Elevate Ventures

Elevate Ventures is an Indianapolis-based venture capital firm dedicated to fostering high-growth, innovation-driven companies with a significant presence in Indiana. Since its inception, the firm has positioned itself as a cornerstone of the state's entrepreneurial ecosystem, actively working to identify, invest in, and nurture promising startups across various sectors. Their strategic focus is not merely on capital deployment but on building a robust support system for Indiana-based businesses, aiming to accelerate their development and attract further investment into the region.

The firm's investment strategy spans multiple early-stage rounds, including Pre-Seed, Seed, and Series A, demonstrating a commitment to supporting companies from their nascent stages through significant growth milestones. Elevate Ventures manages several specialized funds, such as the Elevate Indiana Fund and the Elevate Seed Fund, which are tailored to meet the specific capital needs of companies at different development phases. They prioritize businesses that exhibit strong innovation, scalable business models, and a clear path to market leadership within their respective industries, emphasizing their unique position within the Indiana venture landscape.

Elevate Ventures has made a substantial impact on Indiana's economy, evidenced by its significant investment activity. Since 2011, the firm has invested over $150 million into more than 500 companies, showcasing a broad and deep commitment to the state's startup community. These portfolio companies have, in turn, successfully attracted over $1.6 billion in co-investment from other sources, underscoring the quality of Elevate's selections and their ability to catalyze further capital. Typically, Elevate Ventures' initial investments range from $25,000 for very early-stage ventures up to $2,000,000 for more developed Seed or Series A opportunities, with potential for follow-on investments reaching $5,000,000.

Their unique public-private partnership model, often involving collaboration with the Indiana Economic Development Corporation (IEDC), further solidifies their role in the state's economic development. By providing not just capital but also strategic guidance and access to networks, Elevate Ventures plays a critical role in transforming Indiana into a hub for innovation and entrepreneurship, contributing significantly to job creation and economic prosperity within the region.