
Elevate Ventures is a venture capital firm based in Indianapolis, Indiana, that invests in high-potential, cross-sector innovation companies headquartered in or with a significant presence in Indiana. It is the most active early-stage VC in the Great Lakes Region and recently launched a $100M growth-stage fund in partnership with the state of Indiana.
Average disclosed round size is $4.9M (across 137 rounds with reported amounts).
Portfolio
116
Fund Size
$100M
Top Stage
Seed
Last 12 Mo
0
Team
MN
Makenzie Norris
Vice President of Life Sciences
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
149 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| Seed | — | Apr 2025 | |
| Seed | — | Jan 2025 | |
| Seed | $2.7M | Jan 2025 | |
| Series B | $2.7M | Jan 2025 | |
| Seed | $2.7M | Jan 2025 | |
| Growth | $7M | Dec 2024 | |
| Series A | $8M | Nov 2024 | |
| Unknown | $6M | Sep 2024 | |
| Series A | $9M | May 2024 | |
| Seed | $2.3M | Apr 2024 | |
| Series B | $20M | Jan 2024 | |
| Series A | $8M | Jan 2024 | |
| Series A | $9M | Jan 2024 | |
| Series C | $30M | Nov 2023 | |
| OOn Target Laboratories | Series C | $30M | Nov 2023 |
| Seed | $2M | Oct 2023 | |
| Seed | $1.5M | Oct 2023 | |
| Seed | $2M | Oct 2023 | |
| CConversight | Series A | $9M | Aug 2023 |
| Series A | $6M | Aug 2023 | |
| Seed | $3M | Jun 2023 | |
| AAfterschool | Seed | $3M | Jun 2023 |
| Series A | $6M | Mar 2023 | |
| Series A | $4.9M | Mar 2023 | |
| Unknown | $1.5M | Feb 2023 |
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Top Co-Investors
Techstars14 shared
Flywheel Fund13 shared
High Alpha8 shared
Gaingels6 shared
Plug and Play Tech Center6 shared
Y Combinator5 shared
IrishAngels5 shared
Portland Seed Fund4 shared
M254 shared
Debut Capital4 shared
Mercury Fund4 shared
private angel investors4 shared
Oregon Venture Fund3 shared
3B Future Health Fund3 shared
Mastercard3 shared
Comcast Corporation3 shared
Founders Fund3 shared
Converge3 shared
Threshold Ventures2 shared
Pioneer Square Labs2 shared
Last updated: 7 October 2026