About Elevate Innovation Partners
Elevate Innovation Partners is a venture capital firm founded in 2015. It is primarily based out of New York City, United States. As of Feb 2025, Elevate Innovation Partners has invested in 64 companies. 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 Retail. Most recently it participated in the $***** Series B round of ToneTag Overall, Elevate Innovation Partners portfolio has seen 3 unicorns, 1 IPO and 15 acquisitions including key companies like Coupa, Pendo and Radius. A lot of funds co-invest with Elevate Innovation Partners, with names like 3one4 Capital sharing a substantial percentage of its portfolio. Elevate Innovation Partners has team of 9 people including 3 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio IPOs
Elevate Innovation Partners' List of Top Investments
Elevate Innovation Partners has a portfolio of 64 companies, including 3 unicorns. Their most notable investments are in AMORQA and AMORQA.Their portfolio spans across United States, India, United Kingdom and 7 more locations. They have invested in Enterprise Applications, FinTech, Retail and 21 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Elevate Innovation Partners:
1. Coupa
Provider of cloud-based business spend management platform leveraging AI to help companies achieve visibility, control, and optimization of total spend. It features solutions for spending management, procurement invoice automation, sourcing, travel and expense management, inventory optimization, contract management, spend analysis, data visualization, payment automation, compliance, and supplier management. It caters to multiple sectors like healthcare, hospitality, life sciences, and manufacturing.
Key facts about Coupa
- Founded Year: 2006
- Location: San Mateo (United States)
- Annual Revenue: $500M - $1B as on Jan 31, 2022
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $169M
- Employee Count: 3,711 as on May 31, 2026
- Investors: Meritech, T. Rowe Price and 18 Others
- Latest Funding Round: Post IPO, Jun 11, 2020, $*****
- Highlight: Acquired
2. Pendo
Provider of a platform for product experience and analytics management. The platform offers tools for product analytics, agent analytics, user guides, session replay, and user feedback. It facilitates data synchronization, integrations, and AI-driven insights. The platform helps teams understand user behavior, predict churn, and orchestrate user experiences. It supports product, revenue, IT, and marketing teams.
Key facts about Pendo
- Founded Year: 2013
- Location: Raleigh (United States)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $468M
- Employee Count: 985 as on Jun 30, 2026
- Investors: Meritech, Cross Creek and 19 Others
- Latest Funding Round: Series F, Nov 11, 2021, $*****
- Highlight: Editors' Pick
3. Radius
Radius is a predictive marketing and sales platform. Its smart prospecting list application takes the most comprehensive data set on each small and medium-sized business in America and turns it into actionable insights for anyone whose target market is small business. Radius provides prospect data like contact info and business information in addition to social media activity from Facebook, Twitter, Google, Foursquare and more. Radius can sync prospect data to Salesforce or append current leads with better data. Radius is available on the Salesforce App Exchange.
Key facts about Radius
- Founded Year: 1990
- Location: Crewe (United Kingdom)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $333M
- Employee Count: 51 - 200 as on Jul 01, 2024
- Investors: Western Technology Investment, Glynn Capital and 18 Others
- Latest Funding Round: PE, 2023, $*****
- Highlight: Acquired
4. Verve
Provides a privacy first omni channel advertising platform. The platform allows users to capture real time customer location. It allows users to find customers shopping patterns and interests and categorize customers. It enables users to create a microsite and engage the audience by sending personalized ads. It allows users to measure and analyze campaign performance.
Key facts about Verve
- Founded Year: 2005
- Location: New York City (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $263M
- Employee Count: 514 as on Mar 31, 2026
- Investors: Elderstreet Investments, De Anda Capital and 19 Others
- Latest Funding Round: Series E, Apr 21, 2022, $*****
- Highlight: Acquired
5. Degreed
Provider of a learning experience platform for workforce skill development. The platform offers tools for skill data analysis, personalized learning, and collaborative learning experiences. It helps organizations understand and build workforce skills. The platform provides resources for onboarding, upskilling, and reskilling. It also offers services to maximize the impact of learning initiatives.
