About Elevate Capital
Elevate Capital is a venture capital firm founded in 2016. It is primarily based out of Hillsboro, United States. As of Mar 2026, Elevate Capital is an active investor, having invested in 76 companies, with 6 new investments in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Seed round of Phosio Overall, Elevate Capital portfolio has seen 4 acquisitions, namely TrueLark, The Wild and GrowthPlug. A lot of funds co-invest with Elevate Capital, with names like Gaingels sharing a substantial percentage of its portfolio. Elevate Capital has team of 25 people including 7 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio Acquisitions
Portfolio Soonicorns
Deals in last 12 months
Elevate Capital's List of Top Investments
Elevate Capital has a portfolio of 76 companies. Their most notable investments are in Photon Marine and Bacon.Their portfolio spans across United States, Singapore, Canada and 2 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 23 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Elevate Capital:1. The Dyrt
Find camping: tent, RV sites, glamping, cabins near you. This platform helps users discover diverse camping options, from traditional tent sites and RV parks to glamping and cabin rentals. It connects outdoor enthusiasts with state parks, national parks, RV parks, and unique glamping locations. The service facilitates the search for camping spots near specific locations, offering reviews and information to aid decision-making. Users can explore various campgrounds, view amenities, and find places suitable for different camping styles. The platform also features articles and resources related to camping, travel, and outdoor activities, enhancing the overall user experience. It serves as a comprehensive resource for planning camping trips and discovering outdoor destinations.
Key facts about The Dyrt
- Founded Year: 2014
- Location: Portland (United States)
- Stage: Series B
- Total Funding till date: $23M
- Employee Count: 39 as on May 31, 2026
- Investors: YX Capital, Peninsula Ventures and 12 Others
- Latest Funding Round: Series B, Oct 19, 2021, $*****
- Highlight: Editors' Pick
2. WEVO
AI based user feedback analytics platform. The platform combines user feedback with human analysis and AI to provide researchers, marketers, and product managers with UX insights. It allows users to read, search, and filter audience feedback by topic, sentiment, and demographics.
Key facts about WEVO
- Founded Year: 2017
- Location: Boston (United States)
- Stage: Series B
- Total Funding till date: $17.8M
- Employee Count: 37 as on Mar 31, 2026
- Investors: Cervin, Accenture and 5 Others
- Latest Funding Round: Series B, Dec 04, 2025, $*****
3. Hemex Health
Portable diagnostic devices empowering healthcare frontlines with affordable, accurate testing. They break traditional barriers with an innovative diagnostic system that expands the potential of diagnostics for important conditions, making accurate tests accessible to new locations and new populations. They design diagnostic technologies for the real world by listening to the needs of healthcare providers including those in some of the most remote and challenging settings. Their initial tests include sickle cell disease, beta thalassemia, and ferritin. They offer a miniaturized version of the gold standard test known as cellulose acetate electrophoresis. Results are displayed quickly and can be stored locally or transmitted to the Cloud for patient and disease tracking. They are focused on point-of-care diagnostics, portable diagnostics, and affordable healthcare solutions. They are working towards social impact by enabling early diagnosis and disease tracking.
Key facts about Hemex Health
- Founded Year: 2016
- Location: Portland (United States)
- Stage: Series A
- Total Funding till date: $6.24M
- Employee Count: 33 as on Jun 30, 2025
- Investors: Alliance of Angels, Social Alpha and 18 Others
- Latest Funding Round: Grant (prize money), Sep 16, 2024, $*****
4. OpConnect
EV charging solutions. It provides a a cloud-based software platform and support for EV charging needs.
Key facts about OpConnect
- Founded Year: 2012
- Location: Portland (United States)
- Stage: Series A
- Total Funding till date: $16.2M
- Employee Count: 32 as on May 31, 2026
- Investors: Village Capital, CDVCA and 12 Others
- Latest Funding Round: Series A, Feb 24, 2025, $*****
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Overwatch Imaging manufactures the UAV with a custom onboard AI software for infrastructure inspection. The real-time automatic detection and reporting capabilities make them compatible for civil and special missions. The company caters to multiple applications including automated land surveillance, maritime patrol, and search, and linear infrastructure inspection.
