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Elevate Capital Newsletter

January 2020


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.

Healthcare Startup Company Relocates to Oregon: Elevate Capital Invests $1 Million in GrowthPlug

GrowthPlug Co-Founders Sudhir Bhatti, CEO, and Shavita Bhatti, Chief Operating Officer

 

GrowthPlug, a healthcare practice growth and optimization software-as-a-service (SaaS) company, secured a $1 million investment commitment from Elevate Capital in December 2019. 

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.  

GrowthPlug is helping hundreds of dentists, ophthalmologists, veterinarians, and medical spa practitioners across the U.S. accelerate new patient acquisition, manage online reputation, and automate front desk operations. 

"We’re impressed with GrowthPlug's innovative and targeted approach to serving a rapidly growing number of customers in the healthcare practice market," said Nitin Rai, Founder and Managing Director at Elevate Capital, who has also joined GrowthPlug's Board of Directors. 

"Elevate Capital’s investment in GrowthPlug supports our mission to provide funding to minority entrepreneurs with disruptive ideas and products—one of the co-founders is a woman, and both co-founders are entrepreneurs of color.” 

"Nitin has a deep understanding of how healthcare practices operate along with the key challenges they face in delivering a great patient experience,” said Sudhir Bhatti, Co-Founder and CEO of GrowthPlug. 

“We are fortunate to have Nitin support GrowthPlug in accelerating our go-to-market strategy. He played a pivotal role in helping us make the transition from Silicon Valley to the Greater Portland area and connect with the local startup community."

Read more about how GrowthPlug is expanding its operations. 

Founder Insights Video Series: David Nelson, Bumped

Is your business disrupting an industry? In our Founder Insights video series, hear what David Nelson, Founder and CEO of Bumped, has to say about his journey launching several companies that one day led to Bumped.

“You end up winning because you open up another door when the last door closes. Scrappiness is what leads to success when you're creating something out of nothing.” – David Nelsen 

Watch David's Video

Wildfang Chosen as an Oregon 2019 Most-Admired Company

On December 5, 2019, the Portland Business Journal (PBJ) and nearly 1,000 people gathered at the Portland Hilton Ballroom to honor Oregon’s 2019 Most-Admired companies. PBJ recognized 94 companies based on a survey they collected from more than 5,000 CEOs. 

Congratulations to Wildfang, an Elevate Capital portfolio company, for receiving this prestigious honor—the company ranked #5 in the “Product Makers and Designer” category. Wildfang, a female-founded and women-run company, is known for its “Tomboy” tee and “Wild Feminist” design. 

Learn More About Wildfang

Hubb Makes Inc. 5000 List of Fastest-Growing Private Companies in the U.S.

Hubb, an events-management software company, led by Founder and CEO Allie Magyar, is trusted by many of the largest conferences in the world to streamline conference management—saving time, relieving stress, and getting content to market faster. 

For the first time, Hubb made the Inc. 5000 list, ranking #827 as one of the fastest-growing businesses in 2019 with a three-year growth of 516.48%. 

Read More

Portfolio Companies Are Hiring

Upcoming Events

Jan 14 (9:00-10:30 am) – TiE Oregon 2020 Charter Member Annual Meeting

Jan 20 – Dr. Martin Luther King, Jr. Day

Jan 22 (5:30-8:30 pm, Portland) – Confessions of an Entrepreneur with Ana Chaud, Founder of Garden Bar. Ana will discuss the highs and lows of starting the business and how she was able to successfully exit in five years. 

Jan 25 – Chinese New Year (Year of the Rat)

Feb 4 (5:30-8:30 pm, Portland) – TiE Oregon Charter Member Dinner Series: Inclusivity in the Workplace Re: Race  

Elevate Capital Sponsors

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