Elevate Capital

Elevate Capital is a venture capital firm founded in 2016 and based in Hillsboro, Oregon, with an additional office in Portland. The firm specializes in seed and early-stage investments, focusing on startups and early-stage companies, particularly in the technology sector, tech-enabled businesses, athletic apparel, outdoor products, and food and beverage industries. Elevate Capital prioritizes investments in underrepresented founders, maintaining a balanced portfolio with a 50/50 male-to-female founder ratio and ensuring that all its investments include at least one co-founder from a minority group. The firm primarily targets investments in the Pacific Northwest, particularly the Portland Metro area and the Willamette Valley, with investment sizes ranging from $0.03 million to $0.5 million. Elevate Capital aims to make minority investments in its portfolio companies.

Nitin Rai

Managing Partner

Past deals in Oregon

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.

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.

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.

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.

Minnow

Seed Round in 2021
Minnow Technologies, Inc. designs and manufactures Internet-connected food pickup kiosks known as Minnow pods, which provide a contact-free solution for food delivery and pickup. Founded in 2017 and based in Portland, Maine, the company has developed an application software that alerts customers when their orders are ready and provides passcodes for secure retrieval. The Minnow pods are versatile and can be utilized in various settings, supporting integration with existing point-of-sale systems, online ordering, and delivery platforms. Through extensive field testing and user-centered design, Minnow aims to enhance food safety and convenience for customers, while also assisting foodservice operators and commercial property managers in delivering a safer pickup experience.

Minnow

Seed Round in 2020
Minnow Technologies, Inc. designs and manufactures Internet-connected food pickup kiosks known as Minnow pods, which provide a contact-free solution for food delivery and pickup. Founded in 2017 and based in Portland, Maine, the company has developed an application software that alerts customers when their orders are ready and provides passcodes for secure retrieval. The Minnow pods are versatile and can be utilized in various settings, supporting integration with existing point-of-sale systems, online ordering, and delivery platforms. Through extensive field testing and user-centered design, Minnow aims to enhance food safety and convenience for customers, while also assisting foodservice operators and commercial property managers in delivering a safer pickup experience.

Minnow

Pre Seed Round in 2018
Minnow Technologies, Inc. designs and manufactures Internet-connected food pickup kiosks known as Minnow pods, which provide a contact-free solution for food delivery and pickup. Founded in 2017 and based in Portland, Maine, the company has developed an application software that alerts customers when their orders are ready and provides passcodes for secure retrieval. The Minnow pods are versatile and can be utilized in various settings, supporting integration with existing point-of-sale systems, online ordering, and delivery platforms. Through extensive field testing and user-centered design, Minnow aims to enhance food safety and convenience for customers, while also assisting foodservice operators and commercial property managers in delivering a safer pickup experience.

C. Deloney Collection

Debt Financing in 2018
C. Deloney Collection

Handful

Seed Round in 2017
Handful, Inc. is a Tigard, Oregon-based company that manufactures and distributes women's sportswear, focusing on providing comfortable and functional apparel for daily use and physical activities. Founded in 2006, the company offers a range of products, including sports bras, tops, capris, leggings, and accessories such as hats and tank tops. Handful aims to enhance women's self-esteem by creating fashionable and supportive clothing that allows for ease of movement during activities like yoga, running, and workouts. Through its commitment to style and comfort, Handful seeks to empower women to feel confident while engaging in various physical pursuits.

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.

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.

Heritage Laboratories

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

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.

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.

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.

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.

RFPIO Inc.

Seed Round in 2016
RFPIO Inc. is a cloud-based software company that specializes in automating the request for proposal (RFP) response process. Founded in 2015 and headquartered in Beaverton, Oregon, the company provides tools designed for proposal managers and sales teams to enhance collaboration and streamline workflows. RFPIO’s platform features a consolidated answer library and an AI-enabled recommendation engine, which help users efficiently manage RFP task lists and improve teamwork through daily summaries and audit trails. With a focus on increasing productivity, RFPIO serves over 70,000 users across 100 countries, including prominent clients such as Microsoft, Adobe, LinkedIn, FireEye, and Google.

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.

Goumikids

Seed Round in 2016
Goumikids, LLC is a company based in Beaverton, Oregon, that specializes in manufacturing and supplying baby essentials. The product line includes innovative items such as goumimitts, designed to prevent babies from scratching, as well as jamms, boots, preemie mitts, and hats. All products are made from soft, organic cotton, ensuring they are safe and comfortable for infants. Goumikids aims to enhance the lives of families by providing high-quality, functional baby products. The company's offerings are available through various retail stores across the United States and online, making them accessible to a wide range of customers. Founded by friends Lili Yeo and Linsey Ebuen, Goumikids is driven by a commitment to improve the lives of families both locally and globally.