Elevate Capital Newsletter

August 2020

At Elevate Capital, we believe there is tremendous opportunity to invest early and offer mentorship to underserved entrepreneurs. We provide the inclusive venture capital and guidance they need to turn their startups into great companies.

Minnow Raises $2.2 Million in Oversubscribed Seed Round

Minnow Technologies, a Seattle-based IoT startup that has developed a contact-free food delivery and pickup solution (called the Minnow Pickup Pod™), announced on August 4 that it has raised $2.2M in an oversubscribed seed round. 

Elevate Capital led the seed round. Also participating were Portland Seed Fund and the venture capital arm of Lincoln Property Company, LPC Ventures. In addition to this financing, Minnow raised a $1.2M pre-seed round in 2018.

"We're thrilled to be able to help power Minnow's growth," said Nitin Rai, Managing Partner of Elevate Capital. "Minnow has everything we look for in an investment—a passionate team of experienced entrepreneurs, a bold and disruptive vision, defensible technology, and an enormous market opportunity."

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Elevate Capital and TiE Oregon Sponsor Bend Venture Conference Application Scholarships

Are you planning to compete in the 2020 Bend Venture Conference (BVC)? Elevate Capital and TiE Oregon are sponsoring application scholarships for BIPOC (Black, Indigenous, People of Color) and female founders for the Impact Access competition. Impact Access Competition applications are due no later than August 13, 2020. 

The 2020 BVC conference (October 15-16, 2020) will be held in person (Tower Theatre in Bend, Oregon) and virtually, with opportunities to present your company in both formats, as travel and health restrictions allow. 

BVC offers three competition categories: Growth Stage, Impact Access, and Early Stage, with three to five finalists selected in each category. This premier regional event, presented by the Economic Development for Central Oregon (EDCO), attracts top funds, entrepreneurs, investors, and business leaders each year. 

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Apply For BVC

GrowthPlug Recognized as a Top 20 Marketing Leader

Congrats to GrowthPlug, an Elevate Capital portfolio company, for being recognized by The Sociable technology news blog as one of the top 20 marketing leaders you should get to know in 2020.  

GrowthPlug is a practice growth and optimization SaaS to accelerate new patient acquisition, manage online reputation, automate front desk operations with appointment scheduling, and elevate the patient experience. 

In November 2019, GrowthPlug relocated to Beaverton, Oregon from Silicon Valley. The company is growing rapidly and increased revenues by 300 percent during the past year. Learn more about career opportunities at GrowthPlug

Going Camping? Get The Dyrt Camping App

Are you considering embracing the great outdoors? Need some advice on the best campground? The Dyrt is one of the fastest-growing and highest-ranking camping apps for iOS and Android. 

Search more than 500,000 listings, reviews, and tips (The Dyrt Magazine) for campsites across the U.S. Members receive discounts at hundreds of campgrounds and on camping gear. You can also win prizes from top outdoor brands when you post a review, upload photos, added videos, and share a review.

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CDC Posts COVID-19 Factsheets for Young Adults

The Centers for Disease Control and Prevention (CDC) posted a free COVID-19 Toolkit for Young Adults: 15 to 21 on its COVID-19 website. Download six colorful fact sheets that focus on a variety of topics, including how to wear a face covering, how to maintain social distancing, what test results mean, how to stay safe at the pool or beach, and other preventive measures. 

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Avoid Hand Sanitizers That Contain Methanol

The U.S. Federal Drug Administration (FDA) is warning that “substantial methanol exposure” can cause nausea, vomiting, headache, blurred vision, permanent blindness, seizures, coma, and permanent damage to the nervous system or even death.

Use hand sanitizer that does not contain methanol (wood alcohol) and contains at least 60% ethanol (ethyl alcohol). For more information on what hand sanitizer products the FDA advises consumers to not use, visit the FDA website

Social Media and Marketing Tools: Have You Tried Canva?

Graphics and images are vital to your business. Canva is an excellent tool for creating stunning visual assets for social media posts, logos, posters, flyers, and infographics. 

Choose from professionally designed templates for a variety of content platforms, as well as thousands of royalty-free icons, photos, and fonts. Canva is free and you can upgrade to advanced tools and more content.

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Portfolio Companies Are Hiring

Upcoming Virtual Events

August 27 (10:00 to 11:00 am) – August Power Breakfast, Portland Business Journal

September 18 (11:00 am to 12:00 pm) – Health Care of the Future, Portland Business Journal

September 29 - October 2 (12:00 pm) – CAPCON 2020, Venture Life Science Conference 

October 8 (11:00 am to 12:00 pm) – Corporate Philanthropy Awards, Portland Business Journal

October 15 - 16 (in person and virtual) – 17th Annual Bend Venture Conference, Economic Development for Central Oregon (EDCO)

Elevate Capital Sponsors

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