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Elevate Capital Newsletter

February 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.

Venture Capital Internship at Elevate Capital Fuels an Entrepreneurship Passion

Angela Liu, a third-year undergraduate student at Columbia University, shares her entrepreneur insights and how an Elevate Capital internship accelerated her personal growth. Get inspired by Angela’s passion for entrepreneurship, venture capital, and gender equality.

Read Angela’s Story

Portfolio Spotlight: TrayAway Celebrates 100th Hotel Location

Bringing modern room service convenience to hotel guests is a snap with TrayAway, a New Orleans-based startup. Once guests complete their meal, they click a WiFi-enabled TrayAway device to notify hotel staff to pick up their dirty trays. 

“Cluttering the hallways with dirty trays and trolleys are a thing of the past,” said Josh Johnston, TrayAway Co-Founder and President. 

TrayAway recently celebrated a milestone announcing their devices are now in 100 locations across 10 countries. Check out their stories in Silicon Bayou News, Biz New Orleans, and The Hospitality Slick Talk podcast.  

Helping Entrepreneurs and Underserved Communities

Missed the KGW8 video with award-winning news reporter Pat Dooris and Nitin Rai, Founder and Managing Director of Elevate Capital? See why Nitin dedicates himself to helping entrepreneurs and underserved communities start businesses. Nitin specializes in visionary founders who are minorities, women, or veterans with disruptive services and products.  

“It’s not just about yourself. It’s taking care of others around you. This is something I will do 'til the day I die. I love helping young entrepreneurs create businesses, and then repeating that virtuous cycle of giving back is very important to me,” said Nitin. 

Managing Director Nitin Rai with award-winning news reporter Pat Dooris outside of Rai's favorite coffee shop, Case Study.
Watch Video

Portfolio Spotlight: Hemex Health Changes Future for Sickle Cell Disease

Hemex Health is leading the way to create affordable, life-changing medical diagnostics for under-served people everywhere. 

“The Hemex Health team is currently working on the Gazelle portable reader clinical study with clinicians and researchers at the Korle-Bu Teaching Hospital in Ghana who want to change the future for sickle cell disease,” said Patti White, CEO of Hemex Health.

The clinical team of doctors and lab technicians who are working on the clinical study (with Hemex Health team, Dr. Priya Thota, Clinical Research Manager, and Cora Layman, Laboratory Tech).

In the Korle-Bu project, Gazelle will be studied in the vaccination clinical to screen children, in the maternity ward for newborns, and in the sickle cell clinic to monitor patients on treatment. This study was funded by CTIP (Catalyzing Pediatric Innovation Grant) and sponsored by the U.S. FDA. 

In Ghana, 2% of all babies are born with sickle cell disease (15,000 per year) and 25% of the population has sickle cell trait, yet very few can receive early screening to start treating before the sickle cell disease symptoms occur. Most children in sub-Saharan Africa with sickle cell disease die by their fifth birthday.

Novartis announced in 2019 that they are bringing in low-cost sickle cell treatment in collaboration with the Government of Ghana. Hemex Health is a member of the Novartis Biome and is collaborating with Novartis on sickle initiatives. 

Hemex Health products are manufactured in India and are pending India regulatory approval to launch there also.

Times of Entrepreneurship Launches Free Weekly E-Newsletter

Subscribe to the new Times of Entrepreneurship weekly free e-newsletter. Read the latest news from entrepreneurs who are working on the world’s biggest problems in health, climate, fintech, education, and security, as well as women and immigrant entrepreneurs. 

The Times of Entrepreneurship was founded by Elizabeth MacBride, a journalist in residence at the Legatum Center at MIT. If you have a story to share, pitch it to Elizabeth at elizabeth.macbride5@gmail.com.
Subscribe Here

Portfolio Spotlight: WEVO is Recognized as a Top 50 Startup

WEVO, the only company providing digital marketers the tools to optimize digital experiences before going live, has been named one of Built In Boston’s 50 startups to watch in 2020. WEVO has developed the only marketing technology platform that blends artificial intelligence and customer feedback to provide actionable recommendations for marketers before launching a campaign or web page.
Read More About WEVO

Portfolio Companies Are Hiring

Upcoming Events

Feb 7 – National Wear Red Day®. Help raise awareness about cardiovascular diseases and stroke in women. #WearRedAndGive #HeartHealthMonth #GoRedForWomen

Feb 12 (5:15 pm, Portland) – Oregon Entrepreneurs Network PubTalk: Picking the Right Incubator, Accelerator, or Co-Working Space

Feb 18 (3:30 pm, Portland) – TiE Oregon: Mentor Connect Portland with David Katz

Feb 18 (5:30 pm, Portland) – TiE Oregon: Pitch Club Portland

Mar 11 (3:00 pm, Hillsboro) – TiE Oregon: Mentor Connect Hillsboro with Doug de Weese

Mar 11 (5:30 pm, Portland) – TiE Oregon Pitch Club Hillsboro

Apr 2-3 (Portland State University’s Viking Pavilion) – TechfestNW. Join the pitch competition at Pitchfest

Elevate Capital Sponsors

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