Elevate Southwest Indiana 2022 Annual Report

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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

ZeroCarb LYFE’s primary focus in 2022 was scaling and growing our new and current customer base in both retail and direct-toconsumer channels. This allowed us to resource the right departments and projects and forced us to make creative decisions to achieve this goal.

It’s an exciting time to be in Indiana. The amount of support and resources the state offers companies is above and beyond what other states offer.

$2.9M $11.9 M

59 PEOPLE $73K

Since the start of the Southwest Indiana partnership, Elevate has invested a total of through 19 transactions throughout the region leveraging an additional from additional outside capital sources. Companies that received investment from Elevate employ a total of have a combined average salary of and have an estimated total annual payroll of $4.3M.

2022 REPORT

HIGHLIGHTS FROM 2022

Winning this competition has provided us the exposure to the Indiana startup ecosystem and also the resources to take Laxis to the next level. We are now well-equipped to accelerate our growth and create impact in our community!

BOARD MEMBERS

CARL CHAPMAN Retired

GREG FOLZ Research Institute of Deaconess Clinic

BOB MYER Board Chair

JENNA RICHARDT EREP

MARK SCHROEDER

German American

ERIC STEELE Elevate Ventures

GREG WATHEN

Retired

Hosted a regional pitch competition with close to

100 Attendees

Funded two Nexus Pitch Competition Winners totaling $100K

and one community ideation fund totaling $20K

Finalized an investment in

Zero Carb Life

and committed additional follow-on dollars before year end.

Scan the QR Code to learn why Indiana is primed to be the Innovation Capital of the World™

2022 REPORT
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