About Elephant Venture Capital
Elephant Venture Capital is a venture capital firm founded in 2015. It is primarily based out of Boston, United States. As of Jul 2026, Elephant Venture Capital is an active investor, having invested in 35 companies, with 5 new investments in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to FinTech and Consumer. Most recently it participated in the $***** Series F round of ThreatLocker Overall, Elephant Venture Capital portfolio has seen 1 unicorn and 5 acquisitions including key companies like Scopely, KnowBe4 and Fleetio. A lot of funds co-invest with Elephant Venture Capital, with names like Arthur Ventures sharing a substantial percentage of its portfolio. Elephant Venture Capital has team of 11 people including 7 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B & 1 more
Portfolio Acquisitions
Portfolio Unicorns
Deals in last 12 months
Elephant Venture Capital's List of Top Investments
Elephant Venture Capital has a portfolio of 35 companies, one of which is a Unicorn. Their most notable investments are in Fleetio and Katalon.Their portfolio spans across United States, Canada, France and 7 more locations. They have invested in Enterprise Applications, FinTech, Consumer and 18 other sectors, across stages such as Series A, Series B and 1 more. Here is the list of top investments by Elephant Venture Capital:1. Scopely
Developer of interactive entertainment and video games across multiple platforms. The company creates, publishes, and operates immersive games. It utilizes a technology platform to support a diversified portfolio in the games industry. The company focuses on building long-lasting game experiences.
Key facts about Scopely
- Founded Year: 2011
- Location: Culver City (United States)
- Annual Revenue: £1M - £10M as on Dec 31, 2021
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $1.02B
- Employee Count: 3,862 as on Jun 30, 2026
- Investors: New Enterprise Associates, Cross Creek and 70 Others
- Latest Funding Round: Series E, Oct 28, 2020, $*****
- Highlight: Acquired
2. KnowBe4
Provider of platform for security awareness training and simulated phishing. The platform delivers personalized education, helping individuals recognize and resist evolving threats. It offers cloud email security, compliance, and AI defense capabilities. The platform empowers employees to make smarter security decisions.
Key facts about KnowBe4
- Founded Year: 2010
- Location: Clearwater (United States)
- Annual Revenue: $100M - $500M as on Dec 31, 2021
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $403M
- Employee Count: 2,602 as on Jun 30, 2026
- Investors: El Toro Capital Management, Accolade Partners and 14 Others
- Latest Funding Round: Series D, Jun 12, 2019, $*****
- Highlight: Acquired
3. CFI
Online finance and banking training and certifications. It offers various certifications in areas such as financial modeling, business intelligence, commercial banking, and capital markets. Its training includes courses, learning paths, and access to templates and resources. It develops practical skills and enhances professional credibility in the finance industry, delivered through video lessons, interactive exercises, and skill validation assessments.
Key facts about CFI
- Founded Year: 2016
- Location: Vancouver (Canada)
- Stage: Series B
- Total Funding till date: $48M
- Employee Count: 581 as on Jan 05, 2026
- Investors: Elephant Venture Capital and Arthur Ventures
- Latest Funding Round: Series B, Mar 21, 2021, $*****
- Highlight: Editors' Pick
4. Fleetio
Fleetio is a provider of cloud-based fleet management solutions. It offers solutions for fleet management, fuel management, equipment management, maintenance & compliance management, reporting, real-time tracking, and more. Clients include Boyle, Splend, Snap Towing, and others.
Key facts about Fleetio
- Founded Year: 2011
- Location: Birmingham (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $624M
- Employee Count: 449 as on Jun 30, 2026
- Investors: Goldman Sachs, Elephant Venture Capital and 1 Other
- Latest Funding Round: Series D, Mar 20, 2025, $*****
- Highlight: Editors' Pick
Provider of aviation maintenance, repair, and overhaul services for aircraft industry. It offers a range of aviation services such as airframe, line & base maintenance, Avionics Modifications, Calibration Services, Aircraft Painting, Cabin Modifications, Non-Destructive Testing, Integrated Maintenance Solutions, Business and Executive Aviation, Defense Aviation Support, and Training services. Its portfolio of services that cater to various segments of the aviation industry, including commercial airlines, business aviation, and defense services.
