The Venture Codex Logo

The Venture Codex

Elevate Capital

6723 NE Bennett Street, Suite 200, Hillsboro, OR, 97124, United States

Overview

Elevate Capital is a seed and early-stage investment firm with a primary focus in the Pacific Northwest and investing in under-represented founders. Elevate proudly maintains a 50/50 male/female founder split among its invested portfolio and has 100% of its investments where at least one co-founder is from a minority group (East Indian, Veterans, East Asian, African American, Latino, and etc.).

Total investments
24
Lead investments
11
Investments · 12mo
2
Active investors
6

Sector focus

  • Business Development
  • Finance
  • Financial Services
Visit website

Investment portfolio

  • Elevate Capital

    Led · Equity · Jan 2026

    Elevate Capital is a venture capital firm chosen by Business Oregon to manage the venture component of the federally funded State Small Business Credit Initiative (SSBCI). Through its new Venture Direct program, the firm channels public capital—paired with matching private investment—into promising early-stage companies headquartered or operating in Oregon. Elevate previously oversaw Oregon’s Innovation Gap Funds I & II and leverages deep ties to the local startup ecosystem to identify high-potential founders. Its mission centers on expanding access to capital for diverse and traditionally underserved entrepreneurs while strengthening the state’s innovation economy. In its first Venture Direct deployment, the firm invested $1.6 million across five startups: Overwatch Imaging, CleanHaus, PortalSphere, StrateSea, and Osheru. Individual check sizes ranged from $250,000 to $500,000. Founders can apply for future funding rounds directly through Elevate’s website, indicating an open pipeline for additional SSBCI-backed investments.

  • Healthplus.ai

    Led · Seed · Nov 2025

    Founded in 2017, Amsterdam-based Healthplus.ai develops PERISCOPE, an ISO- and CE-certified AI platform that analyzes electronic health record data to forecast each patient’s likelihood of post-operative infection. By alerting clinical teams early, the software supports timelier interventions, shorter recoveries, and lower complication-related expenses. The technology integrates directly with hospital systems and adapts to local patient populations, enabling deployment across the Netherlands, Belgium, Denmark, and the UK, with pilots already running in the United States. Management intends to broaden PERISCOPE’s predictive models to cover additional perioperative risks and complication types. Near-term priorities include earning FDA clearance and deepening integrations with leading EHR vendors such as Epic, Cerner, and ChipSoft. The company positions its product as a tool to ease clinical workloads, curb antibiotic overuse, and strengthen hospital efficiency, though no revenue or user figures were disclosed.

  • JourneyTrack

    Led · Equity · Oct 2023

    JourneyTrack, led by founder and CEO Ania Rodriguez and based in Miami, Florida, provides an enterprise-grade SaaS experience management platform for building, governing, and democratizing personas and end-to-end customer journeys. The platform harnesses actionable insights and benchmarking to help brands optimize and prioritize customer experiences over time. JourneyTrack’s solution is designed for global deployment across organizations seeking to deliver ideal customer experiences. The company recently raised funding to support its growth. It intends to use the proceeds to expand operations and accelerate product development. The articles did not disclose operating metrics such as revenue or user counts.

  • PredictionStrike

    Participated · Series A · Sep 2023

    PredictionStrike, founded in 2019 by Deven Hurt and Brad Chabra, operates an online marketplace where users buy virtual shares of athletes across the NFL, NBA, MLB and UFC. Share prices are set by an in-house algorithm that incorporates player performance and trading demand, and the product is modeled after a stock market. The company has processed $60 million in transactions and reports more than 175,000 users, up from $15 million in transactions and 100,000 users a year earlier. PredictionStrike generates most revenue via a 2.5% transaction fee and offers a subscription tier with lower fees and additional perks; it also aims to sell aggregated data on athlete popularity and trading patterns in the future. The team has been investing raised capital into product development and outside hires, and Hurt has led the company while completing Harvard Law School. PredictionStrike is available in about 40 states but has faced regulatory scrutiny, including an Ohio investigation and a cease-and-desist letter from New Jersey; the company says it operates as a “game of skill” and will apply for licenses where required. PredictionStrike operates a live marketplace that lets fans buy and sell virtual shares of athletes, with prices driven by real-world performance and user demand. The platform functions like a stock market—each game acts like an earnings report—and supports portfolios, trading, and social engagement features. The company plans to launch a premium membership in fall 2022 that will add social features (friends, leaderboards, reward-based referrals) and advanced trading tools. PredictionStrike is adding new sports ahead of major seasons, starting with soccer and followed by women’s basketball, tennis, and golf. The team has partnered with athletes and agencies (notably VaynerSports for MMA) to produce content and drive engagement. Since the return of sports after 2020 the company has processed over $15M in transactions and grown to more than 100K users. PredictionStrike operates a performance-based sports trading platform that lets users buy, sell, and trade virtual shares of professional athletes using real money. The platform functions like a live stock market, enabling users to build portfolios and trade in a live market where share prices react to players' real-world performance and fan demand. Prices update with each game or match, which the company compares to earnings reports. PredictionStrike also plans to leverage its data analytics to provide real-time fan-intelligence insights to athletes, agents, retailers, ticket sellers, and others in the sports business. The company intends to use new funding to expand its team, further build out its technology, and increase marketing to attract new users. Since the return of sports after the 2020 COVID-19 hiatus, PredictionStrike has completed over $3M in transactions. The platform was co-founded by Deven Hurt and Brad Chabra and is based in New York City.

  • Rock Paper Coin

    Led · Equity · Oct 2022

    Rock Paper Coin (RPC) is a Portland, OR–based software-as-a-service company offering a suite of digital contracts, invoicing, and document-sharing tools for the wedding industry. The platform brings event planners, couples, and vendors into one system to manage contracts, pay invoices, and share documents, enabling event professionals to manage the backend of their businesses. Led by CEO Elizabeth Sheils and COO Nora Sheils, RPC positions itself as a financial solution to help businesses book more clients. The company reported revenue growth of 250% from 2021 to 2022 and plans to continue growing and scaling in 2023. To support expansion, RPC expects to hire additional employees and build on the team’s expertise in the wedding industry. The company aims to gain increased market share in the wedding services market, which is expected to reach $414.2 billion by 2030. Rock Paper Coin builds software to digitize contracts, invoices, payments and communications for wedding planners, couples and vendors, functioning as a “wedding binder” with budgeting tools. The platform supports three-way communication between the event planner, the couple and vendors and aims to automate the full wedding process. The company processed more than $1.8 million in transactions, serves nearly 1,000 businesses, employs 10 people, and is a two-year-old Portland, Ore.-based startup. During the pandemic thousands of weddings were postponed, causing transactions to lag even as new user sign-ups surged. Management says the company is freshly out of beta and expects the events industry to rebound by 2022. Rock Paper Coin plans to capture market share as weddings return to normal levels and to expand the product into non-wedding events and vendor services. Rock Paper Coin is a Portland, Ore.-based startup founded in 2018 that provides a digital project binder for weddings, combining contract management, payments, budgeting and collaboration. The platform supports three-way communication among event planners, couples and vendors, allowing planners (with permission) to review, approve contracts and make payments on behalf of clients. The product is currently offered as a free beta and the company employs an account manager who conducts in-person onboarding to help small and medium-sized vendors adopt the system. Founders Elizabeth and Nora Sheils bring 29 years of combined wedding and event experience and built the product after working at Bridal Bliss. The company has six employees and initially bootstrapped before taking external capital. Rock Paper Coin plans to begin offering subscriptions to event planners and vendors next year and to expand features into workflow management for planners.

Team