Elevate Capital Newsletter

November 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.

Those Who Serve: Investing in the Future of Business

Pictured above: Nitin Rai with Gangadhar Botla

Nitin Rai, Founder and Managing Director of Elevate Capital, met with Pat Dooris, an award-winning news reporter with KGW8, to tell his story (read here) about why Nitin dedicates himself to helping entrepreneurs and underserved communities start businesses. 

“Your life is not about serving yourself. It’s about who else are you impacting and making a difference in others,” said Nitin.

See Nitin's Story

Celebrating a Successful Portfolio Company Exit: Garden Bar by Evergreens

Pictured above: Nitin Rai (Founder/Managing Director at Elevate Capital), Steven Marsh (Elevate Capital Advisor/Mentor), Ana Chaud (Founder of Garden Bar), and Sam Kolbert-Hyle (Partner at Archivist). 

On October 24, community leaders, venture capital partners, advisors, mentors, and friends gathered to celebrate the success of Ana Chaud, founder of Garden Bar. In August 2019, Garden Bar, an Elevate Capital Inclusive and Capital Fund portfolio company since 2016, merged with Evergreens of Seattle. 

“When one of our portfolio companies successfully exits, that's when we create substantial value in the local economy,” says Nitin Rai, Founder and Managing Director of Elevate Capital and President of TiE Oregon. 

“We’re thrilled that this exit allows Ana to take her brand to a higher level by partnering with Evergreens,” adds Nitin. “When I first met Ana, I was immediately impressed with her tenacity, vibrant personality, and commitment to making a personal investment in the business—she was intensely focused on driving Garden Bar forward.” 

“Having Elevate Capital, TiE Oregon Angels, Steven Marsh, and Archivist Capital in our corner to provide ongoing support and mentorship along our journey gave me self-confidence, motivation, and encouragement,” said Ana. “They believed in what we wanted to accomplish and were instrumental in our goal…to succeed and move on.”

A special thank you to our sponsors for making this exit party happen: Archivist, Tonkon Torp, and Evergreens.

Founder Insights Video Series: Steven Sperry, Minnow

In our Founder Insights video series on the Elevate Capital YouTube Channel, Steven Sperry, Co-Founder and CEO of Minnow, shares his “aha” moment, ways to overcome challenges, and how mentorship helped him succeed as an entrepreneur. 

“Before you build anything, before you go out and raise money, get out of your garage or office and go talk to real customers,” said Steven Sperry.

Watch Steven's Video

Featured Portfolio Company: Blendoor

Photo provided by Blendoor

Blendoor is a blind recruiting app that uses augmented intelligence and people analytics to hire and manage a diverse workforce. 

“We track how far different demographics of people make it through the hiring process so that we can identify where bias is happening—either at the individual hiring manager level or through a specific system or process in the recruiting funnel,” said Stephanie Lampkin, Founder and CEO of Blendoor. “That way people feel a bit more accountability for their decision making, to be intentional about simply hiring the best people.”

Check out the latest release of BlendScore—the world’s first and only dynamic diversity, equity, and inclusion index and ranking for the world’s top technology companies. 

Learn More About Blendoor

The Wild Announces Autodesk BIM 360 Integration

Photo provided by The Wild

The Wild, an Elevate Capital Portfolio company, is an immersive collaborative platform for design teams to work together, from anywhere, in virtual and augmented reality. 

Gabe Paez, Founder and CEO of The Wild recently told VRWorldTech and BIM+: “We’re thrilled to offer direct integration with BIM 360, streamlining our connection to project teams and their data through a real-time connection. The Wild has unlocked immersive decision-making in virtual and augmented reality for BIM 360 users without the importing, updating, or fuss.”

Learn More About BIM 360 and The Wild

Guest Portfolio Blog—Building Bank Loyalty: A Path Forward

Photo provided by Bumped

Banks play a pivotal role in many major milestones in a customer’s journey—first jobs, saving for big goals, taking charge of their future—but how do you move from being a transactional partner to building a true relationship, grounded in loyalty?

“Here at Bumped, we’ve been designing a new loyalty platform that helps build deeper connections, drive the customer behaviors that matter most, and introduce a bank’s customers to the right products at key moments, in the most compelling way,” said David Nelson, Founder/CEO of Bumped.
Read Building Bank Loyalty Blog

Portfolio Companies Are Hiring 

  • Bitesize: Multiple Job Listings

  • Blendoor: Multiple Job Listings

  • BrandLive: Multiple Job Listings

  • Bumped: Backend Software Engineer and Product Manager

  • FrontDeskAI: UI Engineer, AI Scientist, Software Engineer, and Sales Executive

  • Minnow: General Manager

  • The Dyrt: Community Support Specialist and Senior Frontend Developer

  • The Wild: Sales Account Executive 

  • ToolBelt: Multiple Job Listings (download app) 

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

In the News: Two Huge Wins for Elevate Capital

Missed seeing last month’s article featuring Elevate Capital in the Portland Business Tribune? Read more about Nat Parker joining Elevate Capital as our Entrepreneur-in-Residence (EIR), and how the success of Garden Bar merging with Evergreens “exemplifies Elevate Capital’s mission.”

Read Portland Business Tribune Article

Happy Thanksgiving from the Elevate Capital Team

As we prepare to take some time away to celebrate Thanksgiving, Elevate Capital would like to take this opportunity to express gratitude to our community for your support and hard work. On behalf of the Elevate Capital team, we wish you and your families a Happy Thanksgiving!

Upcoming 2019 Events

11/6: 5:30 pm

TiE Oregon Charter Member Dinner Series
Workplace Inclusivity Regarding Gender
Nel Centro Restaurant


11/11: Veterans Day
Honoring All Who Served


12/3: 5:30 pm
TiE Pitch Oregon
The Loft, 2010 SE 8th Ave, Portland


12/11: 3:30 pm
TiE Mentor Connect
1355 NW Everett St, Portland

Elevate Capital Sponsors

Copyright © 2019 Elevate Capital. All rights reserved.

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