Elevate Capital

6th Annual WOCCON Summit Challenges the Meritocracy of Capital Access

Retrieved on: 
Monday, February 12, 2024

NEWARK, N.J., Feb. 12, 2024 /PRNewswire/ -- The Institute for Entrepreneurial Leadership (IFEL), a national nonprofit organization that works to create greater inclusion within the entrepreneurial ecosystem, today announced its sixth annual Women of Color Connecting Summit (WOCCON) will take place virtually from March 5-7, 2024.

Key Points: 
  • Dozens of Highly-Recognized Executives and Entrepreneurs to Participate Via Keynotes, Panels, and Fireside Chats
    NEWARK, N.J., Feb. 12, 2024 /PRNewswire/ -- The Institute for Entrepreneurial Leadership ( IFEL ), a national nonprofit organization that works to create greater inclusion within the entrepreneurial ecosystem, today announced its sixth annual Women of Color Connecting Summit (WOCCON) will take place virtually from March 5-7, 2024.
  • This invitation-only virtual convening provides an opportunity for investors, allies, executives, and policymakers to:
    "Increasing capital access and understanding the barriers to capital access are two of the biggest problems facing entrepreneurs of color today," said Jill Johnson, CEO and Co-Founder of IFEL.
  • Three days of powerful sessions centered on the role of allyship and capital constraints are planned.
  • To register for the Women of Color Connecting Summit, please visit: https://www.woccon.org/summit

Elevate Capital Releases Inaugural 2023 Impact Report

Retrieved on: 
Wednesday, January 10, 2024

PORTLAND, Ore., Jan. 10, 2024 /PRNewswire/ -- Elevate Capital, the nation's first institutional venture capital fund that specifically targets investments in companies led by underrepresented entrepreneurs including women, BIPOC, LGBTQ+, and those with limited regional access to capital and opportunities, today announced the release of the firm's first 2023 Elevate Capital Impact Report. The report finds that Elevate Capital has achieved significantly stronger returns than traditional venture capital firms since it was founded in 2016. The firm plans to launch Elevate Capital Fund III in early 2024.

Key Points: 
  • Elevate Capital reports significantly higher return percentages than traditional VCs; plans to launch Elevate Capital Fund III in early 2024
    PORTLAND, Ore., Jan. 10, 2024 /PRNewswire/ -- Elevate Capital , the nation's first institutional venture capital fund that specifically targets investments in companies led by underrepresented entrepreneurs including women, BIPOC, LGBTQ+, and those with limited regional access to capital and opportunities, today announced the release of the firm's first 2023 Elevate Capital Impact Report .
  • The report finds that Elevate Capital has achieved significantly stronger returns than traditional venture capital firms since it was founded in 2016.
  • - Nitin Rai, Elevate Capital
    "The steady, significant growth and success we've seen over the years have already created $260 Million in multigenerational wealth for these entrepreneurs and their communities – a goal at the heart of Elevate Capital," said Nitin Rai , Elevate Capital Founder and Managing Partner.
  • "The Elevate Capital fund has additional active companies in its portfolio that we believe will duplicate the existing impact," said Rai.

India Alternative Lending Market Business Report 2023: Market to Grow by 37.1% to Reach $8.83 Billion in 2023 - Forecasts to 2027

Retrieved on: 
Thursday, November 16, 2023

Alternative lending market in India is expected to grow by 37.1% on an annual basis to reach US$ 8.83 billion in 2023.

Key Points: 
  • Alternative lending market in India is expected to grow by 37.1% on an annual basis to reach US$ 8.83 billion in 2023.
  • The alternative lending market in the country will increase from US$ 6.44 billion in 2022 to reach US$ 18.61 billion by 2027.
  • This report provides a detailed data-centric analysis of the alternative lending market covers in-depth market potential and various.
  • The alternative lending market has emerged as one of the fastest-growing fintech sectors in India in 2023.

Customer Journey Management SaaS Startup JourneyTrack Secures $1M Investment from Elevate Capital

Retrieved on: 
Tuesday, October 24, 2023

PORTLAND, Ore., Oct. 24, 2023 /PRNewswire/ -- JourneyTrack Founder and CEO Ania Rodriguez is a self-made Latina woman entrepreneur who turns heads and makes the seemingly impossible happen. With decades of experience, Ania and the JourneyTrack team are leading the way in journey management solutions. "Our mission is to humanize the customer experience," says Ania Rodriguez.

Key Points: 
  • JourneyTrack has pioneered a customer-first, enterprise-grade SaaS experience management platform that prioritizes the customer experience.
  • With decades of experience, Ania and the JourneyTrack team are leading the way in journey management solutions.
  • Elevate Capital is proud to be the lead investor with a $1M investment in JourneyTrack ," says Nitin Rai, Elevate Capital Founder and Managing Partner.
  • In addition to the investment from Elevate Capital, JourneyTrack also received a $500,000 investment through DeepWork Capital , an Orlando, Florida-based early-stage fund and investment manager that also invests in diverse founders through the Florida Opportunity Fund.