Key facts about Overwatch Imaging
- Founded Year: 2016
- Location: Hood River (United States)
- Stage: Series A
- Total Funding till date: $6.5M
- Employee Count: 46 as on May 31, 2026
- Investors: Elevate Capital, Squadra Ventures and 5 Others
- Latest Funding Round: Series A, Jan 12, 2026, $*****
- Highlight: Editors' Pick
Elevate Capital's Year-on-Year Investment Trends
Elevate Capital has invested in 76 companies over the last 10 years, with an average of 4 new investments annually in the last 10 years. In 2025, it made 1 investment, while as of Mar 2026, it has made 6 investments in this year. Its most recent first time investment was in Phosio and most recent follow-on round was in Overwatch Imaging.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 5 | 1 | 6 |
2025 | 1 | 0 | 1 |
2024 | 1 | 0 | 1 |
2023 | 5 | 0 | 5 |
2022 | 9 | 2 | 11 |
2021 | 6 | 1 | 7 |
2020 | 0 | 2 | 2 |
2019 | 2 | 0 | 2 |
2018 | 2 | 1 | 3 |
2017 | 1 | 1 | 2 |
Elevate Capital's Investments by Stage
Elevate Capital has made 31 investments in Seed stage with an average round size of $1.5M, 8 investments in Series A stage with an average round size of $7.13M and 1 investment in Series B stage with an average round size of $3.94M.Stage of entry | No. of Investments |
|---|---|
Seed | 31 |
Series A | 8 |
Series B | 1 |
Note: We have considered here, only first round of investments
Elevate Capital's Investments by Sector
Elevate Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, High Tech, FinTech and Sustainability Tech. Notably, it has invested in 65 Tech companies, 41 Enterprise (B2B) companies, 38 Software companies and at least 35 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 16 |
Consumer | 8 |
High Tech | 7 |
FinTech | 6 |
Sustainability Tech | 5 |
Others | 49 |
Note: We have considered here, only first round of investments
Elevate Capital's Investments by Geography
Elevate Capital has made most investments in United States (36), followed by Canada where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 36 |
Canada | 1 |
Egypt | 1 |
Singapore | 1 |
Ukraine | 1 |
Note: We have considered here, only first round of investments
Elevate Capital's recent investments
Elevate Capital has made 6 investments in 2026 so far. Phosio and StrateSea Technology are the latest among them.Here are the most recent investments by Elevate Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 31, 2026 | United States | Seed | 2822 | [+5] | |
Jan 12, 2026 | United States | Seed | 9763 | - | |
Jan 12, 2026 | United States | Series A | 2927 | - | |
Jan 12, 2026 | United States | Seed | 9372 | - | |
Jan 12, 2026 | United States | Seed | 8328 | - |
Acquired companies in Elevate Capital's Portfolio
4 companies from Elevate Capital's portfolio have been acquired. The most recent acquisition was TrueLark in May 2025 by Weave for $*****.Here are Elevate Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 05, 2025 | - | - | 5184 | |
Sep 22, 2022 | Dec 11, 2019 | Seed | 1804 | |
Mar 24, 2022 | - | - | 8354 | |
Aug 13, 2021 | Aug 31, 2016 | Seed | 9873 |
Team profile of Elevate Capital
Elevate Capital has a team of 25 members including 7 Partners, 5 Venture Partners and 2 Principals located in United States. Elevate Capital's team does not sit on the board of any company as of now.Here is a list of top team members in Elevate Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Portland | - | ||
Partner | Portland | - | - | |
Partner | - | - | ||
Partner | San Francisco | - | ||
Partner | Kirkland | - | ||
Partner | Portland | - | - | |
Partner | San Francisco | - | - | |
Venture Partner | Fremont | - | - | |
Venture Partner | Fremont | - | - | |
Venture Partner | Portland | - |
Co-investors of Elevate Capital
Over the past 10 years, 166 investors have co-invested in Elevate Capital's portfolio companies. This includes funds and angels.
- Invested before Elevate Capital: Bend Venture Conference, HHS and 42 others have invested in rounds before Elevate Capital. There are 2 companies where Bend Venture Conference has invested before Elevate Capital and 2 companies where HHS has invested before Elevate Capital.
- Top Co-investors of Elevate Capital: 82 investors entered a company along with Elevate Capital. These include investors like Gaingels (4 companies).
- Invested after Elevate Capital: A total of 40 investors have invested in Elevate Capital's portfolio after their investments. Top Investors include Portland Seed Fund (3 companies), Bend Venture Conference (2 companies) and Pipeline Angels (1 company).
Recent News related to Elevate Capital
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Phosio raises $4 million for thin optical film technology for smart glassesHolography•May 15, 2026•Silicon Catalyst, Phosio, Willamette Valley Capital, Mesh Ventures and 1 other
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PaymentTech Startup ToneTag Raises $78 Mn in a Round Led by Valuequest S.C.A.L.E. Fund and OthersIndianWeb2•Feb 11, 2025•ToneTag, ValueQuest, Elevate Innovation Partners, Iron Pillar and 4 others
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Portland Inno - Oregon investor plans $100M Fund IIIThe Business Journals•Jan 23, 2024•Elevate Capital
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Qashier raises US$10 Million in Series A Funding co-led by Delivery Hero Ventures and IFP SecuritiesQashier•Aug 30, 2023•Qashier, Delivery Hero Ventures, Ifpartners, Antler and 3 others
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Rock Paper Coin Raises $2.3M in FundingFinSMEs•Oct 25, 2022•Rock Paper Coin, Elevate Capital, Hearst, Stormlight Holdings
