Elevate Capital

Elevate Capital is a venture capital firm founded in 2016, headquartered in Hillsboro, Oregon, with an additional office in Portland. Specializing in startups and early-stage investments, Elevate focuses on technology, tech-enabled businesses, athletic apparel, outdoor, and food and beverage industries. The firm prefers to invest in the Portland Oregon Metro region, the Pacific Northwest, and the Willamette Valley, with a global investment scope. Elevate targets investments ranging from $0.03 million to $0.5 million, making minority investments in its portfolio companies. Elevate Capital prioritizes under-represented founders, maintaining a 50/50 male/female founder split in its portfolio and ensuring that at least one co-founder in all investments comes from a minority group.

Nitin Rai

Managing Partner

59 past transactions

Bullfinch

Venture Round in 2020
Bullfinch provides clean energy project financing with a focus on local energy systems that achieve ESG goals for real estate owners and tenants. Their clean-energy-as-a-service technology platform enables the pooling, financing, standardization, and management of sustainable building and plant infrastructure to make this vision a reality. Their solutions span across four verticals include energy generation, clean mobility, energy storage, and smart building.

VitalFlo

Seed Round in 2021
VitalFlo is a digital health company focused on helping doctors keep their asthmatic patients out of the ER. We do this by remotely monitoring patient lung function and the air quality around them for potential asthma attack triggers, and leveraging this dataset to develop predictive health analytics and forecasts. VitalFlo is redefining the standard of care for asthma management by providing actionable recommendations to patients when they need it most: before they have an asthma attack.

Loopie

Angel Round in 2021
Loopie is an innovative solution to one of the worlds most neglected day-to-day problems: dirty laundry. We connect people who need their laundry done with those who are looking to earn additional income from the comfort of home. Easily order your laundry to be picked up and delivered in 24 hours through our mobile app.

Minnow

Private Placement in 2020
Founded in 2017, Minnow is transforming how people get their food with its contact-free Pickup Pods, which keep food secure and people safe. A Minnow Pickup Pod can be used anywhere food is delivered or picked up. The result of a human-centered design journey that involved multiple generations of prototypes and thousands of hours of field testing, the Minnow food pickup platform is a versatile solution that can be used out of the box or integrated with existing POS, online ordering, and delivery platforms. To learn more, visit us at minnowpod.com

Handful

Seed Round in 2017
Handful, Inc. manufactures and distributes sports wear for women. The company offers tops, sports bras, capris, leggings, as well as accessories, including hats, pad sets, and tank tops. The company was founded in 2006 and is based in Tigard, Oregon.

SkySquad

Seed Round in 2022
SkySquad provides families, seniors, and non-English Speakers with an extra set of hands to help with their travel experience. The company was founded in 2019 and is headquartered in Bethesda, Maryland, United States.

Rewire AI

Seed Round in 2021
Rewire Neuro offers core computer vision and machine learning services for biomedical image analysis in clinical, veterinary, and research applications. Their cloud-based artificial intelligence inference engine is "Sightologist.ai" powers their consumer-facing image analysis platform called "Pipsqueak AI" and partnering technologies.

Hubb

Series B in 2018
Hubb, LLC provides an integrated app platform that automates the complex workflows and tasks required to collect, manage, and market content for conferences or meetings for clients. It also offers Exhibitor, which allows sponsors to self-manage everything from company profile to requesting their booth location; Attendee, which provides attendees the ability to plan their schedules and receive instant updates and evaluations on any device; and Website marketing tools. The company was founded in 2012 and is based in Vancouver, Washington.

Revry, Inc.

Seed Round in 2021
Revry, Inc. opiates a digital media network and streams a selection of content digital entertainment, which is created by and for queer and allied audiences. The company's platform streams films, television series, podcasts, music albums and videos, and original produced movies and shows. It streams its content on Web and mobile platforms. The company was founded in 2016 and is based in Glendale, California.

Hue Noir

Seed Round in 2017
Hue Noir, LLC produces cosmetics to enhance the beauty of darker skinned women. It offers luxury makeup solutions for women with nuanced skin tones ranging from fair to deep. The company sells its products online. Hue Noir, LLC was founded in 2009 and is based in Beaverton, Oregon.

