Committed Beyond Capital Committed Beyond Capital

We are the #1 most active early-stage VC in the Great Lakes Region and top 10 in the United States. We invest in high-potential, cross-sector innovation companies.

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Elevate Ventures

Ravi Bhatt

Folia
Software

Alli Truttmann

Wicked Sheets
Life Science

We provide funding and guidance for entrepreneurs at every stage.

Pre-Seed

Critical Initial Capital for Innovation-Driven Entrepreneurs

Founders we partner with:

  • Exhibit grit, creativity and coachability
  • Have a clean legal and financial structure
  • Are building clear solutions to real pain points

Elevate:

  • Sources founders with great ideas
  • Validates pain point and proposed solution
  • Provides initial guidance to obtain capital

Seed

Funding Founder-Led Sales

Founders we partner with:

  • Exhibit relentless selling of initial product [or clear regulatory roadmap]
  • Have secured sales and technical talent
  • Have established a clean legal and financial structure

Elevate:

  • Invests in founders selling MVP’s
  • Advises on financial and legal structure
  • Introduces founders to key partners

Series A

Powering Product Market Fit

Founders we partner with:

  • Have achieved product market fit
  • Have an established and clear go-to-market strategy
  • Have secured key personnel

Elevate:

  • Has a deep understanding of unit economics
  • Assists with talent recruitment
  • Provides value-add BOD member or observer

Featured Insights

  • Independent Audit Clears Elevate Ventures

    The audit, conducted by FTI Consulting, found no evidence of illegal activity by Elevate Ventures, affirming their role as a high-performing partner in Indiana’s innovation economy.

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  • Elevate Ventures 2025 Annual Report

    We stand today at a critical inflection point for the State of Indiana. For over 15 years, across four administrations, Indiana has collectively built an economic engine that transformed us from a flyover state to a destination for innovation.

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  • 2026 Venture Report: Crossing The Tilt

    We are in what we've coined The Great Tilt: a period where productivity gains are accelerating faster than society's ability to absorb them. Technology is compounding quickly, but institutions, skills, and personal certainty lag behind. Output rises, metrics look strong, yet consumer sentiment sits below the hard data.

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Innovation Capital of the World®

Innovation Capital of the World®

Why Indiana

We have the right ingredients to make our state the ideal place to start and scale your business.

Just a few recent rankings.

Why Indiana?

Infrastructure

  • #1 Best Airport in North America
  • #1 Best Infrastructure
  • Top 4 State in Clean Energy Capacity in Development

Talent

  • #1 Largest Medical School
  • #1 Most Innovative School in the Midwest
  • #1 Agricultural & Biological Engineering School

Mission Critical Industries

  • #1 Orthopedics Capital of the World
  • #2 Worldwide Exporter of Life Sciences
  • #1 Advanced Manufacturing Jobs

Technology

  • #1 Best Place to Start a Tech Company
  • #2 Best Place to Start a Business
  • Two Top 25 Best Cities to Start a Business

Lifestyle

  • #1 Best Children’s Museum in the US
  • #1 Best Place to Live
  • Racing Capital of the World

Cost of Living

  • #1 Best Market for First-Time Home Buyers
  • #1 Best Place for Renters
  • #1 Most Affordable Cities

Regulatory Environment

  • #1 Regulatory Environment
  • 3.2% Personal Income Tax Rate
  • 4.9% Corporate Tax Rate

We invest in cross-sector innovation-driven enterprises through our core pillars of Community, Capital and Acceleration.

As the #1 seed and early-stage venture capital firm in the Great Lakes Region and Top 20 in the World, we are building a robust innovation ecosystem with companies, customers and mission-critical partners that fuel founders.

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