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Elevate Capital Newsletter

December 2019


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

Elevate Capital Welcomes New Portfolio Company: WEVO

WEVO is the first company to optimize digital experiences before going live. Nitzan Shaer, Co-Founder & CEO, and Janet Muto Co-Founder & President, created WEVO in response to the marketer's frustration with existing tools that require considerable time, resources and guesswork in an attempt to increase conversion rates. 

Leveraging artificial intelligence (AI) and a proprietary behavioral model, WEVO diagnoses webpages, pinpointing the reasons preventing more customers from converting.  

In October 2019, WEVO was selected as the 2019 TiE10 SoCal winner in the prestigious TiE10 SoCal Awards Program. 

“Marketers are at an inflection point, forgoing millions of dollars in online sales by launching campaigns that have not been optimized and then trying to improve their effectiveness over a period of months,” said Nitzan. “WEVO provides marketers the opportunity to launch an optimized campaign and realize these missed revenues from day one of any new campaign.”

Image provided by WEVO.

Learn More About WEVO

Curadite Receives People’s Choice Award

Congratulations to Curidite for receiving the People’s Choice Award at the Oregon Bio 2019: Innovating and Scaling our Region’s Growth event on October 29, 2019.  Curadite empowers patients, clinicians, caregivers, and family members to work together with the support of an intelligently linked, proactive Multi-tenant SaaS cloud-based medication management platform. 

“Becoming an entrepreneur is more a process of evolution than education. However, in order to engage in that process of evolution, it has to start early,” says Dennis McNannay, Founder and CEO of Curadite. Find out what it took for Dennis to launch Curadite.

Goodwell Co. Wins 2019 Product of the Year

The “Be. Brush (beyond electric),” is the world’s first electric-free and battery-free powered toothbrush. It runs on kinetic power and gives you the performance of an electric brush—without batteries or electricity. It’s an innovative hybrid brush designed to bring better health to you and the planet. 

In November 2019, Goodwell Co., an Elevate Capital portfolio company, won the Product of the Year in the Portland Business Journal’s (PBJ) 2019 Manufacturer of the Year.  

“We are a carbon-neutral company, so just by simply using our products, you can write off at least two things you do every single day as being neutral to your carbon footprint,” said Patrick Triato, Founder and CEO of Goodwell Co. “We’re fighting against pollution and single-use plastic.”

Image provided by Goodwell Co.

Learn More About Goodwell Co.

Founder Insights Video Series: Jennifer Ferguson, Handful 

Always an inspiration, Handful's CEO Jennifer Ferguson shares her entrepreneurial experience in an Elevate Capital Founder Insights video series. Check out Jennifer’s insights to fuel your own entrepreneurial success story.

“As a women-owned company, we are underserved entrepreneurs. But, I feel like this is a really exciting time and there’s a huge amount of support for women.” - Jennifer Ferguson

Watch Jennifer’s Video

Onboard Dynamics Reduces Greenhouse Gas Emissions and Costs with GoFlo® Compressor 

Onboard Dynamics, an Elevate Capital portfolio company since March 2018, is helping to lead the clean fuel revolution by leveraging today’s traditional energy infrastructure to power the transportation needs of the present and future. Last month the company announced the deployment of its GoFlo® natural gas compressor to Serv-Wel Disposal and Recycling, allowing the waste hauler to refuel its trucks in its fleet yard—without any reliance on electricity.  

“We’re excited to be able to offer Serv-Wel an affordable solution that helps make their own onsite CNG refueling possible,” said Rita Hansen, CEO of Onboard Dynamics. “Our goal is to make onsite CNG compression easy and cost-effective for all types of fleet owners and operators.”

Image provided by Onboard Dynamics.

Learn More About Onboard Dynamics

Allie Magyar Named Member of EY Entrepreneurial Winning Women North America Program

Allie Magyar, Founder and CEO of Hubb, an event management software company that automates complex workflows and tasks, never ceases to amaze us. Last month, Allie was one of 13 women founders selected for the EY Entrepreneurial Winning Women™ Program Class of 2019

The EY program “identifies ambitious women entrepreneurs who are leading thriving organizations and provides the access, advisors, and resources needed to scale their companies to their full potential as market-leading innovators.” 

