About Elevation Capital
Elevation Capital is a venture capital firm founded in 2008. It is primarily based out of Vancouver, Canada. As of Sep 2024, Elevation Capital has invested in 17 companies. It primarily invests in Series A round in India based startups. Its investments are spread across a wide range of sectors from HealthTech to Life Sciences and Consumer. Most recently it participated in the $***** Series B round of Vridhi Finserv Home Finance Overall, Elevation Capital portfolio has seen 1 unicorn, 2 IPOs and 1 acquisition including key companies like Calm, Aprea and Boxabl. A lot of funds co-invest with Elevation Capital, with names like Elevation Capital sharing a substantial percentage of its portfolio. Elevation Capital has team of 19 people including 6 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A & Seed
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Elevation Capital's List of Top Investments
Elevation Capital has a portfolio of 17 companies, one of which is a Unicorn. Their most notable investments are in Scapia and Vridhi Finserv Home Finance.Their portfolio spans across United States, India, Canada and 2 more locations. They have invested in HealthTech, Life Sciences, Consumer and 8 other sectors, across stages such as Series A, Seed stages. Here is the list of top investments by Elevation Capital:
1. Scapia
Provider of credit cards and a platform for travel bookings. The platform facilitates rewards on card spends across various merchants. It also allows users to book stays, flights, buses, and trains. The credit cards offer benefits such as lounge access and zero forex markup.
Key facts about Scapia
- Founded Year: 2022
- Location: Bengaluru (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $135M
- Employee Count: 145 as on Aug 31, 2025
- Investors: Elevation Capital, Peak XV Partners and 17 Others
- Latest Funding Round: Series C, May 20, 2026, $*****
- Highlight: Editors' Pick
2. Seekho
Provider of short educational videos covering technology business and finance. The platform hosts content across multiple categories including career development, personal growth, and wellness. Users access instructional material created by mentors to acquire practical skills. The service offers subscription options for ad-free viewing and unlimited access to the video library.
Key facts about Seekho
- Founded Year: 2020
- Location: Bengaluru (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $46.2M
- Employee Count: 116 as on May 31, 2026
- Investors: Elevation Capital, Lightspeed and 39 Others
- Latest Funding Round: Series B, Aug 29, 2025, $*****
- Highlight: Editors' Pick
3. Calm
Digital wellness platform. It offers meditation and sleep-related content and resources to users, aiming to promote relaxation and stress relief. The platform features guided meditations, sleep stories, and relaxing music to help users manage stress and anxiety. Content includes guided meditations, sleep stories, and breathing exercises.
Key facts about Calm
- Founded Year: 2012
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $225M
- Employee Count: 735 as on Aug 31, 2026
- Investors: Goldman Sachs, 2B Global and 64 Others
- Latest Funding Round: Grant (prize money), Mar 01, 2021, $*****
- Highlight: Editors' Pick
4. Aprea
Developer of small molecule therapeutics targeting tumor suppressor proteins. The company focuses on p53, a tumor suppressor protein that induces cell cycle arrest or cell death. The company's lead candidate is APR-246, that acts by reactivating mutant and defective native p53, leading to tumor cell death. The company is also developing APR-017, which induces p53-mediated apoptosis by restoring p53 activity in cancer cell lines with mutant p53.
Key facts about Aprea
- Founded Year: 2003
- Location: Boston (United States)
- Stage: Public
- Total Funding till date: $113M
- Investors: ADS Ventures, Janus Henderson Investors and 15 Others
- Latest Funding Round: Post IPO, Dec 09, 2025, $*****
- Highlight: Public
Key facts about Vridhi Finserv Home Finance
Elevation Capital's Year-on-Year Investment Trends
Elevation Capital has invested in 17 companies over the last 3 years, with an average of 1 new investment annually in the last 3 years. Its most recent first time investment was in Belong and most recent follow-on round was in Vridhi Finserv Home Finance.Elevation Capital's Investments by Stage
Elevation Capital has made 2 investments in Series A stage with an average round size of $20.9M and 1 investment in Seed stage with an average round size of $4.97M.Stage of entry | No. of Investments |
|---|---|
Series A | 2 |
Seed | 1 |
Note: We have considered here, only first round of investments
Elevation Capital's Investments by Sector
Elevation Capital has a diverse portfolio, with companies operating in the FinTech and Financial Services. Notably, it has invested in 14 Tech companies, 10 Consumer (B2C) companies, 7 Enterprise (B2B) companies and at least 4 companies focusing on Software.Sector | No. of Investments |
|---|---|
FinTech | 2 |
Financial Services | 1 |
Note: We have considered here, only first round of investments
Elevation Capital's Investments by Geography
Elevation Capital has made most investments in India (3).Elevation Capital's recent investments
