Elevate Innovation Partners

Elevate Innovation Partners, established in 2014, is a New York-based venture capital firm focusing on early-stage investments in emerging and fintech companies. It primarily invests in B2C subscription and B2B enterprise companies, with a keen interest in sustainable energy, advertising monetization, big data analytics, cloud and enterprise software, financial technology, and mobile and digital payment sectors. The firm operates globally, with a presence in the United States, India, Germany, and the Netherlands. Elevate Innovation Partners typically invests between $0.1 million and $0.4 million in its companies, aiming to exit through sales or IPOs. The firm is known for its active role in supporting its portfolio companies, providing access to industry expertise and global networks.

Rishi Bhatnagar

Venture Partner

24 past transactions

ToneTag

Series B in 2025
ToneTag is a digital payments startup that focuses on developing a mobile payment platform to provide cashless and contactless payment solutions across various devices. The platform utilizes data-over-sound technology to facilitate contactless money withdrawals from ATMs, enable cashless payments at toll plazas and parking areas, and support mobile payments at railway ticket counters. Additionally, ToneTag offers an inventory management system for merchants, enhancing operational efficiency. The company collaborates with the National Payments Corporation of India to support UPI123 Pay, a feature phone-based payment system, ensuring that users can access secure proximity payments even without data connectivity.

Valilly

Venture Round in 2021
Valilly is a developer of a talent acquisition platform aimed at transforming the human resources technology landscape. The company has created the Valilly Talent Intelligence platform, which integrates talent management solutions with artificial intelligence and machine learning. This innovative system allows human resource professionals and hiring managers to efficiently identify and select qualified candidates tailored to their specific needs. By automating the search and sorting processes, Valilly significantly reduces the time and costs associated with traditional recruitment methods. The platform not only streamlines the hiring process but also enhances the overall effectiveness of talent sourcing, helping organizations better manage their human resource expenditures. With a commitment to overcoming current challenges in talent management, Valilly aspires to become a leading force in the HR Tech industry, continually pushing the boundaries of innovation to provide its clients with superior hiring solutions.

Pyxis AI

Venture Round in 2021
Pyxis.ai provides artificial intelligence, sentiment analysis, video intelligence, insight analytics, marketing research, enterprise insight platform, martech, and insight technology services. They also provide domain-specific and proprietary models.

Radius8

Venture Round in 2020
Radius8 is a Location Engagement Platform that specializes in creating hyperlocal shopping experiences for businesses. Its software-as-a-service solution allows companies to dynamically display relevant content and updates on their websites based on consumers' geographic locations, proximity to physical stores, and other defined regions of interest. By leveraging local data, Radius8 helps retailers identify potential customers based on past sales trends and effectively communicate information about promotions and upcoming events. This targeted approach enables clients to enhance customer engagement and drive conversions by responding to local market dynamics. The platform can typically be implemented within 30 days, allowing businesses to quickly adapt to changing consumer behaviors and preferences.

U GRO Capital

Venture Round in 2019
U GRO Capital is a fintech platform that specializes in providing both secured and unsecured loans to small and medium enterprises (SMEs) across eight key sectors, including Healthcare, Education, Chemicals, Food Processing/FMCG, Hospitality, Electrical Equipment and Components, Auto Components, and Light Engineering. The company aims to meet the capital needs of these businesses by offering tailored financing solutions that leverage sector-specific knowledge. U GRO Capital is committed to building a comprehensive SME financing platform, supported by a fully integrated technology and analytics infrastructure to enhance its lending processes and customer service.

GVNG

Venture Round in 2019
GVNG is a technology company focused on simplifying charitable giving and enhancing the impact of philanthropy for individuals and corporations. Its platform acts as a charitable wallet, allowing users to organize and manage donations efficiently while combining features of donor-advised funds and crowdfunding tools. By addressing the challenges and barriers that complicate charitable acts, GVNG offers a user-friendly application that reduces the costs, labor, and time associated with running nonprofit projects. The company's mission is to create communities centered around shared purposes, connecting people with brands and influencers to collaboratively tackle significant world problems.

Saykara

Seed Round in 2018
Saykara, Inc. is a healthcare technology company based in Seattle, Washington, founded in 2015. It addresses physician burnout and enhances productivity through its innovative ambient and autonomous AI assistant, known as Kara. This voice-enabled mobile application significantly reduces the time physicians spend on charting by 70% and completely eliminates after-hours charting, while also improving the quality and completeness of clinical notes by 25%. By minimizing reliance on keyboards and computer screens, Kara allows physicians to focus more on patient interactions, resulting in more personalized and less rushed visits. The technology is specialty agnostic, scalable for enterprise use, and offered through a software-as-a-service subscription model. Saykara's solutions leverage advanced voice recognition and machine learning to streamline clinical workflows, ultimately improving patient care and the overall quality of life for healthcare providers.

