size is $50,000 per company. The Indiana Angel Network Fund is a source of seed capital dedicated to discovering and nurturing emerging, high-potential, innovation-based companies within the State of Indiana. The IAN Fund's maximum investment size is currently $125,000 per company. The goal of the 21st Century Fund is to support the resolution of next-stage capital formation issues by co-investing with institutional investors in order to further build innovative, high-impact, high-growth companies. The 21 Fund's maximum investment size is $2 million per company. 4,005 companies impacted; 507 Indiana startups funded.



    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
       
       
       
    COMPANY STAGEREVENUE
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Revenue
    Growth Stage
    (also called Mid-stage)
    $2M-$7M
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B
       
       
     

    Investment Team:


    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Barbara Uggen-Davis CPA, CMA Chief Financial Officer
    Erica Schweyer MBA COO
    Phil Lodato Chief Compliance Officer and General Counsel

     

    Recent Funding Events (trailing 12 months):


      Date


      Name


      State


      Amount


      Stage


      05/07/2024


      Paxafe


      WI


      $9,000,000


      Series A


      04/03/2024


      Neurava


      IN


      $2,000,000


      Series A


      02/29/2024


      PawCo Foods


      CA


      $2,000,000


      Seed


     

    Portfolio companies include:


      Agdia


      Anvl


      Ateios
        web link


      Authenticx
        web link


      BDYWR


      Blue Pillar
        web link


      Bolstra


      Boost


      Canopy.io
        web link


      Casted
        web link


      Chaser


      CloudOne
        web link


      Cobomba


      Codelicious
        web link


      CoolCorp


      Costello
        web link


      Curvo
        web link


      Dattus


      DFTx


      Elate
        web link


      Emerging Threats
        web link


      Gusto


      Laxis
        web link


      MaxTradeIn
        web link


      MITO Material Solutions
        web link


      Nanovis
        web link


      Neurava
        web link


      On Target Laboratories
        web link


      Overfuel
        web link


      PartTec
        web link


      PawCo Foods
        web link


      Paxafe


      Perq
        web link


      Qualifi
        web link


      SIMBA Chain
        web link


      Springbuk
        web link


      Stamus Networks
        web link


      Upper Hand
        web link


      Wolfpack Chassis
        web link


     

    Recent News: