Inclusive Startup Fund
Portland-based Elevate Capital has been selected by an expert Advisory Committee as the management team for the newly created Inclusive Startup Fund.
The Elevate Capital team includes Managing Director Nitin Rai, along with Stephen Green (Community Relations), Robin Jones Maloney (Venture Advisor) and Eric Boothe (Venture Associate). Collectively, the team has over 30 years of professional experience and has led investments in dozens of startups.
The fund provides early-stage investment capital and mentoring to local high-growth companies founded by underrepresented groups across a variety of industries. The Portland Development Commission and Multnomah County each contributed $500,000 and Oregon Governor Kate Brown and Business Oregon committed $250,000 to launch the fund last year.
The Advisory Committee consisted of the following members: Gustavo Cruz-Chair (Ater Wynne; PDC Commission); Diane Fraiman (Voyager Capital); Nita Shaw (Micro Enterprise Services of Oregon); Ana Andueza (Angel Oregon); Jason Gershenson (White Summers); Rick Turoczy (Portland Incubator Experiment); Monica Enand (Zapproved; Oregon Growth Board); Paula Hayes (Hue Noir).
1/12/16: Portland-based Elevate Capital to manage Inclusive Startup Fund
8/19/15: PDC, Multnomah County, and State of Oregon Commit $1.25M to Inclusive Startup Fund; Kick Off Search for Fund Manager