Goumikids

Seed Round in 2016
Goumimitts are smart, stay-on mitts made of soft, baby-friendly organic cotton, designed to keep babies from scratching. From goumimitts came goumikids, an expanded product line of beautiful baby essentials that work. Goumikids was created by long-time friends, Lili Yeo and Linsey Ebuen, mamas on a mission to improve the lives of those around them, locally and globally.

Minnow

Pre Seed Round in 2018
Founded in 2017, Minnow is transforming how people get their food with its contact-free Pickup Pods, which keep food secure and people safe. A Minnow Pickup Pod can be used anywhere food is delivered or picked up. The result of a human-centered design journey that involved multiple generations of prototypes and thousands of hours of field testing, the Minnow food pickup platform is a versatile solution that can be used out of the box or integrated with existing POS, online ordering, and delivery platforms. To learn more, visit us at minnowpod.com

Heritage Laboratories

Seed Round in 2017
Heritage Laboratories a line of ingestible skincare, that seeks to give users brighter, firmer and more radiant skin.

IT Aire

Seed Round in 2016
IT Aire story begins in 2010 when their four founders, all data-center cooling solution engineers came together to created a product that would revolutionize the way data centers were climate controlled. By cleverly leveraging indirect evaporative cooling technology alongside an intelligent control system, with mechanical redundancy built in, a product was created that is incredibly energy efficient, reliable and affordable. After being patented (U.S. Patent No. 9,204,578) this device became the first Genesis DCS system ever sold. IT Aire's story evolves each day, as they continue their mission.

Cascade Prodrug

Series B in 2016
Cascade Prodrug, Inc., an early stage pharmaceutical company, engages in the development of hypoxia-activated switch technology based therapeutics for patients with solid tumor indications. It offers CPD100, a proprietary N-oxide prodrug of vinblastine, a cytotoxic vinca-alkaloid that is used clinically to treat several hematologic malignancies. The company’s CPD100 triggers drug conversion in the tumor where it’s needed, limiting the exposure of healthy tissue to a potent cytotoxic agent. The company was founded in 2009 and is based in Eugene, Oregon.

Minnow

Private Placement in 2018
Founded in 2017, Minnow is transforming how people get their food with its contact-free Pickup Pods, which keep food secure and people safe. A Minnow Pickup Pod can be used anywhere food is delivered or picked up. The result of a human-centered design journey that involved multiple generations of prototypes and thousands of hours of field testing, the Minnow food pickup platform is a versatile solution that can be used out of the box or integrated with existing POS, online ordering, and delivery platforms. To learn more, visit us at minnowpod.com

Hubb

Private Placement in 2018
Hubb, LLC provides an integrated app platform that automates the complex workflows and tasks required to collect, manage, and market content for conferences or meetings for clients. It also offers Exhibitor, which allows sponsors to self-manage everything from company profile to requesting their booth location; Attendee, which provides attendees the ability to plan their schedules and receive instant updates and evaluations on any device; and Website marketing tools. The company was founded in 2012 and is based in Vancouver, Washington.

SCOUT Military Discounts LLC

Private Placement in 2016
SCOUT Military Discounts LLC provides a military discount application that features deep discounts and rewards to service men and women in the United States. The company was founded in 2014 and is based in Portland, Oregon.

REZI

Seed Round in 2017
REZI a rental company that uses our proprietary analytics, technology and financial products to improve the rental experience for landlords and tenants alike.

Blendoor

Seed Round in 2016
Blendoor is a computer networking company that specializes in recruiting, SaaS, Mobile, and People Analytics. It features a mobile-based application platform that specializes in people analytics that migrates candidates sourced from partners and universities and presented to recruiters without a name, photo or dates. The company was founded in 2014 and headquartered in San Francisco, California.

AIM Biotech

Private Placement in 2020
AIM BIOTECH PTE. LTD. develops tools for research, drug development, and clinical diagnostics. The company offers a modular platform for incorporating 3D cell culture into the research. Its products include microfluidic chips for 3D cell culture, microtiter plate holders and modular luer connectors. The company offers its products through distributors in Singapore, the United States, Japan, China, and internationally. AIM BIOTECH PTE. LTD. was founded in 2012 and is based in Singapore.

