Annual Report 2012

Page 17

Elevate staff member attends the South Bend Economic Summit Tim Braun, one of the Entrepreneurs-In-Residence in the North Central Indiana** region, participates as a panelist at the South Bend Economic Summit, an event that attracted over 200 community members in the North Central region to discuss how to grow the economy and break down barriers.

CloudOne, a provider of cloud computing software, announces $1.7 Million Series B* round of venture funding In late June, CloudOne announced the completion of their Series B Funding Round*, which included an

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$825,000 commitment* from Elevate Ventures out of the 21st Century and Technology Research Fund* and its Indiana Angel Network Fund*. Other

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investors, including former Colts players Ryan Diem and Jeff Saturday, also committed to the round for a total raise of $1.7 million. CloudOne received significant assistance from Elevate Ventures staff, whose members have provided

Third article in entrepreneurship series features more Elevate clients

technical guidance and business

The Elkhart Truth publishes their third article in the region’s series on entrepreneurship in North Central Indiana**, featuring two of Elevate’s clients in the life sciences industry; LightSprite, located in South Bend, IN, and EnPak, located in Warsaw, IN.

Ventures Entrepreneur-In-Residence*,

advice, allowing the CloudOne team to sharpen their leadership and further develop their financial functions and proformas. CloudOne has also recently added Tom Kilcoyne, former Elevate to their team to provide further direction for the company moving forward.

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