“I am grateful to be part of the EY #winningwomen program—we are changing the world,” said Allie. 

“Besides being a phenomenal product that solves big problems, the main reason we invested in Hubb is because of Allie,” said Nitin Rai, Founder and Managing Director of Elevate Capital. “Allie is unstoppable and deserves all the success she has worked so hard for.” 

Read More

Goumi Expands their Size Range with Slumberkins Collection for Toddlers

Goumi has helped over a million moms feel strength when they return home from the hospital for the first time. Goumi creates organic, eco-friendly baby essentials for your little one. 

Last month, Goumi introduced the exclusive “Dreams Full of Wonder” collaboration with Slumberkins that, for the first time, offered bigger sizes clothing (3T-5T). Goumi recognizes that sleep is an essential part of raising any little one. The collection aims to build connective moments between families as they settle into their bedtime routine.   

“Slumberkins is designed to help bring calm, cozy and connection. We know the connection is one of the most important parts of raising babies,” said Lili Yeo, Founder and CEO of Goumi. “Infused with purpose and love into every detail, we research, build, and rigorously test every product to give our babies the best without compromise.”

Image provided by Goumi.

Learn More About Goumi

Celebrate #NationalAppDay: December 11

Spread the word about your favorite app on #NationalAppDay. Here are a few of our Elevate Capital portfolio company apps to check out and download.  

  • Bumped: Bumped is a no-fee investment app that gives users a fractional share in stock for every purchase they make with participating brands. Learn More

  • The Dyrt: The Dyrt is a platform where campers can easily find and review over 35,000 campgrounds throughout the United States. Learn More

  • ToolBelt: With the residential construction industry facing a skilled labor shortage, the ToolBelt app is tackling the industry’s biggest challenge–limited labor capacity. Learn More

Portfolio Companies in the News

  • Bumped: “Bumped Puts Stock in Brand Loyalty (Bankrate).” Read More

  • The Wild: “Collaborate anywhere with The Wild on your side (VRWorldTech).” Read More

  • Goodwell: “A New Sustainable Choice in Oral Care (Zupans).” Read More

Happy Holidays from Elevate Capital

As we prepare to take some time away to celebrate winter holidays, Elevate Capital would like to take this opportunity to wish you and your families a wonderful holiday season and a new year filled with success, happiness, and prosperity.

Portfolio Companies Are Hiring

  • Bitesize: Multiple Job Listings

  • Blendoor: Multiple Job Listings

  • BrandLive: Multiple Job Listings

  • Bumped: Backend Software Engineer and Product Manager

  • FrontDeskAI: Multiple Job Listings

  • GrowthPlug: Sales Executive, Web Developer, and UI Developer

  • The Dyrt: Community Support Specialist and Senior Frontend Developer

  • The Wild: Sales Account Executive 

  • ToolBelt: Multiple Job Listings 

  • WEVO: Insight Strategist, SMB Insight Strategist, and Product Engineering Tech Lead

  • Wildfang: Retail Sales Associate, CFO, and Store Manager

Upcoming Events

Dec 11: 3:00 pm to 5:00 pm

TiE Mentor Connect Beaverton 

Northwest Portland. This month's mentor is Sharon Richardson Howell, Co-Founder and Managing Partner, Huntington Hill Ventures and TiE Charter Member.

 

Dec 11: 5:30 to 8:30 pm

TiE Oregon Pitch Club Beaverton

Beaverton Chamber of Commerce. Pitch Club is a collaborative workshop for any entrepreneur with the desire to create a perfect pitch. 

 

Jan 30: 5:30 pm to 8:30 pm 

Confessions of an Entrepreneur with Ana Chaud, Founder of Garden Bar

Location: TBD (hosted by TiE Oregon). Ana will discuss the highs and lows of starting the business and how she was able to successfully exit in five years. Read more about Ana’s exit.    

Elevate Capital Sponsors

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