Firms

Elevate Capital

Elevate Capital

elevate.vc

Elevate Capital is an Oregon venture capital firm founded in 2016 by Nitin Rai, with its current office in Beaverton. It invests in overlooked and underrepresented founders and supports early-stage technology, healthcare, life sciences, AI and research-driven deep-tech businesses. Its strategies include the Inclusive Fund, Capital Fund II, Business Oregon’s Innovation Gap Funds and the SSBCI Venture Direct program. The firm provides capital and mentorship from pre-seed through Series A, with check sizes varying by program. Its documented investments include Rewire AI, the Washington State University spinout developing computer vision for biomedical image analysis. The official directory includes investment and operating staff, venture and executive partners, limited partners, an emeritus partner, support staff and advisers; these roles are preserved separately. Elevate Capital is distinct from Elevate Ventures, BAM Elevate and other similarly named organizations.

Founded
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Type
Venture capital

Funds1

  • Elevate Innovation Gap Fund I$2M

    Elevate Capital's first Oregon commercialization Innovation Gap Fund, supporting early-stage research and invention-based companies. The manager's October 25, 2021 retrospective reports a $2.5 million fund and $1.75 million invested across fifteen companies during the preceding twelve months. The announcement is a portfolio update; an exact fund closing date is not established. The $1.75 million deployment figure is part of this fund, not a second fund.

Team

Operations and support

Allie PersitzAllie PersitzOperating Partner
Ana ChaudAna ChaudExecutive Partner
Annu NavaniAnnu NavaniVenture Partner
Anu ShuklaAnu ShuklaVenture Partner
Barbara JohnsonBarbara JohnsonExecutive Assistant
Ben NahirBen NahirPartner
Brandon RossBrandon RossSenior Associate-Analyst
Chris BrightChris BrightExecutive Partner
Dipty DesaiDipty DesaiVenture Partner
Donn DimondDonn DimondLimited Partner
Doug FieldhouseDoug FieldhouseLimited Partner
Giovanni MagniGiovanni MagniVenture Partner
Jill NelsonJill NelsonExecutive Partner
Kanth GopalpurKanth GopalpurAdvisor
Ketan SampatKetan SampatExecutive Partner
Krishna ChittabathiniKrishna ChittabathiniVenture Partner
Kumar SripadamKumar SripadamGeneral Partner
Lateef JacksonLateef JacksonLimited Partner
Michael ChoiMichael ChoiExecutive Partner
Nitin RaiNitin RaiFounder & Managing Partner
Pam GatesPam GatesController
Raghu RaghavanRaghu RaghavanPartner Emeritus
Randy LundRandy LundExecutive Partner
Robin JonesRobin JonesExecutive Partner
Soumitra SenguptaSoumitra SenguptaVenture Partner
Srivatsan LaxmanSrivatsan LaxmanVenture Partner
Stephen MarshStephen MarshAdvisor
Supriya RaoSupriya RaoVenture Partner
Tariq Q. KhanTariq Q. KhanVenture Partner
Vageesh JhaVageesh JhaAssociate (Fund Operations & Administration)

Co-investing

Investments