Joinery

Seed Round in 2018
Joinery is a company that operates an online apartment renting platform designed to streamline the leasing process by facilitating direct connections between renters. The platform allows prospective tenants to engage with departing tenants, bypassing traditional real estate brokers. By enabling this peer-to-peer rental interaction, Joinery aims to make the leasing experience more enjoyable, affordable, and equitable for all parties involved. The company's innovative approach seeks to enhance the rental market by providing a more direct and personal way for individuals to find their next home.

ToneTag

Corporate Round in 2018
ToneTag is a digital payments startup that focuses on developing a mobile payment platform to provide cashless and contactless payment solutions across various devices. The platform utilizes data-over-sound technology to facilitate contactless money withdrawals from ATMs, enable cashless payments at toll plazas and parking areas, and support mobile payments at railway ticket counters. Additionally, ToneTag offers an inventory management system for merchants, enhancing operational efficiency. The company collaborates with the National Payments Corporation of India to support UPI123 Pay, a feature phone-based payment system, ensuring that users can access secure proximity payments even without data connectivity.

SquareFoot

Series A in 2018
SquareFoot is a commercial real estate listing platform designed to assist companies in finding suitable office spaces. It focuses on providing a seamless and user-friendly experience throughout the leasing process, from initial search to lease negotiation and contract signing. By combining proprietary technology with a knowledgeable brokerage team, SquareFoot modernizes the traditionally cumbersome leasing process. The company emphasizes flexibility in lease options and prioritizes transparency, catering specifically to the needs of growing businesses that seek the right office environment. Its responsive team works diligently to connect prospective tenants with landlords and other service providers, ensuring that clients can easily navigate the real estate market.

ToneTag

Venture Round in 2018
ToneTag is a digital payments startup that focuses on developing a mobile payment platform to provide cashless and contactless payment solutions across various devices. The platform utilizes data-over-sound technology to facilitate contactless money withdrawals from ATMs, enable cashless payments at toll plazas and parking areas, and support mobile payments at railway ticket counters. Additionally, ToneTag offers an inventory management system for merchants, enhancing operational efficiency. The company collaborates with the National Payments Corporation of India to support UPI123 Pay, a feature phone-based payment system, ensuring that users can access secure proximity payments even without data connectivity.

Faircent

Series B in 2017
Faircent is a peer-to-peer lending platform that connects borrowers directly with lenders, bypassing traditional financial intermediaries such as banks. By facilitating direct interactions between individuals, the company allows borrowers to negotiate loan terms, including interest rates and repayment periods, without the overhead costs associated with banks. This model enables borrowers to secure loans at lower rates compared to conventional banking options, while offering lenders the opportunity to earn higher returns on their investments than they would typically receive from standard savings accounts. Faircent's approach aims to eliminate the high margins charged by intermediaries, creating a more efficient and cost-effective lending environment.

ScoreData

Seed Round in 2017
ScoreData Corporation is a global data analytics company based in Palo Alto, California, with an additional office in Pune, India. Founded in 2012, the company specializes in providing predictive analytics solutions that enhance customer engagement for various industries, including banking, financial services, insurance, telecommunications, and retail. Its flagship product, ScoreFast, is a self-learning predictive analytics platform that enables businesses to develop robust applications for churn management, customer retention, credit risk management, fraud detection, and more. The platform facilitates collaboration between business managers and data scientists, allowing for the rapid deployment of predictive applications across multiple channels, such as in-store, mobile, and cloud-contact centers. By utilizing machine learning and open-source technologies, ScoreData's solutions not only improve the quality of customer interactions but also minimize the cost of ownership for predictive applications.

Cuebiq

Series A in 2017
Cuebiq Inc. is a New York-based company that specializes in location and data intelligence through its platform, AudienceQ. Founded in 2011, Cuebiq provides advertisers with tools for offline location analytics and geo-behavioral audience insights, allowing for effective cross-platform advertisement targeting and footfall attribution analysis. The company's offerings include audience targeting, performance analytics, and location insights, which help businesses understand consumer behavior and trends. Additionally, Cuebiq's services extend to retail, providing footfall analysis, site selection, and insights into audience and geo-behavioral patterns, as well as data monetization capabilities for publishers. By analyzing anonymous location data, Cuebiq enables clients to gain actionable insights into real-world consumer journeys.

Annum

Seed Round in 2016
Annum Health, Inc., established in 2016 and headquartered in New York, specializes in modern, tech-enabled rehabilitation services for individuals struggling with heavy drinking. The company, co-founded by experts in healthcare, technology, and alcohol treatment, provides a comprehensive, year-long program at a significantly lower cost than traditional inpatient rehab. This program combines therapy, coaching, medication, and online support to help individuals achieve their personal goals and overcome alcohol-related issues, while minimizing disruption to their personal and professional lives and reducing the stigma associated with treatment.

