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Elevate Ventures

1 Virginia Avenue, Suite 200, Indianapolis, IN, 46204, United States

Overview

Elevate Ventures nurtures and develops emerging and existing high-potential businesses into high-performing, Indiana-based companies. They accomplish this by providing rigorous business analysis and robust advisory serivces that connect companies with the resources they need to succeed long-term. As a not-for-profit organization, they are able to offer unbiased, in-depth perspective and recommendations. Emerging, high-potential businesses Elevate Ventures seeks out business endeavors that identify a need in the marketplace and are well-positioned to successfully transition from research to product development to market. High-performing, Indiana-based Companies These companies grow local economies and employment throughout Indiana, in addition to attracting and retaining top-level talent for the Hoosier state. Rigorous business analysis Comprehensive due diligence is critical to determining the long-term financial viability of these companies. Robust advisory services Elevate Ventures provides more than just capital, they partner with entrepreneurs, investors and other local and state organizations to ensure the best return on investment. Resources to succeed long-term In addition to financial resources, Elevate addressees other market barriers, which may include management, business development, talent identification and retention, and specific technology development challenges. They don't just write a check and walk away - they help sustain business success and growth over time. Unbiased, in-depth perspective and recommendations With a seasoned staff and a host of proven outside partners, they provide objectivity and insights that are among the best in their profession.

Total investments
91
Lead investments
24
Investments · 12mo
1
Active investors
8

Sector focus

  • Finance
  • Financial Services
  • Venture Capital
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Investment portfolio

  • Ateios

    Participated · Series A · Mar 2026

    Ateios Systems develops RaiCure™, a curing technology for lithium-ion battery electrodes that replaces slow, energy-intensive thermal curing and avoids PFAs. The RaiCure technology was developed in collaboration with Oak Ridge National Laboratory. The company aims to scale its electrode production and supply battery manufacturers at commercial scale by embedding its solution into existing production lines. Ateios has active commercial partnerships with companies including Eastman Kodak and Vianode and plans to use new funding to increase production capacity and manufacturing capabilities. Its recent $7.25M Series A follows earlier support including a million-dollar investment from the TitletownTech Start-up Draft and participation in ORNL’s Innovation Crossroads program.

  • Stellar

    Participated · Seed · Jan 2025

    Stellar helps organizations assess AI readiness, identify high-value use cases, and implement secure, next-generation AI solutions that drive operational efficiency, revenue growth, and improved customer experiences. Its core offering combines expertise in generative AI, large language models, and machine learning with proven implementation frameworks designed for Fortune-level enterprises. The company works across multiple verticals, including financial services, healthcare, life sciences, and technology. Acting as a tech-enabled services partner, Stellar positions itself as an accelerator and enabler, allowing clients to adopt AI safely, effectively, and at speed. Stellar intends to serve as the innovation engine behind BCforward’s AI-led service capability, further extending its market reach. The firm’s growth trajectory is underscored by a recently closed $2.7 million funding round and a new strategic investment from BCforward, though the latter’s financial terms were not disclosed.

  • Nodepay

    Participated · Equity · Dec 2024

    Nodepay operates a decentralized infrastructure that turns idle internet bandwidth into real-time data sources to improve AI model inference. Its network is composed of a global community of privacy-protected nodes whose operators share spare bandwidth and earn rewards, enabling Retrieval Augmented Generation (RAG) workflows. The platform integrates real-time data retrieval, a Web3-focused decentralized answer engine, reinforcement learning to refine model outputs, and gamified human verification. Nodepay says it is preparing to launch on Solana and will continue commercializing its infrastructure for community members and partner AI labs. The company has raised a total of $7 million and plans to use funding to scale commercialization and ecosystem growth. Nodepay already serves over 1.5 million active users worldwide.

  • myBiometry

    Participated · Seed · Nov 2024

    myBiometry is developing fenoTRACK, a portable non-invasive breath test that measures fractional exhaled nitric oxide (FeNO) to detect type 2 airway inflammation in asthma and COPD patients. The company says FeNO data helps identify patients at risk of exacerbations and that FeNO-guided therapy can reduce exacerbation risk by 38–50% in adults and children. myBiometry uses connected monitoring and intelligent diagnostics to detect exacerbations up to 20 days in advance and deliver proactive, actionable data to patients and clinicians. The company is completing development and preparing fenoTRACK for regulatory submission; its products are in development and have not yet been cleared by the FDA. myBiometry raised an oversubscribed $5 million Seed round to advance development and regulatory plans. Headquartered in Massachusetts with operations in Indiana, the company targets a large addressable market of asthma and COPD patients globally.

  • Your Money Line

    Participated · Series A · Aug 2024

    Your Money Line offers financial coaching as an employee benefit, pairing AI-powered software with empathetic live coaches to guide participants toward financial stability and confidence. The company serves hundreds of businesses, schools, and hospital systems to improve employee wellness, engagement, and retention. Led by founder and CEO Peter Dunn, the business positions its solution as a workplace benefit to support employees. The company intends to use new funding to accelerate development of its financial wellness solution. The fundraising and board additions signal investor confidence in its product and go-to-market approach. The company is based in Indianapolis, IN. Your Money Line (YML) provides a corporate financial wellness SaaS that connects employees and their families to one-on-one Certified Financial Planners® and Accredited Financial Counselors®, personalized action plans, and an interactive dashboard with dynamic graphs and charts. The platform includes hundreds of hours of e-learning webinars, courses, blogs and articles and offers 24/7 support via phone, email and chat. YML serves a client base of hundreds of organizations nationwide, including The University of Chicago, UT Health (University of Texas), Arapahoe County (CO), Pacers Sports and Entertainment, and Wayne Township (IN). The company emphasizes that it will not sell participants financial services products. YML has recently strengthened its leadership with hires of tech executives Matt Lubbers, Molly Fohrer and Doug Collins, and added Aman Brar to its board. The company plans to use new capital to invest in its software, marketing and distribution team, and the infrastructure needed to support its growing SaaS business.

Team

  • Christopher Day

    CEO

    LinkedIn
  • Ting Gootee

    Founding Member & Chief Investment Officer

    LinkedIn
  • Barbara Uggen

    Chief Financial Officer

    LinkedIn
  • La’Toya Howard

    Accountant