2022 REPORT Powered By Elevate Ventures
COMMUNITY. CAPITAL. ACCELERATION. As the most active venture capital firm in the Great Lakes region since 2017, Elevate experienced another record-breaking year in 2022 with 128 transactions totaling $22.8M. One of our goals is for Elevate Ventures to be seen as an investor that not only provides critical capital for new company starts, but also attracts talent, increases jobs and adds post-investment value to grow more billion-dollar brands in Indiana. This goal goes hand in hand with Indiana’s potential to become the Innovation Capital of the World™. To drive our state closer to this vision, Elevate Ventures is focused on three areas: • Community: Build Collaborative Communities • Capital: Invest in High-Potential Companies • Acceleration: Provide World-Class Go-To-Market Value
Venture funding has been huge for VitalView. We raised $1.6M in our first seed round in 2021, so in 2022 we were able to partner with a large, reputable research organization to gain a human proof of concept for our healthmonitoring technology. Now we’re preparing to raise an even larger funding round to take the company to the next level. That initial funding made this progress possible. One of the things that excites me about being in Indiana is what the future holds. Healthcare, life sciences and manufacturing are high-impact sectors in Indiana’s GDP. This aligns very well with a lot of the underlying technology that startups can be formed around, whether they come out of Notre Dame or elsewhere. RAY FRASER, CO-FOUNDER / CEO
VitalView
SOUTH BEND
In 2022, Elevate invested a total of
$2.1M
through 21 transactions in North Central Indiana companies leveraging an additional
$12.9M from additional outside capital sources. When combined with previous years, Elevate has invested a total of
$12.5M $79.2M
and leveraged a total
since 2011.
Companies that received investment from Elevate employ a total of
568 PEOPLE
have a combined average salary of
$88K
and have an estimated total annual payroll of $49.7M.