C. Deloney Collection

Debt Financing in 2018
C. Deloney Collection

Time Study

Seed Round in 2019
Time Study offers a time intelligence platform that uses machine intelligence to activate and transform enterprise time data into real-time insights on how time is spent and its impact on workforce effectiveness, operational efficiency and compliance. The team is led by 3x entrepreneur and computer scientist Kishau Rogers; she is joined by an experienced team bringing many years of collective experience growing & building enterprise software solutions. Time Study is currently in use in over 30 leading U.S. health organizations.

Bullfinch

Angel Round in 2020
Bullfinch provides clean energy project financing with a focus on local energy systems that achieve ESG goals for real estate owners and tenants. Their clean-energy-as-a-service technology platform enables the pooling, financing, standardization, and management of sustainable building and plant infrastructure to make this vision a reality. Their solutions span across four verticals include energy generation, clean mobility, energy storage, and smart building.

Phosio Corporation

Pre Seed Round in 2023
Phosio serves the tech hardware industry with nano-imprintable high index optical materials for use in components such as Augmented Reality, OLED, micro-LED and more. Materials are only as good as they are manufacturable. We make transparent high refractive index, 1.6 < n < 2.4, solutions viable for mass production.

Time Study

Venture Round in 2022
Time Study offers a time intelligence platform that uses machine intelligence to activate and transform enterprise time data into real-time insights on how time is spent and its impact on workforce effectiveness, operational efficiency and compliance. The team is led by 3x entrepreneur and computer scientist Kishau Rogers; she is joined by an experienced team bringing many years of collective experience growing & building enterprise software solutions. Time Study is currently in use in over 30 leading U.S. health organizations.

Bacon

Series A in 2022
Bacon connects employers to pre-qualified, available candidates who will work on-demand for as little as one shift. Bacon makes it easy for someone to work a “side gig” when he/she is available. It also makes it easy for a manager to hire on short notice, staff-up for busy seasons, and connect with a pool of highly qualified candidates. Bacon works with any business that employs an hourly workforce. Bring it Home.

Minnow

Seed Round in 2021
Founded in 2017, Minnow is transforming how people get their food with its contact-free Pickup Pods, which keep food secure and people safe. A Minnow Pickup Pod can be used anywhere food is delivered or picked up. The result of a human-centered design journey that involved multiple generations of prototypes and thousands of hours of field testing, the Minnow food pickup platform is a versatile solution that can be used out of the box or integrated with existing POS, online ordering, and delivery platforms. To learn more, visit us at minnowpod.com

The Wild

Venture Round in 2021
Wild Technology, Inc. develops and delivers The Wild, a collaboration platform that enables all project stakeholders to experience design together in real-time. The company’s spatial sketching tool enables rapid prototyping of 3D concepts and provides a way to ideate and share ideas with team. Its Add-In for Autodesk Revit is used in architecture, commercial interior design, and virtual design and construction. The company was incorporated in 2016 and is based in Portland, Oregon.

HacWare

Seed Round in 2022
Hacware, Inc. develops an artificial intelligence based software that identifies the employees that are most likely to be hacked based on their habits. It products automate sending intelligent messages to the employees to simulate an email hack. The company also offers real-time analytics and training recommendations on email security. Hacware, Inc. was incorporated in 2017 and is based in Dallas, Texas.

Medical Magnesium

Seed Round in 2017
Medical Magnesium develops metallic bioabsorbable implants for orthopedic and trauma surgery. The implants are mechanically stable and physiologically degradable after fracture healing. A second surgery to remove the implants becomes needless. Our goal is to offer surgeons and patients tailor-made, highly functional magnesium-based solutions. We want to contribute to a next generation of implants, which make more and more single-surgery therapies possible. Metal removal is no longer necessary using innovative bioabsorbable implants. As a startup from RWTH Aachen University, we bring results from interdisciplinary research in engineering and medicine into surgical practice. The material technology has been developed and extensively tested as the basis for first implant products.

