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Elevate Ventures logo

Elevate Ventures

Indianapolis, Indiana · Invests in US · Website

Pre-SeedSeedSeries AE-commerce & MarketplacesFood & BeverageMedia & EntertainmentGamingB2B SaaSDeveloper ToolsEnterprise SoftwareDeveloper Tools & InfrastructureSecurity & CybersecurityHR Tech & Future of WorkHealthcare & Digital HealthBiotech & Life SciencesEdTechClimate & Clean Energy

Thesis

Elevate Ventures partners with innovation-driven founders to provide strategic capital, mentorship, and ecosystem access. Founded by a former founder (Governor Mitch Daniels), the firm believes the best founders exhibit grit, creativity, and coachability. They invest across all sectors and geographies but maintain primary focus on Indiana and Great Lakes Region entrepreneurs building cross-sector innovations.

Likely not a fit for

Elevate avoids: non-innovative copycat businesses, founders without clear vision or coachability, companies with complex legal/financial structures, investments requiring only financial capital without strategic support.

How they invest

Lead or follow
Usually leads
Typical decision
~1 month
Warm intro
Not required
Involvement
Takes a board seat
Fund status
Actively deploying
Assets under mgmt
$245M
Decision process
Partnership vote

Partners & team

10 contacts on file

MG

Myles Grote

PartnerPartner · Primary contact

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m•••@el•••.com

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MT

Matt Tyner

General PartnerManaging Partner

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m•••@el•••.com

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TD

Toph Day

CEO

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t•••@el•••.com

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JS

Jacob Schpok

Platform & OpsPartner and Head of Platform

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j•••@el•••.com

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PS

Patrick Sweeney

PrincipalPrincipal

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p•••@el•••.com

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LY

Landon Young

PrincipalVice President of Pre-Seed

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l•••@el•••.com

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NK

Nicholas Kuhn

PrincipalVice President of Hardtech

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n•••@el•••.com

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CM

Cy Megnin

PrincipalVice President of Software

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c•••@el•••.com

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TO

Titi Obasanya

PrincipalVice President of Software

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t•••@el•••.com

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AK

Asa Kelly

Platform & OpsVice President of Investment Operations & Portfolio Analytics

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a•••@el•••.com

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Portfolio

120WaterEnterprise Software

120Water provides a comprehensive digital water solution program focused on water quality management, compliance with lead and copper regulations, and inventory management for water utilities.

3B AppsFood Beverage

3B Apps builds custom branded online ordering applications for restaurants. Our goal is to give small to medium sized restaurants the technology that matches their large chain competitors and help them stay relevant in an increasingly mobile world, without having to spend hundreds of thousands of dollars. With our product, users can order, pay, and get rewards points right from their mobile device so that their order will be ready to pick up. In addition to giving their customers a better exper

3BG Supply Co.Manufacturing Industrial

3BG Supply Co. specializes in providing industrial equipment and supplies, including a wide range of bearings and maintenance services.

Acoustical Music TechMedia Entertainment

Acoustical Music Tech focuses on designing sound and audio-visual systems, as well as music production software.

Adapta EducationEdtech

We provide an advanced testing platform to help teachers effectively personalize and differentiate their instruction.

Adipo TherapeuticsBiotech Life Sciences

Adipo Therapeutics is a biotech start-up developing polymer-based, Notch-inhibiting nanoparticles that are injected directly into adipose tissue to induce browning, or white-to-beige adipocyte transformation. The goal is to reduce weight and restore metabolic balance for individuals living with diabetes.

AdranosAerospace Defense

Adranos manufactures solid rocket motors and solid rocket fuel to solve critical challenges in national security and space launch. Adranos's solid rocket motors are designed to increase the range, speed, and payload capacity of military and space launch systems.

Advanced Renewable PowerClimate Clean Energy

Advanced Renewable Power LLC (ARP) is comprised of a team of designers, engineers, scientists, and business development executives who together possess over 300 years of experience in advanced Mobile Power Grid (MPG), Stationary Power Grid (SPG) Systems, and Lithium-Ion batteries and cell production systems. We develop and manufacture compact, high performance power solutions to power the next generation of Hybrid Electric transit buses and delivery trucks.

AerofluxAerospace Defense

Aeroflux is engaged in the design, development, and manufacture of magnetic brakes for business, commuter, and commercial aircraft. Their innovative patent-pending brake technology enables completely contactless, wear-free braking of even large passenger jets.

Afterschool HQEdtech

AfterSchool HQ is a youth organization management platform that connects students with a variety of after-school programs, helping them discover their passions early in life.

AgenDx BiosciencesHealthcare Digital

AgenDx is an early stage molecular diagnostics company developing a revolutionary cost-effective molecular diagnostics platform designed for operation by untrained users in clinical settings.

AIT BioscienceBiotech Life Sciences

AIT Bioscience is a contract bioanalytical laboratory servicing biotech, pharmaceutical and animal health companies in support of their R&D.

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Research briefRead more
Elevate Ventures Research Investment Thesis Elevate Ventures is a mission-driven venture capital firm focused on empowering cross-sector innovation-driven entrepreneurs. Founded in 2011 by Indiana Governor Mitch Daniels as a public-private partnership spin out from the Indiana Economic Development Corporation (IEDC), Elevate has evolved from grant writing to become one of the most active early-sta

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