Key facts about Degreed
- Founded Year: 2012
- Location: Pleasanton (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $367M
- Employee Count: 553 as on Jun 30, 2026
- Investors: Section Partners, Sapphire Ventures and 35 Others
- Latest Funding Round: Conventional Debt, Apr 13, 2021, $*****
- Highlight: Editors' Pick
Elevate Innovation Partners' Year-on-Year Investment Trends
Elevate Innovation Partners has invested in 64 companies over the last 10 years, with an average of 1 new investment annually in the last 10 years. In 2025, it made 1 investment. Its most recent first time investment was in Goodlord and most recent follow-on round was in ToneTag.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 1 | 1 |
2024 | 0 | 0 | 0 |
2023 | 0 | 2 | 2 |
2022 | 0 | 0 | 0 |
2021 | 0 | 0 | 0 |
2020 | 0 | 0 | 0 |
2019 | 1 | 1 | 2 |
2018 | 2 | 2 | 4 |
2017 | 3 | 1 | 4 |
Elevate Innovation Partners' Investments by Stage
Elevate Innovation Partners has made 3 investments in Seed stage with an average round size of $668K, 3 investments in Series A stage with an average round size of $6M and 2 investments in Series B stage with an average round size of $3.92M.Stage of entry | No. of Investments |
|---|---|
Seed | 3 |
Series A | 3 |
Series B | 2 |
Note: We have considered here, only first round of investments
Elevate Innovation Partners' Investments by Sector
Elevate Innovation Partners has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, High Tech, Real Estate and Construction Tech and Vertical SaaS. Notably, it has invested in 58 Tech companies, 53 Enterprise (B2B) companies, 37 Software companies and at least 24 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 6 |
FinTech | 4 |
High Tech | 3 |
Real Estate and Construction Tech | 3 |
Vertical SaaS | 3 |
Others | 10 |
Note: We have considered here, only first round of investments
Elevate Innovation Partners' Investments by Geography
Elevate Innovation Partners has made most investments in United States (4), followed by India where it has made 3 investments.Country | No. of Investments |
|---|---|
United States | 4 |
India | 3 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
Elevate Innovation Partners' recent investments
Elevate Innovation Partners has not made any investment in 2026 so far.Here are the most recent investments by Elevate Innovation Partners:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 07, 2025 | India | Series B | 8393 | [+4] | |
Nov 15, 2023 | India | Series B | 2374 | - | |
Feb 25, 2023 | India | Series B | 2656 | - | |
May 09, 2019 | United Kingdom | Series B | 9251 | - | |
Apr 30, 2019 | India | Seed | 4393 | [+10] |
Unicorns in Elevate Innovation Partners' Portfolio
Elevate Innovation Partners has 3 unicorns in its portfolio - Pendo, Degreed and Hootsuite. The most recent unicorn in their portfolio is Pendo. It became a unicorn in 2021, 4 years before Elevate Innovation Partners first invested in it.Here is a list of unicorns in Elevate Innovation Partners' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
78 | Provider of a platform for product experience and analytics management | 2013 | Raleigh | Series F | v{sbddj | ||
70 | Provider of a learning experience platform for workforce skill development | 2012 | Pleasanton | Series D | i{qykye | ||
67 | AI based social media management platform for businesses | 2008 | Vancouver | Series B | {unrckg |
IPOs and Publicly Listed companies in Elevate Innovation Partners' Portfolio
1 of Elevate Innovation Partners' portfolio company became public - UGRO Capital. It got listed on the Bombay Stock Exchange (BSE), in Apr 1995.Here are Elevate Innovation Partners' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 12, 1995 | - | - | 6710 |
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Acquired companies in Elevate Innovation Partners' Portfolio
15 companies from Elevate Innovation Partners' portfolio have been acquired. The most recent acquisition was Payzer in Oct 2023 by Wright Express for $*****.Here are Elevate Innovation Partners' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 26, 2023 | - | - | 3755 | |
Dec 12, 2022 | - | - | 7822 | |
Dec 02, 2021 | - | - | 4583 | |
Oct 05, 2021 | - | - | 7818 | |
Jul 12, 2021 | - | - | 2133 |
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Team profile of Elevate Innovation Partners
Elevate Innovation Partners has a team of 9 members including 3 Partners located in India and United States. Elevate Innovation Partners' team does not sit on the board of any company as of now.Here is a list of all team members in Elevate Innovation Partners:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | New York City | - | - | |
Partner | - | - | - | |
Partner | Bengaluru | - |
Co-investors of Elevate Innovation Partners
Over the past 10 years, 134 investors have co-invested in Elevate Innovation Partners's portfolio companies. This includes funds and angels.
- Invested before Elevate Innovation Partners: Reliance Venture Asset Management, Aditya Birla and 64 others have invested in rounds before Elevate Innovation Partners. There is 1 company where Reliance Venture Asset Management has invested before Elevate Innovation Partners and 1 company where Aditya Birla has invested before Elevate Innovation Partners.
- Top Co-investors of Elevate Innovation Partners: 27 investors entered a company along with Elevate Innovation Partners. These include investors like 3one4 Capital (3 companies).
- Invested after Elevate Innovation Partners: A total of 41 investors have invested in Elevate Innovation Partners's portfolio after their investments. Top Investors include DRW Trading Group (2 companies), Tropical Star (1 company) and Amazon (1 company).
Recent News related to Elevate Innovation Partners
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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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Saykara raises $5M funding round for pioneering AI-powered voice assistant for physiciansPR Newswire•Sep 13, 2018•Saykara, SpringRock Ventures, NewYork-Presbyterian, Elevate Innovation Partners and 2 others
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Amazon Prime users can ‘eat and go’ with ToneTagIndiatimes•Jun 13, 2018•ToneTag, Amazon, 3one4 Capital, Elevate Innovation Partners and 1 other
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ToneTag raises up to $10 million from Amazon, Mastercard, othersLivemint•May 29, 2018•ToneTag, Amazon, 3one4 Capital, Elevate Innovation Partners and 1 other
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SquareFoot Raises $7M To Modernize The Search For Office SpacePR Newswire•Apr 18, 2018•SquareFoot, Rosecliff Ventures, RRE Ventures, Triangle Peak Partners and 9 others
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P2P platform Faircent raises Series B from Muthoot Fincorp, Incofin, othersIndiatimes•Dec 19, 2017•Faircent, Incofin Investment Management, JM Financial, 3one4 Capital and 6 others
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ScoreData grabs funding - PE HubPE Hub•Oct 06, 2017•ScoreData, 500 Global, GlobalReach Investment Group, Elevate Innovation Partners and 1 other
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