About Elevate Ventures
Elevate Ventures is a venture capital firm founded in 2011. It is primarily based out of Indianapolis, United States. As of May 2026, Elevate Ventures is an active investor, having invested in 254 companies, with 1 new investment 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 Life Sciences and High Tech. Most recently it participated in the $***** Seed round of CTC Global Solutions Overall, Elevate Ventures portfolio has seen 3 IPOs and 51 acquisitions including key companies like Sharpen, Perq and Woven Teams. A lot of funds co-invest with Elevate Ventures, with names like High Alpha sharing a substantial percentage of its portfolio. Elevate Ventures has team of 20 people including 7 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 5 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Soonicorns
Deals in last 12 months
Elevate Ventures' List of Top Investments
Elevate Ventures has a portfolio of 254 companies. Their most notable investments are in Boosterville and Ellipsis Education.Their portfolio spans across United States, India, Canada and 5 more locations. They have invested in Enterprise Applications, Life Sciences, High Tech and 33 other sectors, across stages such as Seed, Series A and 5 more. Here is the list of top investments by Elevate Ventures:1. Sharpen
Sharpen is a multi channel cloud contact center solution. It provides a cloud native contact center platform to manage inbound calling solutions for call centers. Offers auto-attendant, skill based routing, ACD, call recording, outbound text messaging. Offers reporting and analytics dashboard for managing incoming calls, agent metrics, FCR rates, average hold time.
Key facts about Sharpen
- Founded Year: 2007
- Location: Indianapolis (United States)
- Stage: Acquired
- Total Funding till date: $55M
- Employee Count: 101 as on Sep 30, 2026
- Investors: Western Alliance Bank, IU Ventures and 9 Others
- Latest Funding Round: Series B, May 03, 2021, $*****
- Highlight: Acquired
2. hc1.com
Transforming labs into strategic assets with actionable data and healthcare solutions. The company empowers health systems by leveraging lab data to improve patient care, streamline operations, and enhance financial performance. Through data management, analytics, and workflow automation, they deliver innovation across the continuum of care. Their solutions focus on clinical excellence, lab stewardship, anemia management, patient blood management, operational excellence, supply chain management, strategic advisory services, and outreach optimization. They offer a comprehensive solution for diagnostic labs, turning them into strategic assets. The company provides a suite of services and a technology platform, including Outreach InterConnect™, to optimize lab outreach programs and maximize lab capacity. This is a B2B healthcare information technology company offering SaaS and software solutions.
Key facts about hc1.com
- Founded Year: 2011
- Location: Indianapolis (United States)
- Stage: Series B
- Total Funding till date: $52.1M
- Employee Count: 301 as on Sep 30, 2026
- Investors: Elevate Ventures, Health Cloud Capital and 3 Others
- Latest Funding Round: Series B, Jan 13, 2024, $*****
- Highlight: Editors' Pick
Developer of quality management system software for the medical device industry. The software facilitates product development, quality assurance, and clinical data management. It offers solutions for risk assessment, regulatory submissions, audit readiness, and post-market quality management. The software provides features for design control, risk management, and change management.
Key facts about Greenlight Guru
- Founded Year: 2013
- Location: Indianapolis (United States)
- Stage: Series A
- Total Funding till date: $121M
- Employee Count: 132 as on Sep 30, 2026
- Investors: JMI Management, Elevate Ventures and 1 Other
- Latest Funding Round: Series A, Jun 14, 2021, $*****
- Highlight: Editors' Pick
4. Perq
PERQ provides a measured marketing technology and promotions platform that helps businesses attract consumers through incentives. PERQ offers solutions to generate, track and convert web and in-store traffic into sales. Enables stores to manage promotional giveaways while managing lead capture and legal aspects involved. Also enables advertising using personalized targeting and incentive-based games in the store with customized user profiles. Fatwin technology is integrated into emails which in turn tracks and measure the success of campaigns.
Key facts about Perq
- Founded Year: 2001
- Location: Indianapolis (United States)
- Stage: Public
- Total Funding till date: $14.3M
- Employee Count: 70 as on Sep 30, 2026
- Investors: Allos Ventures, Poplar Ventures and 8 Others
- Latest Funding Round: Series A, May 30, 2019, $*****
- Highlight: Public
5. Authenticx
AI-based disease diagnosis tool for providers. The company has developed software that assists with data analysis and healthcare management. It has features for patient engagement, data management, marketing, and more.
