About BAM Elevate
BAM Elevate is a venture capital firm founded in 2001. It is primarily based out of Boston, United States. As of May 2026, BAM Elevate has invested in 17 companies. It primarily invests in Series D round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Auto Tech. Most recently it participated in the $***** Series E round of Astranis Overall, BAM Elevate portfolio has seen 11 unicorns including key companies like Envoy, Fireblocks and Carbon Health. A lot of funds co-invest with BAM Elevate, with names like Premji Invest sharing a substantial percentage of its portfolio. BAM Elevate has team of 4 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series D, Series B & 3 more
Portfolio Soonicorns
Deals in last 12 months
BAM Elevate's List of Top Investments
BAM Elevate has a portfolio of 17 companies, including 11 unicorns. Their most notable investments are in Craft and Astranis.Their portfolio spans across United States, India and Israel. They have invested in Enterprise Applications, High Tech, Auto Tech and 16 other sectors, across stages such as Series D, Series B and 3 more. Here is the list of top investments by BAM Elevate:1. Envoy
SaaS-driven workplace and office management solutions for facility managers. Its solutions include visitor management, desk and room booking, delivery management, etc.
Key facts about Envoy
- Founded Year: 2013
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $170M
- Employee Count: 463 as on Aug 31, 2026
- Investors: TriplePoint Capital, Graph Ventures and 21 Others
- Latest Funding Round: Series C, Jan 11, 2022, $*****
- Highlight: Editors' Pick
2. Fireblocks
Provider of an online platform for crypto custody, payments, tokenization, and wallet-as-a-service. The platform offers APIs to custody, manage treasury operations, access Defi, mint and burn tokens, and manage their digital asset operation.
Key facts about Fireblocks
- Founded Year: 2018
- Location: New York (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $1.04B
- Employee Count: 967 as on Sep 30, 2026
- Investors: CapitalG, Tenaya Capital and 38 Others
- Latest Funding Round: Series E, Jan 27, 2022, $*****
- Highlight: Editors' Pick
Provider of a wide range of healthcare services. The platform allows patients to book appointments, message provider, view health history, and manage prescriptions all in one place. Users can also order diagnostic tests and medicines at home.
Key facts about Carbon Health
- Founded Year: 2015
- Location: Seattle (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $614M
- Employee Count: 1,079 as on Sep 30, 2026
- Investors: Silver Lake, Dragoneer Investment Group and 66 Others
- Latest Funding Round: Series D, Jan 09, 2023, $*****
- Highlight: Editors' Pick
4. FBN
Network of services for farm management, supplies, and financial solutions. The platform provides access to agricultural inputs, financing options, and marketing programs. It connects farmers to grain buyers and offers data-driven insights. The network facilitates community engagement through online forums and events.
Key facts about FBN
- Founded Year: 2014
- Location: San Carlos (United States)
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $981M
- Employee Count: 808 as on Sep 30, 2026
- Investors: T. Rowe Price, Fidelity Investments and 32 Others
- Latest Funding Round: Series G, Jul 28, 2025, $*****
- Highlight: Editors' Pick
Developer of vehicle software, simulation, validation, and autonomy AI stacks. The company provides tools for vehicle intelligence, including solutions for ADAS and automated driving development. It offers a vehicle operating system enabling manufacturers to develop vehicle software across domains. The company delivers self-driving system programs and autonomy stacks for various vehicle types.
Key facts about Applied Intuition
- Founded Year: 2017
- Location: Sunnyvale (United States)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $1.2B
- Employee Count: 1,648 as on Sep 30, 2026
- Investors: Fidelity Investments, Hanover Capital and 44 Others
- Latest Funding Round: Series F, Jun 17, 2025, $*****
- Highlight: Editors' Pick
BAM Elevate's Year-on-Year Investment Trends
BAM Elevate has invested in 17 companies over the last 4 years, with an average of 1 new investment annually in the last 3 years. In 2025, it made 1 investment, while as of May 2026, it has made 1 investment in this year. Its most recent first time investment was in Applied Intuition and most recent follow-on round was in Astranis.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 1 | 1 |
2025 | 1 | 0 | 1 |
2024 | 3 | 1 | 4 |
2023 | 3 | 0 | 3 |
2022 | 5 | 0 | 5 |
BAM Elevate's Investments by Stage
BAM Elevate has made 4 investments in Series D stage with an average round size of $105M, 3 investments in Series B stage with an average round size of $181M, 2 investments in Series C stage with an average round size of $45M, 2 investments in Series E stage with an average round size of $275M and 1 investment in Series F stage with an average round size of $600M.Stage of entry | No. of Investments |
|---|---|
Series D | 4 |
Series B | 3 |
Series C | 2 |
Series E | 2 |
Series F | 1 |
Note: We have considered here, only first round of investments
BAM Elevate's Investments by Sector
BAM Elevate has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, FinTech, Vertical SaaS and Artificial Intelligence - Industry Applications. Notably, it has invested in 17 Tech companies, 15 Enterprise (B2B) companies, 11 Software companies and at least 9 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 9 |
