>

Why Elevate Capital: Interviews, Careers, & Portfolio

Find out what makes Elevate Capital a great investment firm for upcoming professional investors
Table of Contents
    Add a header to begin generating the table of contents

    Elevate Capital Overview

    Elevate Capital LLC, headquartered in Hillsboro, Oregon, is a private venture capital firm specializing in early-stage investments in startups.

    Founded in January 2016 by Managing Director Nitin Rai, Elevate Capital focuses particularly on supporting companies led by women, minorities, and veterans.

    The firm manages two main funds:

    The Elevate Capital Fund for early-stage ventures and the Elevate Inclusion Fund dedicated to startups led by women and minority entrepreneurs.

    In January 2016, Elevate Capital was selected by the Portland Development Council (now Prosper Portland) to manage a publicly financed investment fund aimed at fostering diversity within Oregon’s startup ecosystem.

    The firm actively pursues a balanced gender representation, aiming for a 50-50 split between male and female founders in its investment portfolio. In addition, Elevate Capital prioritizes investments in companies with at least one co-founder from a minority background.

    Elevate Capital logo

    Elevate Capital AUM

    According to PR Newswire, Elevate Capital has $60 million in assets under management as of January 2024.

    Elevate Capital Interview Process & Questions

    If you’re interviewing at Elevate Capital (or a similar firm), here’s a typical interview process you might encounter:

    Expect around 4-6 interview rounds, led initially by junior investment professionals or the HR team, with later rounds conducted by more senior staff. Interviews at Elevate Capital usually mix fit, behavioral, and technical/investment-related questions. 

    The entire process typically spans several weeks, unless it’s part of “on-cycle” or “on-campus” recruiting.

    If you’re getting ready for such interviews, my Growth Equity Interview Guide can be a great resource.

    Why Elevate Capital

    “Why this firm?” is not only a frequent but also a crucial interview question.

    If you’ve engaged in networking, it’s a great opportunity to highlight individuals you’ve connected with at the firm and share how they’ve left a distinctly positive impression on you.

    Another effective method to grasp a firm’s ethos is to listen to interviews featuring its founders or investors.

    For example, here’s an interview with Nitin Rai, Founder and Managing Director at Elevate Capital:

    YouTube video

    Elevate Capital Case Study

    During interviews, candidates typically encounter a case study, which serves to evaluate their technical expertise and communication skills.

    At firms such as Elevate Capital, case studies often center around financial modeling and investment recommendations. For junior positions, there may also be a case study involving cold calling.

    If you’re preparing for case studies, consider checking out my Growth Equity Interview Guide course.

    Elevate Capital Salary & Compensation

    Recent salary information specifically for analyst and associate hires at Elevate Capital is not available. However, data from Salary.com suggests that the average estimated salary for employees at Elevate Capital is approximately $93,497 annually. Those in the top 75th percentile earn upwards of $105,941.

    Actual salaries vary based on factors such as job role, department, location, level of education, certifications, and specific skills possessed by the employee.

    Elevate Capital Careers, Jobs, & Internships

    For current job openings at Elevate Capital and similar firms, please visit our job board where we feature available positions at top growth and VC firms.

    Elevate Capital Portfolio & Investments

    According to Crunchbase, Elevate Capital has made 53 investments across four funds. Some of their notable deals include Rock Paper Coin, CarpeDM, and Obatala Sciences.

    Notable Transaction: JourneyTrack

    JourneyTrack is an enterprise-level SaaS platform dedicated to managing and enhancing customer experiences for organizations. It empowers brands to comprehend, optimize, and prioritize customer journeys across various channels, demographics, and global markets.

    The platform enables organizations to develop, govern, and democratize customer personas and comprehensive journeys, leveraging actionable insights to continually enhance customer experiences on a global scale.

    On October 24, 2023, JourneyTrack secured $1.5 million in seed funding to support its growth trajectory. Elevate Capital, headquartered in Portland, led the round with a $1 million investment, while Orlando-based DeepWork Capital contributed $500,000.

    Nitin Rai, Founder and Managing Partner of Elevate Capital, commented, “The business proposition of JourneyTrack stood out, despite initial challenges in securing a lead investor. This is where our fund excels. We stepped forward to lead the investment. JourneyTrack marks our inaugural investment in Miami, Florida, and underscores our commitment to supporting diverse founders in this thriving entrepreneurial ecosystem moving forward.”

    Next Steps

    Do you consider working as a professional investor at Elevate Capital? If so, I would highly suggest checking out my Growth Equity Interview Guide.

    The Growth Equity Interview Guide course covers everything you need to prepare and stand out during interviews. If you need help preparing for case studies, financial modeling, and more – the course got you covered!

    Check it out and start learning today.

    DIVE DEEPER

    The #1 Online Course for Growth Investing Interviews

    Screenshot of course preview

    Get My Best Tips on Growth Equity Recruiting

    Just great content, no spam ever, unsubscribe at any time

    Picture of Mike Hinckley

    Mike Hinckley

    Founder of Growth Equity Interview Guide

    GROWTH STAGE EXPERTISE

    Coached and assisted hundreds of candidates recruiting for growth equity & VC

    • General Atlantic logo     Investor at General Atlantic 
    •      Operator in portfolio at Airbnb 
    • Deutsche Bank logo     I-banker at Deutsche Bank
    • US Treasury Department logo      Advisor in Obama Administration
    • Wharton logo     MBA at Wharton
    Company logo

    FREE RESOURCES

    Get My Best Growth Equity Interview Tips

    No spam ever, unsubscribe anytime