About Elevate Ventures
Elevate Ventures is a venture capital firm founded in 2011. It is primarily based out of Indianapolis, United States. As of Mar 2026, Elevate Ventures has invested in 254 companies. 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 $***** Series A round of Ateios Overall, Elevate Ventures portfolio has seen 4 IPOs and 50 acquisitions including key companies like Sharpen, Springbuk and Perq. A lot of funds co-invest with Elevate Ventures, with names like VisionTech Partners sharing a substantial percentage of its portfolio. Elevate Ventures has team of 38 people including 8 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 Invoke Learning and Gen3Bio.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: 98 as on Apr 30, 2026
- Investors: Western Alliance Bank, IU Ventures and 9 Others
- Latest Funding Round: Series B, May 03, 2021, $*****
- Highlight: Acquired
2. Springbuk
Providing analytics for a better ROI in population health. The company will collect population data from employers including claims, payroll, biometric and medical data and helps identify gaps in care and in predicting healthcare spending.
Key facts about Springbuk
- Founded Year: 2014
- Location: Indianapolis (United States)
- Stage: Acquired
- Total Funding till date: $41.3M
- Employee Count: 69 as on Apr 30, 2026
- Investors: Echo Health Ventures, Health Quest Capital and 7 Others
- Latest Funding Round: Series B, Nov 09, 2020, $*****
- Highlight: Acquired
3. 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: 145 as on Apr 30, 2026
- Investors: Blue Heron Capital, Allos Ventures and 9 Others
- Latest Funding Round: Series B, Jan 03, 2023, $*****
- 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: 140 as on Apr 30, 2026
- Investors: JMI Management and Elevate Ventures
- Latest Funding Round: Series A, Jun 14, 2021, $*****
- Highlight: Editors' Pick
5. Nodepay
Platform for AI training and development. It enables users to monetize their unused internet bandwidth by contributing it to a decentralized AI training and development ecosystem. The platform provides real-time data intelligence and rewards users for their contributions through a token-based system.
Key facts about Nodepay
- Founded Year: 2024
- Location: Hong Kong (China)
- Stage: Seed
- Total Funding till date: $7M
- Employee Count: 16 as on Apr 30, 2026
- Investors: Elevate Ventures, IBC Group and 7 Others
- Latest Funding Round: Seed, Dec 26, 2024, $*****
- 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 14 new investments annually in the last 10 years. In 2025, it made 4 investments, while as of Mar 2026, it has made 1 investment in this year. Its most recent first time investment was in BiomEdit and most recent follow-on round was in Ateios.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 1 | 1 |
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 120 investments in Seed stage with an average round size of $1.03M, 28 investments in Series A stage with an average round size of $4.54M and 12 investments in Grant (prize money) stage with an average round size of $201K.Stage of entry | No. of Investments |
|---|---|
Seed | 120 |
Series A | 28 |
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, Vertical SaaS, High Tech, Life Sciences and Consumer. Notably, it has invested in 195 Tech companies, 194 Enterprise (B2B) companies, 131 Software companies and at least 81 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 86 |
Vertical SaaS | 26 |
High Tech | 25 |
Life Sciences | 23 |
Consumer | 20 |
Others | 166 |
Note: We have considered here, only first round of investments
Elevate Ventures' Investments by Geography
Elevate Ventures has made most investments in United States (164), followed by India where it has made 2 investments.Country | No. of Investments |
|---|---|
United States | 164 |
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 1 investments in 2026 so far - Ateios.Here are the most recent investments by Elevate Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 26, 2026 | United States | Series A | 5953 | [+9] | |
Sep 18, 2025 | United States | Seed | 6840 | [+2] | |
Apr 10, 2025 | United States | Series B | 3956 | [+3] | |
Mar 28, 2025 | United States | Seed | 5782 | [+2] | |
Jan 07, 2025 | United States | Unattributed | 1302 |
IPOs and Publicly Listed companies in Elevate Ventures' Portfolio
4 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 | - | - | 6975 | |
- | - | - | 7234 | |
- | - | - | 3416 | |
- | Oct 12, 2018 | Series A | 1243 |
Acquired companies in Elevate Ventures' Portfolio
50 companies from Elevate Ventures' portfolio have been acquired. The most recent acquisition was Woven Teams in Jan 2026 by Andela for $*****.Here are Elevate Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 22, 2026 | Mar 02, 2020 | Seed | 3917 | |
Jan 04, 2026 | 2016 | Seed | 7052 | |
Oct 14, 2025 | May 13, 2021 | Seed | 9824 | |
Sep 10, 2025 | Jan 22, 2018 | Series B | 7831 | |
Jul 31, 2025 | Dec 10, 2020 | Series F | 4014 |
Team profile of Elevate Ventures
Elevate Ventures has a team of 38 members including 8 Partners and 10 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 | - | - | |
Partner | Indianapolis | - | ||
Principal | Indianapolis | - | ||
Principal | Fort Wayne | - | ||
Principal | Indianapolis | - |
Co-investors of Elevate Ventures
Over the past 14 years, 424 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: 162 investors entered a company along with Elevate Ventures. These include investors like VisionTech Partners (9 companies).
- Invested after Elevate Ventures: A total of 179 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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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
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Nodepay Raises $7M Total Funding To Power AI Growth with Real-Time Data InfrastructureLokmat•Dec 27, 2024•Nodepay, IDG Capital, Elevate Ventures, Mythos Ventures and 10 others