Elevation Capital has not made any investment in 2026 so far.Here are the most recent investments by Elevation Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 28, 2024 | India | Series B | 1515 | [+1] | |
May 01, 2024 | India | Seed | 2995 | [+6] | |
Nov 18, 2023 | India | Series A | 7720 | ||
Oct 12, 2023 | India | Series A | 5113 | [+1] |
Unicorns in Elevation Capital's Portfolio
Elevation Capital has 1 unicorn in its portfolio - Calm. The most recent unicorn in their portfolio is Calm which became a unicorn in 2020, 5 years before Elevation Capital first invested in it.Here is a list of unicorns in Elevation Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
79 | Digital wellness platform | 2012 | San Francisco | Series C | {tcjhey |
IPOs and Publicly Listed companies in Elevation Capital's Portfolio
2 of Elevation Capital's portfolio companies have become public. Boxabl got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Jul 2026 and Aprea got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $298M.Here are Elevation Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 20, 2026 | - | - | 3337 | |
Oct 03, 2019 | - | - | 4571 |
Acquired companies in Elevation Capital's Portfolio
1 company from Elevation Capital's portfolio has been acquired. The most recent acquisition was WellSet in Feb 2026 by Ness for $*****.Here are Elevation Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 28, 2026 | - | - | 2479 |
Team profile of Elevation Capital
Elevation Capital has a team of 19 members including 6 Partners and 4 Principals located in United States and Canada. Elevation Capital's team does not sit on the board of any company as of now.Here is a list of top team members in Elevation Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Vancouver | - | ||
Partner | United States | - | ||
Partner | Mississauga | - | - | |
Partner | Toronto | - | ||
Partner | New York | - | - | |
Partner | Atlantic Beach | - | ||
Principal | Toronto | - | ||
Principal | Baltimore | - | ||
Principal | San Antonio | - | ||
Principal | Pointe Claire | - |
Co-investors of Elevation Capital
Over the past 3 years, 29 investors have co-invested in Elevation Capital's portfolio companies. This includes funds and angels.
- Invested before Elevation Capital: Tanglin Venture Partners, Z47 and 12 others have invested in rounds before Elevation Capital. There is 1 company where Tanglin Venture Partners has invested before Elevation Capital and 1 company where Z47 has invested before Elevation Capital.
- Top Co-investors of Elevation Capital: 9 investors entered a company along with Elevation Capital. These include investors like Elevation Capital (1 company).
- Invested after Elevation Capital: A total of 6 investors have invested in Elevation Capital's portfolio after their investments. Top Investors include Elevation Capital (2 companies), Peak XV Partners (1 company) and 3STATE Ventures (1 company).
Recent News related to Elevation Capital
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Former Swiggy CTO Dale Vaz gets funding for new venture Aaritya TechBusiness Standard•Sep 08, 2023•Swiggy, Accel, Elevation Capital, Aaritya Technologies and 1 other
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D2C brand BlissClub raises $15 million in Series A led by Eight Roads Ventures, Elevation CapitalMoneycontrol•May 18, 2022•BlissClub, Eight Roads Ventures, Elevation Capital, Elevation Capital and 6 others
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India Bags $638 Million In Cryptocurrency, Blockchain Funding In 2021News Concerns•Jan 01, 2022•CoinSwitch Kuber, Andreessen Horowitz, Elevation Capital, Kalaari Capital
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Mosaic Wellness Raises $24 Million In Series A FundingEntrepreneur•Nov 10, 2021•Mosaic Wellness, Sequoia Capital, Elevation Capital, Z47 and 4 others
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FamPay raises USD 38 million in funding from Elevation Capital, othersNew Indian Express•Jun 16, 2021•FamPay, Elevation Capital, Sequoia Capital, Venture Highway and 8 others
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Women’s activewear brand BlissClub raises $2.25M led by Elevation CapitalYourStory•May 20, 2021•BlissClub, Elevation Capital, Good Capital
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Game live streaming platform Turnip raises $1.63 mn led by Elevation CapitalTheNewsMinute•Jan 21, 2021•Turnip, Elevation Capital, Better Capital, Elevation Capital
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Country Delight secures $25 mn from Elevation Capital, othersTechCircle•Nov 23, 2020•Country Delight, Elevation Capital, Orios Venture Partners, Z47 and 6 others
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FrontRow raises $3.2 million from Deepika Padukone, Lightspeed Venture Partners and Elevation CapitalMoneycontrol•Nov 11, 2020•Lightspeed Venture Partners, Elevation Capital, FrontRow, FrontRow and 5 others
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Indian social commerce firm Citymall banks $3m in Elevation Capital-led roundTech in Asia•Nov 10, 2020•CityMall, Elevation Capital, WaterBridge, LetsVenture and 2 others
