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Elevate Capital Receives Investment From Bank Of America'S $1.25B Commitment To Advance Racial Equality

Apr 20, 2021•over 4 years ago
Portland

Description

Elevate Capital announced today a substantial investment in Fund II by Bank of America as part of Bank of America's $1.25 billion commitment to advance racial equality and economic opportunity. Elevate will invest this capital to enhance its efforts to support underserved minority and women entrepreneurs with early-stage funding.

Company Information

Company

Elevate Capital

Location

Portland, Oregon, United States

About

Elevate Capital is a Pacific Northwest-based venture capital firm that invests in early-stage underrepresented entrepreneurs, including women and minorities, including communities of color, veterans, and entrepreneurs located in underserved areas. Since 2016, Elevate Capital has invested $10 million in 29 startups of which 80 percent were led by diverse founders. In January 2021, Elevate Capital launched Fund II to expand its mission of inclusive investing, and to date has raised more than $30 million of the $40 million total. For more information, visit elevate.vc or follow Elevate Capital on Twitter, Facebook, and LinkedIn.