Elevate Capital

Elevate Capital, established in 2016, is a venture capital firm headquartered in Hillsboro, Oregon, with an additional office in Portland. The company specializes in investing in early-stage technology and tech-enabled businesses, with a focus on the Pacific Northwest region, particularly the Portland Oregon Metro area and Willamette Valley. Elevate Capital targets minority investments in startups, early-stage, and bridge rounds, with typical investment sizes ranging from $0.03 million to $0.5 million. The firm's portfolio spans various sectors, including SaaS, consumer packaged goods, life science, and technology, among others. Elevate Capital is committed to diversity and inclusion, maintaining a 50/50 male/female founder split and ensuring that at least one co-founder in each investment is from a minority group.

Carlos Manuel Alvarez

Investment and Data Analyst

Rosanne Burge

Senior Partner

Ana Chaud

Executive Partner

Michael Choi

Executive Partner

Christopher Day

CEO

Christopher Day

CEO

Dipty Desai

Venture Partner

Donn Dimond

Venture Partner

Doug Ding

Operating Partner

Kristin Eilenberg

Vice President

Doug Fieldhouse

Venture Partner

Stacy Friedman

Investor

Lateef Jackson

Venture Partner

Tariq Khan

Venture Partner

Kuhn, Nicholas

Vice President

Nicholas Kuhn

Vice President, Hardtech

Randy Lund

Executive Partner

Mark Maassel

Director

Cy Megnin

Vice President, Software

Cy Megnin

Vice President

Jill Nelson

Executive Partner

Titi Obasanya

Vice President

Sara Omohundro

Principal

Brandon Ross

Senior Associate Analyst

Soumitra Sengupta

Venture Partner

Patrick Sweeney

Principal

Landon Young

Investor

Past deals in Oregon

Rock Paper Coin

Seed Round in 2022
Rock Paper Coin, Inc. is a digital platform designed to facilitate collaboration between couples and event professionals in the wedding industry. Established in 2018 and headquartered in Lake Oswego, Oregon, the platform allows users to manage contracts, invoices, and payments seamlessly. It serves as a comprehensive solution for individuals planning weddings, enabling them to select, engage, and pay vendors efficiently. By streamlining the documentation process, including electronic agreements and invoices, Rock Paper Coin simplifies the administrative tasks associated with wedding planning, allowing both clients and professionals to focus more on the creative aspects of their events. The platform addresses the needs of a significant segment of the $74 billion wedding industry in the U.S., which comprises approximately 350,000 businesses.

Photon Marine

Seed Round in 2022
Photon Marine, founded in 2021 and based in Portland, Oregon, focuses on promoting the adoption of electric marine propulsion technology to protect waterways and oceans. The company develops electric outboard motor systems and a fleet management platform tailored for commercial boat fleets in sectors such as tourism, transportation, and mariculture. Its offerings include two horsepower profiles, complemented by software that delivers energy management advice, predictive maintenance, and smart routing. This technology aims to help customers lower operational costs, minimize maintenance needs, and eliminate the use of gas and oil, contributing to a more sustainable marine environment.

GrowthPlug

Seed Round in 2019
GrowthPlug Inc. is a marketing platform designed specifically for healthcare practitioners, aimed at enhancing their online presence and optimizing practice growth. Incorporated in 2016 and headquartered in San Jose, California, with an additional office in Beaverton, Oregon, GrowthPlug provides a suite of services including customer acquisition strategies, online reputation management, and automation of front desk operations. Launched in 2017, the platform focuses on delivering a patient-first experience by offering tools such as search engine optimization, business listings management, and an insights dashboard. By working with hundreds of healthcare practices nationwide, GrowthPlug helps its clients improve their digital presence and drive revenue growth.

C. Deloney Collection

Debt Financing in 2018
C. Deloney Collection is a jewelry company featuring one-of-a-kind, lightweight statement pieces in silver and 24k gold. C. Deloney Collection is headquartered in Portland, United States.

