Investments
35Portfolio Exits
2Funds
7
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Latest Elefund News
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.
Elefund Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
8/30/2023 | Series A | Confirm | $6.2M | Yes | Black Angel Group, Elefund, Gaingels, SHRMLabs, Spero Ventures, and Undisclosed Investors | 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 | |||||
2/14/2023 | Seed VC - III |
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 | ||
Amount | $6.2M | $1.6M | $6.5M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | Black Angel Group, Elefund, Gaingels, SHRMLabs, Spero Ventures, and Undisclosed Investors | ||||
Sources | 3 | 3 | 4 |
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 | 10 | |||
Date | 8/23/2023 | |
|---|---|---|
Exit | Acquired | |
Companies | ||
Valuation | ||
Acquirer | ||
Sources | 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 | ||||
5/4/2020 | GRDN-CRT V fund | ||||
5/26/2017 | Elefund | ||||
Elefund Continuity II |
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 | |||||
Status | |||||
Amount | $30M | ||||
Sources | 3 |
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 | |
Name | Serik Kaldykulov | |
|---|---|---|
Work History | ||
Title | Managing Partner | |
Status | Current |
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