Private Equity

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Levitate Capital

Levitate Capital is a San Francisco-based asset manager focused on seed-stage technology investments in the Bay Area.

Levitate Capital logo

Levitate Capital

Levitate Capital invests in transportation mobility technologies and supporting systems, with a focus on aviation. The firm has made 13 investments, including a Series A investment in Elroy Air on November 15, 2024. Levitate Capital has 2 portfolio exits, with Swoop Aero exiting on March 27, 2025.

General information

Firm type

Private Equity

Year founded

AUM

Undisclosed

Location

Region

North America

Country

United States

City

San Francisco

Corporate office

San Francisco, CA, United States

Frequently asked questions

What investment stage does Levitate Capital target?

Levitate Capital focuses on early-stage investments, specifically the seed stage. This places the firm at the point where companies are typically moving from angel funding to their first institutional round, prior to Series A. The firm's mandate is concentrated on this single entry point rather than spanning multiple stages from pre-seed to growth.

How is Levitate Capital structured as an investment firm?

Levitate Capital is structured as a private equity asset manager rather than a single-family office or a multi-family office. The firm raises external capital to deploy into its seed-stage strategy. Its specific fund structure — whether it operates a blind-pool venture fund, a series of special purpose vehicles, or a rolling capital vehicle — has not been publicly detailed.

Does Levitate Capital lead seed rounds or participate as a co-investor?

The firm's posture on leading versus following in seed rounds has not been publicly specified. Early-stage managers in the San Francisco market often lead rounds to secure allocation and board representation, but Levitate Capital's specific check size, ownership targets, and syndication practices are not disclosed in public record.

Which sectors does Levitate Capital invest in?

Levitate Capital's stated sector focus is not publicly enumerated. As a Bay Area-based seed-stage firm, its deal flow likely trends toward technology sectors — such as enterprise software, AI/ML, fintech, and digital health — consistent with the local origination environment. However, explicit sector mandates or exclusions have not been published by the firm.

Where does Levitate Capital source its deal flow?

Levitate Capital's sourcing model has not been publicly described. Seed-stage firms in San Francisco typically rely on founder referrals, accelerator networks such as Y Combinator, and co-investor relationships with other early-stage managers. Without disclosed portfolio companies or named principals, the specific architecture of Levitate Capital's origination pipeline remains opaque.

Who runs investment decisions at Levitate Capital?

The principals and investment committee members at Levitate Capital have not been publicly identified. For allocators conducting due diligence on an early-stage manager, the track record, network, and decision rights of named individuals are typically material — and the absence of this disclosure represents an information gap in the public record.

How large is Levitate Capital's fund or total deployment?

Levitate Capital has not publicly disclosed its assets under management, fund size, or total capital deployed. Without a named fund vehicle or regulatory filing that states a number, the firm's scale cannot be verified from available sources. This is not uncommon for early-stage managers that operate below the thresholds that trigger public securities filings.

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