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Venture Capital
elevateventures.com

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Investments

220

Portfolio Exits

18

Funds

5

Partners & Customers

2

About Elevate Ventures

Elevate Ventures nurtures and develops emerging and existing high-potential businesses into high-performing, Indiana-based companies. It accomplishes this by providing rigorous business analysis and robust advisory services that connect companies with the resources they need to succeed long-term. As a not-for-profit organization, Elevate is able to offer unbiased, in-depth perspectives and recommendations.As of April 2011, Indiana's 21st Century Fund is managed by Elevate Ventures, under contract with the IEDC and the State of Indiana.

Elevate Ventures Headquarter Location

One North Capitol Avenue Suite 900

Indianapolis, Indiana, 46204,

United States

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Latest Elevate Ventures News

Ting Gootee named new TechPoint president and CEO

Apr 14, 2022

Veteran investment capital leader succeeds Mike Langellier. Ting Gootee, a key founding executive and chief investment officer for Elevate Ventures, has been named the new President and CEO of TechPoint. TechPoint and the Central Indiana Corporate Partnership (CICP) made the announcement today following a national search to replace Mike Langellier, who had led the nonprofit, […] The post Ting Gootee named new TechPoint president and CEO appeared first on TechPoint.

Elevate Ventures Investments

220 Investments

Elevate Ventures has made 220 investments. Their latest investment was in MindLabs as part of their Grant - II on May 5, 2022.

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Elevate Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/9/2022

Grant - II

MindLabs

$1.08M

No

1

4/5/2022

Series A - II

Adranos

$10.08M

Yes

4

2/17/2022

Seed VC - II

Qualifi

$2.5M

No

4

2/2/2022

Series A

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$99M

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10

1/27/2022

Seed VC - II

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$99M

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10

Date

5/9/2022

4/5/2022

2/17/2022

2/2/2022

1/27/2022

Round

Grant - II

Series A - II

Seed VC - II

Series A

Seed VC - II

Company

MindLabs

Adranos

Qualifi

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Amount

$1.08M

$10.08M

$2.5M

$99M

$99M

New?

No

Yes

No

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Co-Investors

Sources

1

4

4

10

10

Elevate Ventures Portfolio Exits

18 Portfolio Exits

Elevate Ventures has 18 portfolio exits. Their latest portfolio exit was Novosteo on May 10, 2022.

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

5/10/2022

Acquired

3

10/22/2021

Acquired

17

10/12/2021

Acquired

1

7/27/2021

Acquired

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10

5/12/2021

Acquired

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10

Date

5/10/2022

10/22/2021

10/12/2021

7/27/2021

5/12/2021

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

Acquirer

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Sources

3

17

1

10

10

Elevate Ventures Fund History

5 Fund Histories

Elevate Ventures has 5 funds, including Elevate Ventures NSG Investment Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

2/28/2020

Elevate Ventures NSG Investment Fund

$0.05M

1

12/31/2012

Indiana Angel Network (IAN) Fund

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$99M

10

Indiana's 21st Century Research & Technology Fund

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10

Indiana Diversity Investment (IDI) Fund

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10

Indiana Community Development Fund

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10

Closing Date

2/28/2020

12/31/2012

Fund

Elevate Ventures NSG Investment Fund

Indiana Angel Network (IAN) Fund

Indiana's 21st Century Research & Technology Fund

Indiana Diversity Investment (IDI) Fund

Indiana Community Development Fund

Fund Type

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Status

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Amount

$0.05M

$99M

Sources

1

10

10

10

10

Elevate Ventures Partners & Customers

2 Partners and customers

Elevate Ventures has 2 strategic partners and customers. Elevate Ventures recently partnered with CareSource on July 7, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

7/28/2021

Partner

United States

CareSource Launches Diversity & Social Impact Fund in Indiana - Elevate Ventures

INDIANAPOLIS -- CareSource , a nationally recognized nonprofit health plan , today announced the launch of the CareSource through a partnership with Elevate Ventures , a venture development organization that will manage the fund .

1

6/4/2021

Partner

United States

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10

Date

7/28/2021

6/4/2021

Type

Partner

Partner

Business Partner

Country

United States

United States

News Snippet

CareSource Launches Diversity & Social Impact Fund in Indiana - Elevate Ventures

INDIANAPOLIS -- CareSource , a nationally recognized nonprofit health plan , today announced the launch of the CareSource through a partnership with Elevate Ventures , a venture development organization that will manage the fund .

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Sources

1

10

Elevate Ventures Team

7 Team Members

Elevate Ventures has 7 team members, including current Chief Executive Officer, Stephen Hourigan.

Name

Work History

Title

Status

Stephen Hourigan

VantEdge Partners, Indiana Economic Development, Interthinx, and AppIntell

Chief Executive Officer

Current

Barbara Uggen-Davis

Chief Financial Officer

Current

Phil Lodato

Indiana Economic Development, and Bingham Greenebaum Doll

Chief Compliance Officer

Current

Ting Yi Gootee

Chief Investment Officer

Current

Rosanne Burge

Apparatus, Collina Ventures, Sallie Mae, and Accenture

Senior Partner

Current

Name

Stephen Hourigan

Barbara Uggen-Davis

Phil Lodato

Ting Yi Gootee

Rosanne Burge

Work History

VantEdge Partners, Indiana Economic Development, Interthinx, and AppIntell

Indiana Economic Development, and Bingham Greenebaum Doll

Apparatus, Collina Ventures, Sallie Mae, and Accenture

Title

Chief Executive Officer

Chief Financial Officer

Chief Compliance Officer

Chief Investment Officer

Senior Partner

Status

Current

Current

Current

Current

Current

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