Investments
220Portfolio Exits
18Funds
5Partners & Customers
2About 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
Latest Elevate Ventures News
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.
Elevate Ventures Investments Activity
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 | Bob Bishop, Explorer 1 Fund, Specific Impulse Capital, and Undisclosed Investors | 4 |
2/17/2022 | Seed VC - II | Qualifi | $2.5M | No | Converge, Debut Capital, Flywheel Fund, Northwestern Mutual Black Founder Accelerator, Rally Ventures, Service Provider Capital, Sixty8 Capital, Techstars, and Undisclosed Angel Investors | 4 |
2/2/2022 | Series A | |||||
1/27/2022 | Seed VC - II |
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 | ||
Amount | $1.08M | $10.08M | $2.5M | ||
New? | No | Yes | No | ||
Co-Investors | Bob Bishop, Explorer 1 Fund, Specific Impulse Capital, and Undisclosed Investors | Converge, Debut Capital, Flywheel Fund, Northwestern Mutual Black Founder Accelerator, Rally Ventures, Service Provider Capital, Sixty8 Capital, Techstars, and Undisclosed Angel Investors | |||
Sources | 1 | 4 | 4 |
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 | |||
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 | ||||
Indiana's 21st Century Research & Technology Fund | |||||
Indiana Diversity Investment (IDI) Fund | |||||
Indiana Community Development Fund |
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 | |||||
Status | |||||
Amount | $0.05M | ||||
Sources | 1 |
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 |
Date | 7/28/2021 | 6/4/2021 |
|---|---|---|
Type | Partner | Partner |
Business Partner | ||
Country | 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 . | |
Sources | 1 |
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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