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Elevate Capital News Flash

January 26, 2021

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.

Elevate Capital Launches $40 Million Fund II to Expand Mission of Inclusive Investing

Elevate Capital recently completed a $26 million first close of the Elevate Fund II to enhance its efforts to support underserved minority and women entrepreneurs with early-stage funding. 

With Fund II now officially launched, Elevate Capital has already lined up six investments, all of which are led by Black founders and CXOs. 

Read News Release

Elevate Capital Blog: Hello World, Again!

We are back with our next fund: Elevate Capital Fund II, a $40 million fund that is bigger, better, and stronger, with an expanded national team of five and an army of Venture and Executive Partners nationwide. 

Our partners are rolling up their sleeves to pay it forward with their money as investors and their time as mentors to help these overlooked entrepreneurs create generational wealth for themselves and their communities and make a dent in that $4 trillion opportunity gap.

Read Blog

Wall Street Journal: Fund Brings Returns From Diverse Portfolio

Elevate Capital has backed six startups so far from its second fund, which recently closed on $26 million toward a $40 million target. Five of the startups are led by Black women, a high rate for the venture industry.
Read WSJ Article

Portland Business Journal: Elevate Capital Secures $26M of Fund II, Makes 6 Investments

Portland investment firm Elevate Capital has $26 million of its targeted $40 million second fund specializing in funding underrepresented founders, can now deploy the capital, backing six startups, all with Black founders and c-suite executives. 
Read PBJ Article

Leadership is No Accident Podcast: From Rags-to-Riches

Andy Robbins, Founder of Oyster, a Portland-based leadership development company and Leadership is No Accident podcast, sat down with Nitin Rai, Founder and Managing Director of Elevate Capital, to discuss Nitin’s entrepreneur “rags-to-riches story.” Hear how Nitin’s “opinion of angel investing changed over time, and how being a person of color affected his ability to rise through the ranks of corporate America.” 

Listen to Podcast

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