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Elevate Capital raises $26M for second fund to invest more dollars into minority-led startups Geekwire 1/26/2021 Taylor Soper © Provided by Geekwire Elevate Capital raises $26M for second fund to invest more dollars into minority-led startups Portland, Ore.-based firm Elevate Capital has raised $26 million as part of its $40 million Fund II. Elevate focuses on backing underrepresented entrepreneurs, including women and minorities. The firm launched in 2016 and has invested $10 million in 29 startups; 80% are led by diverse founders. It says the first fund is performing in the top quartiles of funds nationally measured by internal rate of return and cash returns. Elevate has already picked six companies to invest in as part of the second fund: Obatala Sciences, Revry, LegUp, Time Study, Goalsetter, and Forest Devices.

United statesNitin raiObatala sciencesMeyer memorialFirst insight corporationElevate capitalGeekwire elevate capitalTime studyMemorial trustOregon growth accountChelsea stonerBattery venturesManaging director nitin raiஒன்றுபட்டது மாநிலங்களில்நிடின் ராய்மேயர் நினைவகம்