Hemex Health

Seed Round in 2017
Hemex Health, Inc. specializes in developing and manufacturing medical diagnostic devices aimed at populations at risk for malaria and sickle cell disease (SCD). Founded in 2016 and based in Portland, Oregon, the company offers innovative products such as the Magneto-Optical Device (MOD), which detects all strains of malaria in under a minute, and the HemeChip, designed to identify hemoglobin disorders. Additionally, Hemex Health provides the SMART platform, facilitating early diagnosis of SCD and malaria through point-of-care testing and mobile device registries within healthcare settings. These portable diagnostic devices enable physicians, small laboratories, and field healthcare workers to deliver timely and affordable medical diagnostics, significantly improving patient care in remote areas.

Garden Bar

Seed Round in 2017
Garden Bar, LLC, founded in 2013 and headquartered in Portland, Oregon, operates a chain of restaurants focused on providing fast and convenient meals. The company offers a variety of unique, delicious, and healthy food options, emphasizing the use of locally sourced vegetables, fruits, fresh meats, and cheeses. Garden Bar specializes in handcrafted meals that are free from preservatives, allowing customers to enjoy bountiful bowls of raw leafy greens while maintaining a nutritious diet. As of August 27, 2019, Garden Bar is a subsidiary of Evergreens Salad.

Hue Noir

Seed Round in 2017
Hue Noir, LLC is a cosmetics company based in Beaverton, Oregon, that specializes in creating makeup products tailored specifically for women with darker skin tones. Founded in 2009, the company aims to enhance the beauty of multicultural women by offering luxury makeup solutions that accommodate a range of nuanced skin tones from fair to deep. Hue Noir focuses on blending color, science, and technology to develop innovative and everyday makeup items that empower women to enhance their natural beauty. The company's products are available for purchase online, reflecting its commitment to making quality cosmetics accessible to a diverse clientele.

IT Aire

Seed Round in 2016
IT Aire Inc. specializes in the design, manufacture, and supply of innovative data center cooling systems. Founded in 2013 and based in Portland, Oregon, the company focuses on energy-efficient solutions, notably the Genesis Data-Room Cooling System (DCS), tailored for small and medium-sized data centers. Leveraging advanced indirect evaporative cooling technology combined with intelligent control systems, IT Aire aims to transform the data center industry by moving away from outdated cooling methods. The company offers a range of services, including assistance with energy incentives, mechanical engineering, system maintenance, and certified installation. IT Aire has established a strategic partnership with Oregon BEST to further enhance its offerings. With a commitment to reliability and sustainability, IT Aire continues to innovate in the sector.

Cascade Prodrug

Series B in 2016
Cascade Prodrug, Inc. is an early-stage pharmaceutical company based in Eugene, Oregon, focused on developing therapeutics utilizing hypoxia-activated switch technology for patients with solid tumors. The company's lead product, CPD100, is a proprietary N-oxide prodrug of vinblastine, which is a cytotoxic vinca-alkaloid traditionally used to treat various hematologic malignancies. CPD100 is designed to convert into its active form specifically within the tumor environment, thereby reducing the exposure of healthy tissues to its potent cytotoxic effects. This targeted approach aims to enhance the safety profile of chemotherapy for patients suffering from a range of solid tumor indications, including prostate, cervical, pancreatic, non-small cell lung, and head and neck cancers. Founded in 2009, Cascade Prodrug is committed to improving cancer treatment outcomes through innovative drug delivery methods.

Goumikids

Seed Round in 2016
Goumikids, LLC is a manufacturer and supplier of baby essentials, based in Beaverton, Oregon. The company specializes in a range of products, including baby mitts, jamms, boots, preemie mitts, hats, and goumibundles. The signature product, goumimitts, are designed to be soft and made from organic cotton, effectively preventing babies from scratching themselves. Founded by Lili Yeo and Linsey Ebuen, Goumikids aims to enhance the lives of families through its thoughtfully designed and functional products. The company sells its items both in physical stores across the United States and through its online platform.
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