Time Study

Seed Round in 2021
Time Study offers a time intelligence platform that uses machine intelligence to activate and transform enterprise time data into real-time insights on how time is spent and its impact on workforce effectiveness, operational efficiency and compliance. The team is led by 3x entrepreneur and computer scientist Kishau Rogers; she is joined by an experienced team bringing many years of collective experience growing & building enterprise software solutions. Time Study is currently in use in over 30 leading U.S. health organizations.

Canopii

Pre Seed Round in 2022
Canopii is a greenhouse technology company providing turn-key farms integrated with cost-effective labor automation and energy management systems to support local and sustainable production of fresh produce.

Paerpay

Seed Round in 2022
The process for making in-person payments for merchants like restaurants is long and frustrating. Merchants are losing upwards of $200K a year per location as a result of a poor customer payment experience, non-paying customers and payment friction. Paerpay is a frictionless payment platform that offers better in-person payment experiences for merchants and their customers by removing the need to wait to pay.

RFPIO Inc.

Seed Round in 2016
Founded by a trio of former RFP responders in 2015, RFPIO streamlines the RFP response process through collaboration tools, a consolidated answer library, and an AI-enabled recommendation engine. With a single-minded focus on efficiency, we’re on a mission to give time back to our customers — giving them the freedom to spend their time on what matters most. We operate in 100 countries and serve over 70,000 users around the world. Customers include Microsoft, Adobe, LinkedIn, FireEye, and Google.

Curadite

Seed Round in 2017
Curadite, Inc operates a platform which communicates through reminders, text messages, and robo calls to the user to improve medical adherence. Its CuraPac, is a sensor based application which communicates through a cellular message for setting reminders. The company combines cellular-enabled disposable packaging and Internet of things (IoT) technology maintain users medication regimens by offering real-time medication tracking. The company was founded in 2016 and is based in Portland, Oregon.

TrovaTrip

Venture Round in 2021
TrovaTrip is an audience monetization platform for influencers, entrepreneurs, and small businesses. Hosts use our platform to easily plan and sell group trips, offer paid or donation-based livestreams, and sell digital products like ebooks and recorded workshops.

Wildfang

Series A in 2017
Wildfang Co. manufactures and retails apparel for women. It offers tops, including button-ups, tees, tanks, sweaters, sweat shirts, outerwear, and vests; bottoms, including jeans, pants, shorts, and overalls; and accessories, such as bags, hats, jewelry, ties, scarves, and novelty. The company also offers shoes, including boots, flats, and heels. In addition, it offers products online. The company was formerly known as WILDFANG International Inc. Wildfang Co. was incorporated in 2011 and is based in Portland, Oregon.

Hubb

Series A in 2016
Hubb, LLC provides an integrated app platform that automates the complex workflows and tasks required to collect, manage, and market content for conferences or meetings for clients. It also offers Exhibitor, which allows sponsors to self-manage everything from company profile to requesting their booth location; Attendee, which provides attendees the ability to plan their schedules and receive instant updates and evaluations on any device; and Website marketing tools. The company was founded in 2012 and is based in Vancouver, Washington.

Hemex Health

Seed Round in 2017
Hemex Health, Inc. develops and manufactures medical diagnostic devices for populations at risk for malaria and sickle cell disease (SCD). Its products include Magneto-Optical Device (MOD), a device to detect all strains of malaria at low concentrations under a minute; HemeChip, a device to identify hemoglobin disorders; and SMART, which provides solutions for early SCD and malaria diagnosis through point-of-care testing and mobile device registries in health facility settings. The company was founded in 2016 and is based in Portland, Oregon.

Vectorly

Pre Seed Round in 2019
Vectorly is a video compression startup from MIT, whose vector encoding technology can compress videos by up to 50x while also improving visual quality. Vector encoding is particularly effective for animations, screencasts and anything not recorded with a video camera (10 to 15% of video on the internet). Video platforms can license their software or use their APIs to compress their videos, reducing CDN costs and improving end-user experience. Vectorly was formerly known as "dot Learn".

N3rd Street Gamers, LLC

Private Placement in 2019
N3rd Street Gamers, LLC, doing business as Nerd Street Gamers operates a LAN gaming arena for hosting e-sports tournaments. The arena facilities include gaming PCs, consoles, and virtual reality systems for users. The company also offers production studios, gaming equipment, administration, and broadcast services for e-sports communities. N3rd Street Gamers, LLC was founded in 2009 and is headquartered in Philadelphia, Pennsylvania.

