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PORTLAND, Ore., April 20, 2021 /PRNewswire/ Elevate Capital announced today a substantial investment in Fund II by Bank of America as part of Bank of America s
$1.25 billion commitment to advance racial equality and economic opportunity. Elevate will invest this capital to enhance its efforts to support underserved minority and women entrepreneurs with early-stage funding. We are extremely proud to have Bank of America s support and to be part of its commitment to increasing representation of BIPOC
1 founded startups, said Nitin Rai, Founder and Managing Partner of Elevate Capital. This commitment is a major catalyst for advancing racial equity in entrepreneurship and we will help them achieve that vision through our work.