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Elevate Capital Launches $40 Million Fund II to Expand Mission of Inclusive Investing

Elevate Capital Launches $40 Million Fund II to Expand Mission of Inclusive Investing First wave of national investments is in six startups led by Black founders or CXOs across tech, life sciences, and medical devices. News provided by Share this article Share this article PORTLAND, Ore., Jan. 26, 2021 /PRNewswire/ Elevate Capital recently completed a $26.0 million first close of the Elevate Fund II to enhance its efforts to support underserved minority and women entrepreneurs with early-stage funding. With Fund II now officially launched, Elevate Capital has already lined up six investments, all of which are led by Black founders and CXOs. Investment in Fund II is led by two institutional investors: Meyer Memorial Trust and the Oregon Growth Account. Fund II has also attracted dozens of prominent investors, such as Chelsea Stoner at Battery Ventures who are participating privately.

New yorkUnited statesNitin raiCarmelo montalvoLos angelesJessica eggertRukaiyah adamsKishau rogersLashawn mcgheeMorgan stanleyObatala sciencesMeyer memorialTanya van courtElevate capitalManaging partnerChief investment officer

Elevate Capital raises $26M for second fund to invest more dollars into minority-led startups

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

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