Key facts about Air Works Group
- Founded Year: 1951
- Location: Gurugram (India)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2026
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $82.7M
- Employee Count: 1,575 as on Jun 30, 2026
- Investors: New Enterprise Associates, BlackSoil and 12 Others
- Latest Funding Round: Unattributed, Apr 07, 2015, $*****
- Highlight: Acquired
Elephant Venture Capital's Year-on-Year Investment Trends
Elephant Venture Capital has invested in 35 companies over the last 10 years, with an average of 3 new investments annually in the last 10 years. In 2025, it made 5 investments, while as of Jul 2026, it has made 3 investments in this year. Its most recent first time investment was in TJMLabs and most recent follow-on round was in ThreatLocker.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 1 | 3 |
2025 | 4 | 1 | 5 |
2024 | 3 | 0 | 3 |
2023 | 1 | 4 | 5 |
2022 | 3 | 3 | 6 |
2021 | 8 | 0 | 8 |
2020 | 3 | 1 | 4 |
2019 | 0 | 0 | 0 |
2018 | 2 | 0 | 2 |
2017 | 3 | 0 | 3 |
Elephant Venture Capital's Investments by Stage
Elephant Venture Capital has made 19 investments in Series A stage with an average round size of $18.8M, 11 investments in Series B stage with an average round size of $46M and 3 investments in Series C stage with an average round size of $62.7M.Stage of entry | No. of Investments |
|---|---|
Series A | 19 |
Series B | 11 |
Series C | 3 |
Note: We have considered here, only first round of investments
Elephant Venture Capital's Investments by Sector
Elephant Venture Capital has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, Vertical SaaS, Consumer and Enterprise Infrastructure. Notably, it has invested in 33 Tech companies, 27 Enterprise (B2B) companies, 23 Saas companies and at least 23 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 25 |
FinTech | 9 |
Vertical SaaS | 8 |
Consumer | 6 |
Enterprise Infrastructure | 6 |
Others | 27 |
Note: We have considered here, only first round of investments
Elephant Venture Capital's Investments by Geography
Elephant Venture Capital has made most investments in United States (21), followed by Canada where it has made 3 investments.Country | No. of Investments |
|---|---|
United States | 21 |
Canada | 3 |
France | 3 |
Belgium | 1 |
Ireland | 1 |
Others | 4 |
Note: We have considered here, only first round of investments
Elephant Venture Capital's recent investments
Elephant Venture Capital has made 3 investments in 2026 so far. ThreatLocker and TJMLabs are the latest among them.Here are the most recent investments by Elephant Venture Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 29, 2026 | United States | Series F | 3896 | [+1] | |
Jul 09, 2026 | United States | Series B | 3246 | [+1] | |
May 07, 2026 | Belgium | Series A | 7738 | ||
Dec 09, 2025 | France | Series A | 2323 | - | |
Sep 17, 2025 | United States | Series A | 4784 |
Unicorns in Elephant Venture Capital's Portfolio
Elephant Venture Capital has 1 unicorn in its portfolio - Fleetio. The most recent unicorn in their portfolio is Fleetio which became a unicorn in 2025, 4 years after Elephant Venture Capital first invested in it.Here is a list of unicorns in Elephant Venture Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
65 | Provider of cloud-based fleet management solutions | 2011 | Birmingham | Series D | hemougv |
Acquired companies in Elephant Venture Capital's Portfolio
5 companies from Elephant Venture Capital's portfolio have been acquired. The most recent acquisition was Scopely in Apr 2023 by Savvy Games Group for $*****.Here are Elephant Venture Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 05, 2023 | Jul 26, 2016 | Series B | 3931 | |
Oct 18, 2022 | - | - | 4898 | |
Oct 12, 2022 | Feb 01, 2016 | Series A | 1917 | |
Jul 14, 2022 | Jan 14, 2018 | Series A | 6591 | |
Jun 02, 2021 | Jul 31, 2017 | Series A | 8951 |
Team profile of Elephant Venture Capital
Elephant Venture Capital has a team of 11 members including 7 Partners and 2 Principals located in United States. Elephant Venture Capital's team sits on the board of 2 companies.Here is a list of top team members in Elephant Venture Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | New York City | - | ||
Partner | Boston | - | - | |
Partner | New York City | - | - | |
Partner | Boston | - | - | |
Partner | New York City | - | - | |
Partner | - | - | - | |
Partner | - | - | - | |
Principal | - | - | - | |
Principal | - | - | - |
Co-investors of Elephant Venture Capital
Over the past 10 years, 135 investors have co-invested in Elephant Venture Capital's portfolio companies. This includes funds and angels.
- Invested before Elephant Venture Capital: Felicis Ventures, Moonshots Capital and 60 others have invested in rounds before Elephant Venture Capital. There are 2 companies where Felicis Ventures has invested before Elephant Venture Capital and 1 company where Moonshots Capital has invested before Elephant Venture Capital.
- Top Co-investors of Elephant Venture Capital: 31 investors entered a company along with Elephant Venture Capital. These include investors like Arthur Ventures (3 companies).
- Invested after Elephant Venture Capital: A total of 42 investors have invested in Elephant Venture Capital's portfolio after their investments. Top Investors include Goldman Sachs (2 companies), Advance (1 company) and TCG Ventures (1 company).
Recent News related to Elephant Venture Capital
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US Investor Elephant Leads €11.5M Funding Round for Belgian Startup TekstTech Funding News•May 07, 2026•Tekst, , Elephant Venture Capital, Entourage
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Evertrust Secures €10M Series A Funding to Expand in EuropeStartup Rise EU•Dec 09, 2025•EVERTRUST, Elephant Venture Capital, Ivory Ella
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Ultralytics Secures $30M Series A to Accelerate Vision AI InnovationMetrology News•Oct 03, 2025•SquareOne, Ultralytics, Elephant Venture Capital
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Ultralytics Raises $30M to Expand Computer Vision ModelsSiliconAngle•Sep 17, 2025•SquareOne, Ultralytics, Elephant Venture Capital
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Stavtar Solutions Secures $55 Million from Elephant to Accelerate Growth and Scale OperationsGlobal Fintech Series•Aug 06, 2025•Stavtar Solutions, The Elephant Sanctuary in Tennessee, Elephant Stock, Elephant Venture Capital and 1 other
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Turkish fintech Sipay raises USD 78 million to enter emerging markets
The Paypers•Apr 09, 2025•Sipay, Elephant Venture Capital, QuantumLight
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Fleetio raises $450 million for acquisition planThescxchange•Mar 26, 2025•Fleetio, Auto Integrate, MLB, Elephant Venture Capital and 1 other
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