Payzer

Series B in 2016
Payzer is a developer of mobile and internet payment applications designed to facilitate payments and enable credit for users with instant approvals. The company offers a cloud-based platform that allows customers to accept payments through credit cards, debit cards, and electronic checks, whether in the field or at their home office. This system provides real-time tracking capabilities across organizations, helping contractors to operate more efficiently and effectively manage their businesses through streamlined payment processes.

Ocrolus

Convertible Note in 2016
Ocrolus Inc. is a document automation platform that specializes in automating manual data work for the financial sector. Founded in 2014 and based in New York, the company offers an intelligent automation platform that analyzes financial documents to streamline processes such as loan underwriting, account openings, and auditing. By leveraging artificial intelligence and crowdsourcing, Ocrolus enables clients to capture data from various sources, including e-statements and scanned documents, while also conducting algorithmic checks alongside reviews by fraud specialists. This approach enhances data verification, improves fraud detection, and allows for in-depth cash flow analysis. Serving prominent customers in the fintech, mortgage, and banking industries, Ocrolus empowers financial services firms to make high-quality decisions efficiently and with trusted data.

Degreed

Series B in 2016
Degreed, Inc. is a lifelong learning platform that enables individuals and organizations to track, discover, and recognize learning and skill development. Founded in 2012 and headquartered in Pleasanton, California, with additional offices in Salt Lake City, New York, and Leiden, the Netherlands, Degreed provides tools for companies to build skills within their teams. The platform allows employees to create skill profiles and connect to a wide range of learning resources, including courses, videos, articles, books, podcasts, and expert insights. Additionally, Degreed offers solutions like Degreed Career Mobility, which helps HR leaders and managers adapt to changing market demands by matching employees with in-demand skills to relevant projects, assignments, and job opportunities. This comprehensive approach promotes career mobility and facilitates continuous learning within organizations.

Avlino

Venture Round in 2016
Avlino, Inc. is a technology company specializing in big data analytics solutions, founded in 2013 and headquartered in Holmdel, New Jersey. The company offers two primary products: Alenza, an Analytics as a Service platform that delivers marketing insights, and Acelero, a software designed to optimize big data processing times. Avlino's solutions empower users to analyze and interpret data without the need for coding skills, making data analytics accessible to individuals without prior business intelligence experience. The company also provides consulting services encompassing training, proof-of-concept development, solution architecture, deployment, and production support. Avlino serves a diverse range of industries, including food and beverage, healthcare, retail, media and entertainment, energy, financial services, transportation, and construction, helping clients unlock valuable insights from their data.

DropThought

Convertible Note in 2015
DropThought, Inc. is a software company based in Santa Clara, California, founded in 2011, specializing in feedback management and analysis. The company provides an Instant Feedback Platform that enables businesses, brands, and marketers to engage with customers and employees in real-time, facilitating the collection, response, and analysis of feedback. This platform can gather feedback through a mobile application, embedded API integrations, and on-site tablet devices. DropThought's offerings include a mobile app, an Analytics Dashboard, and DT Manager, which provide immediate notifications and insights for managers, enhancing customer experiences and satisfaction metrics. Additionally, the company offers text analytics solutions to track customer experience trends over time and opportunities for improvement. DropThought also allows businesses to promote positive feedback on social media, further integrating customer engagement with marketing efforts.

Planted

Debt Financing in 2014
Planted Inc., based in New York, is a recruitment platform dedicated to connecting recent graduates with non-technical roles at high-growth companies. The company operates as a talent community, focusing on positions such as customer service, sales, operations, admin/office management, business development, marketing, recruiting, analytics, and other non-technical functions. Planted aims to provide meaningful job opportunities for young professionals while helping top companies build their teams with the best fits. The platform is designed to support long-term career growth by offering curated opportunities that positively impact graduates' lives over extended periods.

MoviePass

Series A in 2014
MoviePass Inc. is a subscription-based service that allows customers in the United States to attend movies in theaters for a fixed monthly fee. Founded in 2011 and headquartered in New York, the company enables users to check into their chosen theaters using a mobile application, which also facilitates sharing their movie experiences on social networks. Customers can rate their movies and theater visits after watching. MoviePass was designed to provide access to numerous theatrical releases without blackout dates, catering to avid moviegoers. However, the company filed for voluntary liquidation under Chapter 7 in January 2020, marking the end of its operations as it entered joint administration with its parent company.

LiftMetrix

Seed Round in 2014
LiftMetrix, Inc. is a specialized company based in New York that focuses on enhancing social media marketing through its advanced analytics platform. The company transforms raw social media data into actionable business intelligence, enabling clients to measure the return on their investments in social marketing. LiftMetrix provides tailored social media marketing plans aligned with specific business objectives, moving beyond basic analytics to deliver deeper insights and recommendations. By optimizing social marketing efforts, LiftMetrix empowers businesses to maximize the effectiveness of their campaigns and ensure that their social media spending translates into tangible business outcomes.
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