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
In 2022, Elevate invested a total of
$1.9M
through sixteen transactions in South Central Indiana companies leveraging an additional
$9.1M from additional outside capital sources. When combined with previous years, Elevate has invested a total of
$4.8M $23.8M
and leveraged a total
Leading a business trying to improve a technical aspect of a particular niche use of new technologies, I feel qualified to say that we live in an immensely complicated world. I spend life in a continuous battle between my time and the necessary, complicated work of realizing my vision for Perpetua. Support from Elevate and gBETA shifted the tides of that battle in a major way. With our seed money and lots of creativity, we scratched out an edge with state-of-the-art capabilities that seemed an insurmountable hurdle at the start of 2022. Without their support, we’d be losing that battle. ERIC SILVER, FOUNDER / CEO
Perpetua Technologies COLUMBUS
since 2011.
Companies that received investment from Elevate employ a total of
101 PEOPLE have a combined average salary of
$67K
and have an estimated total annual payroll of $6.72 M.