# Elevate Ventures

Elevate Ventures is a Venture Capital based in Indianapolis, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Indianapolis, United States
- **Region:** North America
- **Address:** Indianapolis, IN, United States
- **Founded:** 2011
- **Assets under management:** $222 million (per the firm)
- **Website:** www.elevateventures.com
- **LinkedIn:** https://www.linkedin.com/company/elevateventuresgroup

## Regulatory record

- **Reports private funds:** No

## About

Elevate Ventures is an early-stage venture capital firm and the #1 most active early-stage VC in the Great Lakes Region and top 10 in the United States. It invests in high-potential, cross-sector innovation companies and provides funding and guidance for entrepreneurs at Pre-Seed, Seed, and Series A stages. It invests in cross-sector innovation-driven enterprises through core pillars of Community, Capital and Acceleration.

## Sectors

- Enterprise Software
- Life Sciences
- HardTech
- AgriTech & FoodTech
- Digital Health

## People

- Toph Day — CEO
- Matt Tyner — Managing Partner
- Myles Grote — Partner
- Jacob Schpok — Partner and Head of Platform

## Questions

### Who runs investment decisions at Elevate Ventures?

CEO Toph Day and Managing Partner Matt Tyner lead the investment team, alongside sector-focused Vice Presidents including Cy Megnin for software, Makenzie Norris for life sciences, and Nicholas Kuhn for hardtech. The firm's investment committee structure is not publicly detailed, but these named officers serve as the visible front-line decision-makers on deal evaluation and portfolio management.

### Does Elevate Ventures participate in fund commitments or only direct deals?

Elevate's disclosed investment activity focuses on direct investments into early-stage companies through equity and convertible notes, with no public indication of making LP commitments into external funds. Its cooperative syndication model, however, means it routinely invites co-investors into its rounds and shares due diligence, functioning as a de facto deal-by-deal partner to other institutional investors.

### What investment stages does Elevate Ventures typically target?

Elevate targets the full early-stage spectrum: pre-seed, seed, and Series A. Its pre-seed program sources founders pre-product and provides initial capital and validation, while seed investments support founders actively selling a minimum viable product, and Series A checks go to companies that have achieved product-market fit with clear go-to-market strategies.

### How is Elevate Ventures related to the State of Indiana?

Elevate was founded as a spinout from the Indiana Economic Development Corporation in 2011 under Governor Mitch Daniels, and it remains legally separate but deeply embedded in Indiana's innovation ecosystem. The firm works across multiple gubernatorial administrations and cooperates with state economic development bodies, but it is not a state agency — it operates as an independent venture capital firm using this public heritage to drive regional deal flow.

### What is Elevate Ventures' posture on co-investments?

Elevate actively syndicates and shares due diligence with a network of external co-investors, a practice it describes as part of its collaborative DNA. The firm will introduce its portfolio companies to other investors with founder consent, functioning more like a networked regional anchor than a gatekeeper that restricts access to its deals.

## Related profiles

- [Elevate Music](https://altss.com/profile/elevate-music)
- [Elevation Capital](https://altss.com/profile/elevation-capital)

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Last updated: 2026-08-11T15:06:42.396Z

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