Elevate Capital

Elevate Capital is a venture capital firm based in Hillsboro, Oregon, established in 2016. It focuses on seed and early-stage investments across the United States, with a regional emphasis on the Pacific Northwest and Portland metro area. The firm targets technology-enabled startups and seeks to diversify founder representation, supporting ventures founded by underrepresented entrepreneurs. Elevate Capital typically participates in early rounds and makes minority investments, providing more than capital through advisory support and access to networks to aid long-term growth. Portfolio scope includes software, life sciences, hardware, consumer products, fintech, healthcare, sustainability, and related technology sectors.

Carlos Manuel Alvarez

Investment and Data Analyst

Howard Bates

Founder and Chairman

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

Ting Gootee

Investor

Mark Gramelspacher

Investor

Lateef Jackson

Venture Partner

Tariq Khan

Venture Partner

Kuhn, Nicholas

Vice President

Nicholas Kuhn

Vice President, Hardtech

Christopher LaMothe

Investor

Randy Lund

Executive Partner

Mark Maassel

Director

Cy Megnin

Vice President

Cy Megnin

Vice President, Software

Ben Nahir

Principal

Jill Nelson

Executive Partner

Titi Obasanya

Vice President

Sara Omohundro

Principal

Raghu Raghavan

General Partner

Nitin Rai

Managing Partner

Brandon Ross

Senior Associate

Soumitra Sengupta

Venture Partner

Patrick Sweeney

Principal

Landon Young

Investor

Past deals in Oregon

Rock Paper Coin

Seed Round in 2022
Rock Paper Coin is a digital platform facilitating collaboration between couples planning weddings and event professionals. Launched in 2019, it enables users to manage contracts, invoices, payments, and vendor engagement through its comprehensive suite of tools.

Photon Marine

Seed Round in 2022
Founded in 2021, Photon Marine is dedicated to preserving waterways and oceans by promoting the adoption of electric marine propulsion technology. Based in Portland, Oregon, the company develops commercial marine electric propulsion systems that reduce emissions and operational inefficiencies in workboat fleets.

GrowthPlug

Seed Round in 2019
GrowthPlug Inc. is a marketing platform designed to assist healthcare practices in customer acquisition, online reputation management, and social media optimization. Founded in 2016 and headquartered in San Jose, California, with an additional office in Beaverton, Oregon, the company aims to streamline operations for health practitioners by offering tools that enhance patient experiences and improve digital visibility. Its services include search engine optimization, business listings management, and insights dashboards, which collectively enable healthcare practices to grow efficiently and effectively in the digital landscape. GrowthPlug has established a significant presence across the United States, catering to hundreds of healthcare providers.

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.

Wildfang

Series A in 2017
Wildfang Co., established in 2013, is a Portland-based fashion retailer specializing in menswear-inspired apparel for women. The company manufactures and retails a wide range of products including tops, bottoms, accessories, and shoes, all designed to cater to women seeking gender-neutral clothing options. Wildfang's online marketplace offers an extensive collection of androgynous styles, empowering women to embrace both masculine and feminine fashion senses.

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. 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 solution for early detection of sickle cell disease and malaria through point-of-care testing, enabling healthcare professionals in both clinical and field settings to deliver rapid and affordable diagnostics. The company's portable devices allow physicians, small laboratories, and frontline healthcare workers to diagnose and treat these diseases more efficiently, thereby improving patient outcomes in underserved regions.

Garden Bar

Seed Round in 2017
Garden Bar, LLC is a restaurant company founded in 2013 and based in Portland, Oregon. The company specializes in providing fast and convenient meals that focus on health and nutrition. Garden Bar offers a menu featuring unique and delicious options, with meals crafted from locally sourced vegetables, fruits, fresh meats, and cheeses, all prepared without preservatives. This approach allows customers to enjoy bountiful bowls of raw leafy greens, promoting a fit and healthy lifestyle. As of August 2019, Garden Bar operates as a subsidiary of Evergreens Salad.

Hue Noir

Seed Round in 2017
Hue Noir is a cosmetics company that designs, manufactures, and sells makeup tailored to women with nuanced, multicultural skin tones from fair to deep. Founded in 2009 and based in Beaverton, Oregon, it operates primarily online. The company combines color science and technology to develop innovative makeup products and collections that help users enhance their natural beauty, emphasizing inclusion and accessibility in the modern beauty market.

IT Aire

Seed Round in 2016
IT Aire Inc. specializes in designing, manufacturing, and supplying advanced cooling systems tailored for data centers. Founded in 2013 and based in Portland, Oregon, the company focuses on the Genesis Data-Room Cooling System, an energy-efficient precision cooling solution specifically aimed at small and medium-sized data centers. By utilizing indirect evaporative cooling technology coupled with an intelligent control system, IT Aire's products significantly enhance reliability and energy efficiency while addressing cooling requirements and IT load airflow. In addition to its innovative products, the company provides various services, including mechanical engineering, system maintenance, and on-site support to ensure optimal performance of its cooling systems. IT Aire also collaborates strategically with organizations like Oregon BEST to further advance sustainable cooling solutions within the industry.

Cascade Prodrug

Series B in 2016
Cascade Prodrug, Inc. is an early-stage pharmaceutical company based in Eugene, Oregon, focused on developing innovative therapeutics utilizing hypoxia-activated switch technology for patients with solid tumors. Founded in 2009, the company is advancing its lead candidate, CPD100, a proprietary N-oxide prodrug of vinblastine, a well-known cytotoxic agent used in the treatment of various hematologic malignancies. CPD100 is designed to convert to its active form specifically within tumor environments, thereby reducing the exposure of healthy tissues to its potent effects. This targeted approach aims to enhance the safety profile of chemotherapy for patients suffering from solid tumors, including prostate, cervical, pancreatic, non-small cell lung, and head and neck cancers.

Goumikids

Seed Round in 2016
Goumikids, LLC is a company based in Beaverton, Oregon, dedicated to manufacturing and supplying a range of baby essentials. Its product line includes innovative items such as goumimitts—smart mitts designed to prevent babies from scratching themselves—along with jamms, boots, preemie mitts, hats, and goumibundles. Founded by friends Lili Yeo and Linsey Ebuen, Goumikids aims to enhance the lives of families by offering functional and aesthetically pleasing baby products. The company markets its offerings through retail stores across the United States as well as through online platforms, ensuring accessibility for a wide audience of parents and caregivers.
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