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Venture Capital
elefund.com

Investments

35

Portfolio Exits

2

Funds

7

About Elefund

Elefund is a thesis-driven technology VC firm. Its distinct areas of interest are fintech and financial services, consumer hardware, marketplaces, and technology.

Headquarters Location

3175 Hanover Street

Palo Alto, California, 94304,

United States

415-993-1541

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Latest Elefund News

StretchDollar Raises $1.6M in Pre-Seed Funding

Sep 26, 2023

StretchDollar , a San Francisco, CA- and Philadelphia, Pennsylvania-based startup that enables small employers to provide pre-tax funding to employee-owned health insurance, raised $1.6M in Pre-Seed funding. The round saw participation from Precursor Ventures, Elefund, v1vc, Kindergarten Ventures, and Westerly Ventures. The company intends to use the funds to kick-off expansion in seven states by year-end 2023. Led by Marshall Darr, co-founder and chief executive officer, and Kaiza Molina, co-founder and chief operating officer, StretchDollar provides a platform that enables small employers to set a fixed pre-tax monthly stipend of their choosing that employees apply to their health insurance premiums. Employees manage the benefit on the dashboard and get guidance on selecting a health plan from the individual health insurance marketplace from licensed brokers. The company has announced its launch in Illinois, Pennsylvania, Delaware and Colorado. Before co-founding StretchDollar in March 2023, Marshall and Kaiza helped launch and grow health insurance startup Decent. The two also launched the lifecycle team of the small business payroll services company Gusto. FinSMEs

Elefund Investments

35 Investments

Elefund has made 35 investments. Their latest investment was in Confirm as part of their Series A on August 8, 2023.

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Elefund Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/30/2023

Series A

Confirm

$6.2M

Yes

3

7/31/2023

Pre-Seed

StretchDollar

$1.6M

Yes

3

6/26/2023

Seed VC - II

Raincoat

$6.5M

Yes

4

2/14/2023

Seed VC - II

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$99M

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10

2/14/2023

Seed VC - III

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$99M

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10

Date

8/30/2023

7/31/2023

6/26/2023

2/14/2023

2/14/2023

Round

Series A

Pre-Seed

Seed VC - II

Seed VC - II

Seed VC - III

Company

Confirm

StretchDollar

Raincoat

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Amount

$6.2M

$1.6M

$6.5M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

3

3

4

10

10

Elefund Portfolio Exits

2 Portfolio Exits

Elefund has 2 portfolio exits. Their latest portfolio exit was Commonstock on August 23, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/23/2023

Acquired

$99M

10

6/20/2022

Merger

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$99M

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10

Date

8/23/2023

6/20/2022

Exit

Acquired

Merger

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

10

10

Elefund Fund History

7 Fund Histories

Elefund has 7 funds, including Elefund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

5/10/2021

Elefund II

$30M

3

5/5/2020

GRDN-PI fund

$99M

10

5/4/2020

GRDN-CRT V fund

$99M

10

5/26/2017

Elefund

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$99M

10

Elefund Continuity II

10

Closing Date

5/10/2021

5/5/2020

5/4/2020

5/26/2017

Fund

Elefund II

GRDN-PI fund

GRDN-CRT V fund

Elefund

Elefund Continuity II

Fund Type

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Status

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Amount

$30M

$99M

$99M

$99M

Sources

3

10

10

10

10

Elefund Team

2 Team Members

Elefund has 2 team members, including current Managing Partner, Serik Kaldykulov.

Name

Work History

Title

Status

Serik Kaldykulov

Managing Partner

Current

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Name

Serik Kaldykulov

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Work History

Title

Managing Partner

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Status

Current

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