SCOUT Military Discounts

Seed Round in 2016
Scout Military helps families find & redeem military discounts. Each year, billions of transactions go without earned military discounts due to lack of signage, variable eligibility, or plain awkwardness of asking at the register. Scout solves this by starting with the most comprehensive database of military discounts ever compiled, cross referencing it for eligibility with a user profile, and then serving an on-site alert when a user is inside of a store with an eligible military discount. Scout Military Discounts mobile app is available today on both iOS and Android.

GrowthPlug

Seed Round in 2019
GrowthPlug is a practice growth and optimization SaaS that is focused on helping healthcare practices to accelerate new patient acquisition, manage online reputation, automate front desk operations, and elevate the patient experience. Launched in 2017, GrowthPlug works with hundreds of healthcare practices across the country.

GARDEN BAR

Seed Round in 2017
Garden Bar, LLC operates restaurants. The company was incorporated in 2013 and is headquartered in Portland, Oregon. As of August 27, 2019, Garden Bar, LLC operates as a subsidiary of Evergreens Salad.

Vectorly

Private Placement in 2019
Vectorly is a video compression startup from MIT, whose vector encoding technology can compress videos by up to 50x while also improving visual quality. Vector encoding is particularly effective for animations, screencasts and anything not recorded with a video camera (10 to 15% of video on the internet). Video platforms can license their software or use their APIs to compress their videos, reducing CDN costs and improving end-user experience. Vectorly was formerly known as "dot Learn".

Minnow

Seed Round in 2020
Founded in 2017, Minnow is transforming how people get their food with its contact-free Pickup Pods, which keep food secure and people safe. A Minnow Pickup Pod can be used anywhere food is delivered or picked up. The result of a human-centered design journey that involved multiple generations of prototypes and thousands of hours of field testing, the Minnow food pickup platform is a versatile solution that can be used out of the box or integrated with existing POS, online ordering, and delivery platforms. To learn more, visit us at minnowpod.com

ToolBelt

Venture Round in 2023
Toolbelt Inc. develops a mobile application that connects builders and remodelers with subcontractors and skilled tradespeople. It offers Toolbelt that enables to automatically translate projects and messages to Spanish; search for and filter project-ready talent for hiring; see projects that contractors have completed; and connect and communicate with project crews. The company was founded in 2018 and is based in Vancouver, Washington.

JourneyTrack

Seed Round in 2023
JourneyTrack is a cloud-based (SaaS) enterprise collaboration suite to understand, track, and prioritize the Customer Experience. JourneyTrack helps to create living, data-driven maps to ensure the inclusive design and benchmark customer experience.

Rock Paper Coin

Seed Round in 2022
The wedding industry is incredibly outdated. Many event professionals do not accept digital contracts or payments, yet Millennials and Gen Z couples getting married today expect a digital experience. Rock Paper Coin is a need based solution focusing primarily on payments and contracts. Approximately 350,000 wedding businesses make up the $74 billion dollar industry in the US ($300 billion globally). It is time to modernize one of the world's oldest traditions.

Photon Marine

Seed Round in 2022
Photon Marine is to preserve our waterways and oceans through increased adoption of electric marine propulsion technology.

Obatala Sciences

Series A in 2022
Obatala Sciences, a fat-on-a-chip biotechnology company, was incorporated to reduce the $2 Trillion economic burden associated with Obesity and Diabetes. Obatala is revolutionizing our view of body fat by highlighting its importance as a functional organ, and a regulator of body health and disease.

TrovaTrip

Series A in 2022
TrovaTrip is an audience monetization platform for influencers, entrepreneurs, and small businesses. Hosts use our platform to easily plan and sell group trips, offer paid or donation-based livestreams, and sell digital products like ebooks and recorded workshops.

PredictionStrike

Series A in 2023
PredictionStrike is a platform on which users can trade virtual shares of athletes as if they were stocks. The platform operates as a real stock market and allows users to buy/sell shares, build portfolios, and operate in a live market using real money. Share prices are determined by a player’s real-world performance, where each game/match acts like an earnings report, as well as the fans’ demand for those shares.