High Tech | 5 |
FinTech | 3 |
Vertical SaaS | 3 |
Artificial Intelligence - Industry Applications | 2 |
Others | 12 |
Note: We have considered here, only first round of investments
BAM Elevate's Investments by Geography
BAM Elevate has made most investments in United States (12), followed by India where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 12 |
India | 1 |
Note: We have considered here, only first round of investments
BAM Elevate's recent investments
BAM Elevate has made 1 investments in 2026 so far - Astranis.Here are the most recent investments by BAM Elevate:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 06, 2026 | United States | Series E | 9927 | [+7] | |
Jun 17, 2025 | United States | Series F | 1040 | [+15] | |
Oct 02, 2024 | United States | Series B | 3211 | [+17] | |
Jul 24, 2024 | United States | Series D | 9663 | [+12] | |
Jul 15, 2024 | United States | Series D | 8253 |
Unicorns in BAM Elevate's Portfolio
BAM Elevate has 11 unicorns in its portfolio - RapidSOS, Poolside, AlphaSense and others. The most recent unicorn in their portfolio is RapidSOS. It became a unicorn in 2025, 3 years after BAM Elevate first invested in it.Here is a list of unicorns in BAM Elevate's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
70 | Provider of an intelligent safety platform connecting data to first responders | 2012 | New York City | Series E | lwgpohm | ||
62 | Developer of artificial intelligence models and systems for software engineering | 2023 | San Francisco | Series C | aaegclh | ||
68 | AI powered market intelligence and search platform | 2011 | New York | Series F | foffabr | ||
69 | Operator of cloud platform providing infrastructure for artificial intelligence workloads | 2018 | Denver | Series F | iwspbjb | ||
68 | Provider of a business artificial intelligence platform with agentic and model layers | 2008 | Palo Alto | Series F | pxlpvsb |
Team profile of BAM Elevate
BAM Elevate has a team of 4 members including 2 Partners and 2 Principals located in United States. BAM Elevate's team does not sit on the board of any company as of now.Here is a list of all team members in BAM Elevate:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | San Francisco | - | ||
Partner | San Francisco | - | ||
Principal | San Francisco | - | ||
Principal | San Francisco | - | - |
Co-investors of BAM Elevate
Over the past 4 years, 339 investors have co-invested in BAM Elevate's portfolio companies. This includes funds and angels.
- Invested before BAM Elevate: Y Combinator, Andreessen Horowitz and 251 others have invested in rounds before BAM Elevate. There are 3 companies where Y Combinator has invested before BAM Elevate and 2 companies where Andreessen Horowitz has invested before BAM Elevate.
- Top Co-investors of BAM Elevate: 56 investors entered a company along with BAM Elevate. These include investors like Premji Invest (2 companies).
- Invested after BAM Elevate: A total of 30 investors have invested in BAM Elevate's portfolio after their investments. Top Investors include BlackRock (1 company), Manhattan Venture Partners (1 company) and Acrew Capital (1 company).
Recent News related to BAM Elevate
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Saronic Closes $1.75B Series D FundingMarinelink•Mar 31, 2026•Saronic, Kleiner Perkins, Caffeinated, Franklin Templeton Investments and 9 others
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Zap Energy attracts $130M in fresh capital as demo power plant system begins operations and aims for first milestoneMiningstockeducation•Oct 09, 2024•Zap Energy, Soros Fund Management, BAM Elevate, Emerson Collective and 10 others
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Poolside raises $500M to take on GitHub and others with its AI coding assistantsSiliconAngle•Oct 03, 2024•Poolside, Bain Capital Ventures, eBay, Nvidia and 16 others
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Zap Energy investors in the recent round of 130 million dollars included Soros Fund and Emerson Collective de Laurene Powell Jobs.esdelatino.com•Sep 26, 2024•Soros Fund Management, BAM Elevate, Emerson Collective, Mizuho Financial Group and 7 others
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Astranis is set to build Omega constellation after $200M Series DTechCrunch+•Jul 24, 2024•Astranis, Andreessen Horowitz, BAM Elevate, BlackRock and 1 other
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RapidSOS: Intelligent Safety Company Raises $150 MillionPulse 2.0•Mar 06, 2024•RapidSOS, BlackRock, NightDragon, BAM Elevate and 8 others
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AlphaSense, an AI-based market intel firm, snaps up $150M at a $2.5B valuationTechCrunch+•Sep 28, 2023•AlphaSense, Bond Capital, CapitalG, Viking Global Investors and 3 others
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Leap Raises $15M in FundingFinSMEs•Jun 21, 2023•Leap, BAM Elevate, Costanoa, Equal Ventures and 1 other
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Enterprise intelligence company Craft raises $32 million Series B funding to illuminate and strengthen global supplier networksBusiness Wire•Feb 01, 2023•Craft, BAM Elevate, Balyasny Asset Management, Greycroft and 4 others
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Proving that banking as a service is hotter than ever, Treasury Prime raises $40M Series CTechCrunch+•Feb 01, 2023•Treasury Prime, BAM Elevate, The Banc Funds, Invicta Watch and 4 others