Key facts about Authenticx
- Founded Year: 2018
- Location: Carmel (United States)
- Stage: Series B
- Total Funding till date: $29.8M
- Employee Count: 152 as on Sep 30, 2026
- Investors: Blue Heron Capital, Allos Ventures and 9 Others
- Latest Funding Round: Series B, Jan 03, 2023, $*****
- Highlight: Editors' Pick
Elevate Ventures' Year-on-Year Investment Trends
Elevate Ventures has invested in 254 companies over the last 14 years, with an average of 13 new investments annually in the last 10 years. In 2025, it made 4 investments, while as of May 2026, it has made 2 investments in this year. Its most recent first time investment was in CTC Global Solutions and most recent follow-on round was in Ateios.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 1 | 2 |
2025 | 3 | 1 | 4 |
2024 | 6 | 3 | 9 |
2023 | 8 | 7 | 15 |
2022 | 20 | 7 | 27 |
2021 | 26 | 15 | 41 |
2020 | 27 | 10 | 37 |
2019 | 14 | 3 | 17 |
2018 | 13 | 5 | 18 |
2017 | 12 | 3 | 15 |
Elevate Ventures' Investments by Stage
Elevate Ventures has made 121 investments in Seed stage with an average round size of $1.03M, 27 investments in Series A stage with an average round size of $4.67M and 12 investments in Grant (prize money) stage with an average round size of $201K.Stage of entry | No. of Investments |
|---|---|
Seed | 121 |
Series A | 27 |
Grant (prize money) | 12 |
Series B | 6 |
Series C | 2 |
Others | 3 |
Note: We have considered here, only first round of investments
Elevate Ventures' Investments by Sector
Elevate Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Life Sciences, Vertical SaaS and Consumer. Notably, it has invested in 197 Tech companies, 194 Enterprise (B2B) companies, 130 Software companies and at least 80 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 85 |
High Tech | 25 |
Life Sciences | 24 |
Vertical SaaS | 24 |
Consumer | 18 |
Others | 163 |
Note: We have considered here, only first round of investments
Elevate Ventures' Investments by Geography
Elevate Ventures has made most investments in United States (162), followed by India where it has made 2 investments.Country | No. of Investments |
|---|---|
United States | 162 |
India | 2 |
Canada | 1 |
China | 1 |
France | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
Elevate Ventures' recent investments
Elevate Ventures has made 2 investments in 2026 so far - CTC Global Solutions and Ateios.Here are the most recent investments by Elevate Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 21, 2026 | United States | Seed | 8524 | - | |
Mar 26, 2026 | United States | Series A | 6512 | [+9] | |
Sep 18, 2025 | United States | Seed | 3315 | [+2] | |
Apr 10, 2025 | United States | Series B | 3413 | [+3] | |
Mar 28, 2025 | United States | Seed | 1183 | [+2] |
IPOs and Publicly Listed companies in Elevate Ventures' Portfolio
3 of Elevate Ventures' portfolio companies have become public. PDS Biotechnology got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Oct 2015 at marketcap of $302M.Here are Elevate Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 01, 2015 | - | - | 4332 | |
- | - | - | 8105 | |
- | Oct 12, 2018 | Series A | 4857 |
Acquired companies in Elevate Ventures' Portfolio
51 companies from Elevate Ventures' portfolio have been acquired. The most recent acquisition was MITO Materials in Jun 2026 by First Graphene for $*****.Here are Elevate Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 25, 2026 | Aug 31, 2020 | Seed | 7062 | |
Jan 22, 2026 | Mar 02, 2020 | Seed | 4328 | |
Jan 04, 2026 | 2016 | Seed | 2894 | |
Oct 14, 2025 | May 13, 2021 | Seed | 9902 | |
Sep 10, 2025 | Jan 22, 2018 | Series B | 8359 |
Team profile of Elevate Ventures
Elevate Ventures has a team of 20 members including 7 Partners and 5 Principals located in United States. Elevate Ventures' team does not sit on the board of any company as of now.Here is a list of top team members in Elevate Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Indianapolis | - | ||
Partner | Indianapolis | - | ||
Partner | Indianapolis | - | ||
Partner | Indianapolis | - | ||
Partner | Indianapolis | - | ||
Partner | Indianapolis | - | ||
Partner | Indianapolis | - | ||
Principal | Indianapolis | - | ||
Principal | Indianapolis | - | ||
Principal | Indiana | - | ||
Principal | Bloomington | - |
Co-investors of Elevate Ventures
Over the past 14 years, 428 investors have co-invested in Elevate Ventures's portfolio companies. This includes funds and angels.
- Invested before Elevate Ventures: HHS, Techstars and 81 others have invested in rounds before Elevate Ventures. There are 11 companies where HHS has invested before Elevate Ventures and 5 companies where Techstars has invested before Elevate Ventures.
- Top Co-investors of Elevate Ventures: 163 investors entered a company along with Elevate Ventures. These include investors like High Alpha (9 companies).
- Invested after Elevate Ventures: A total of 182 investors have invested in Elevate Ventures's portfolio after their investments. Top Investors include IU Ventures (10 companies), Allos Ventures (6 companies) and Flywheel Fund (6 companies).
Recent News related to Elevate Ventures
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CTC Global Solutions: Pre-Seed Funding Raised To Expand GovCon Platform BIDBridgeVenPulse 2.0•May 23, 2026•Elevate Ventures
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Elevate Capital Announces $1.6M Invested in Oregon Startups Through State-Backed Venture ProgramGlobal Fintech Series•Jan 12, 2026•PortalSphere, ZIPLYFT, Overwatch Imaging, Elevate Ventures and 2 others
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Healthplus.ai Secures €2.3M to Advance AI for Predicting Post-Surgery InfectionsStartup Rise EU•Nov 27, 2025•ROM InWest, Healthplus Technologies, Elevation Capital, LUMO Labs and 2 others
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Betagro Ventures joins US$18.4M Series B funding round for US-based BiomEdite27•Aug 13, 2025•Betagroventures, AgriZero, BiomEdit, Nutreco and 2 others
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Marketing firm Prolific partners with Elevate Ventures, bringing national news coverage to Rally conferenceIndianapolis Business Journal•Jun 20, 2025•Prolific, Elevate Ventures
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Elevate Brazil Ventures Launches Accelerator Program for Brazilian StartupsEl Referente•May 21, 2025•Elevate Ventures
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Bluwhale raises $100M to build a dedicated ‘intelligence layer’ for decentralized AI agentsSiliconAngle•Jan 28, 2025•Bluwhale, CoinTelegraph, SwissBorg, Awaken Finance and 22 others
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SONEX Closes Seed Round for DeFi Trading in Soneium EcosystemBitcoin Ethereum News•Jan 21, 2025•SONEX, Outliers, Baboon, Taisu and 26 others
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AI-Solutions Provider, Stellar, Raises $2.7M in Oversubscribed Seed RoundBusiness Wire•Jan 07, 2025•Stellar, Ground Game, Elevate Ventures, Ground Game Ventures and 1 other