Atlys Raises $12 Million in Series A

Retrieved on: 
Thursday, September 21, 2023

Atlys has raised USD 12 million in a Series A round led by Peak XV Partners (formerly Sequoia Capital India) and Elevation Capital.

Key Points: 
  • Atlys has raised USD 12 million in a Series A round led by Peak XV Partners (formerly Sequoia Capital India) and Elevation Capital.
  • Atlys had previously raised a USD 5 million seed round in 2021.
  • Atlys is at the forefront of this shift and offers a world-class experience for travellers across the globe.
  • With Atlys, travellers can easily apply for visas through the digital platform from anywhere in the world and get their visas on time.

CloudMD Announces Leadership Change

Retrieved on: 
Wednesday, June 7, 2023

Prakash Patel, currently the Chief Accounting Officer of Elevation Capital, will join CloudMD as CFO on July 11, 2023.

Key Points: 
  • Prakash Patel, currently the Chief Accounting Officer of Elevation Capital, will join CloudMD as CFO on July 11, 2023.
  • “Our company's continued focus on building financial strength is essential to deliver on our purpose and create long term value for our stakeholders,” said Karen Adams, CEO of CloudMD.
  • “CloudMD is a company that is empowering healthier lives and making a difference in the way people access healthcare.
  • It is a fantastic opportunity to join Karen and the CloudMD team in executing the strategic plan and delivering better health outcomes for hundreds of thousands of people,” said Prakash Patel, incoming CFO of CloudMD.

Southern Company to co-chair diversity-focused clean tech energy innovation fund

Retrieved on: 
Thursday, May 4, 2023

Southern Company was a founding investor in EIP and Chris Womack, current president and CEO-elect of Southern Company, will co-chair Elevate's advisory board.

Key Points: 
  • Southern Company was a founding investor in EIP and Chris Womack, current president and CEO-elect of Southern Company, will co-chair Elevate's advisory board.
  • "Together with EIP, we celebrate the completion of fundraising for the Elevate Future Fund," said Chris Cummiskey, executive vice president and chief commercial solutions officer for Southern Company.
  • Underscoring its commitment to advancing clean energy solutions and workplace diversity, Southern Company and its subsidiaries are actively engaged in collaborations with various companies funded by Elevate, including ChargerHelp!
  • Nicor Gas has piloted Rheaply software, and Georgia Power, Southern Company Gas and Southern Company Services are currently working with Rheaply to implement a similar pilot program in Georgia.

Zomentum now allows partners to import real-time product pricing and availability information to Zomentum from any distributor globally

Retrieved on: 
Tuesday, December 20, 2022

SAN FRANCISCO, Dec. 20, 2022 /PRNewswire-PRWeb/ -- Zomentum, the fastest-growing platform in the partner ecosystem, has launched custom integrations with distributors across the World. With this, partners can bring real-time product pricing and availability information from any distributor to the Zomentum platform.

Key Points: 
  • With this, partners can bring real-time product pricing and availability information from any distributor to the Zomentum platform.
  • Partners now have greater stock availability visibility, helping them make faster and more informed decisions related to customer orders and Requests for Proposals (RFQs).
  • These enhancements help sales teams streamline their communications, reduce the information turnaround time, and respond to clients' and prospects' requests.
  • With real-time pricing and stock availability, the new integration simplifies and expedites sales helping partners save time.

Aleph and ShareChat partner to reach SMB companies across India

Retrieved on: 
Tuesday, November 29, 2022

ShareChat has partnered with Aleph to further grow its sales and expand its markets.

Key Points: 
  • ShareChat has partnered with Aleph to further grow its sales and expand its markets.
  • Through these long-lasting partnerships, Aleph creates the opportunity for all people and businesses to advertise at a local and global level without limits.
  • ShareChat (Mohalla Tech Pvt Ltd), India's largest homegrown social media company, has partnered with Aleph, to further grow its sales and expand its markets.
  • Aleph's brand in India, Httpool by Aleph, will support ShareChat's self-serve ads platform, ShareChat Ads, in reaching mid-market and SMB companies across India.

Sprinto Launches Sprinto Ignite to Simplify Compliance and Fuel Growth for Tech Startups

Retrieved on: 
Thursday, November 17, 2022

Startups are the engine of growth for our global economy, but this growth is at risk as mandatory compliance challenges become increasingly complex and costly, said Girish Redekar, Co-Founder, Sprinto.

Key Points: 
  • Startups are the engine of growth for our global economy, but this growth is at risk as mandatory compliance challenges become increasingly complex and costly, said Girish Redekar, Co-Founder, Sprinto.
  • Sprinto Ignite was conceived knowing that compliance can be a growth lever that gives startups an extra edge, allowing them to scale with consistency, focus and high velocity.
  • Sprinto Ignite is designed to empower startups with a sophisticated compliance strategy at the critical stage when compliance challenges are highest, but time and funds are most limited.
  • Sprinto Ignite solves this challenge for startups by blending its Sprinto compliance automation platform with compliance experts, training modules and auditors in a curated program built for needs of startups at disruptive, startup-friendly prices.