# Elefund: portfolio, investments and team

> Elefund is a vc firm based in United States. 6 investments on record, latest Sept 2024. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/elefund (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Elefund

Last cheque observed Sep 2024. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Email

VC firm Quiet Last fund $20M, May 2023

Pre-seed Seed Series A Satellites Wellbeing Api

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Cheques on record

**0%** of best year **0** **cheques in 12 months**, 6 on record

Since the last cheque **766** days **00** hrs **00** min **00** sec

Median round **$15M** Rounds led **0 of 6** Mostly in **United States, 83%**

Pitch Elefund

## Elefund highlights

- 01 6 rounds on record
- 02 Mostly Series A and Series B: 100% of its rounds

## What they do

> Elefund – Venture Capital Firm – Investing in Pre-seed, Seed, and Series A From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Pre-seed Seed Series A Series B Growth
- **Sectors:** Satellites Wellbeing Api
- **Based in:** Mountain View, United States
- **Cold pitches:** Accepted

## The record

Every round we can evidence, newest first **6 appearances**

- **2024** 1 round
- **Sept** **[Harmonic](https://millionrounds.com/company/harmonic)** Series A · US · AlleyWatch **$75M** With 9 others
- **2019** 3 rounds
- **Sept** **[Fidel](https://millionrounds.com/company/fidel)** Series A · GB · FinSMEs **$18M** With 8 others
- **Jul** **[Secfi](https://millionrounds.com/company/secfi)** Series A · US · FinSMEs **$6.0M** With 9 others
- **Mar** **[Pie Insurance](https://millionrounds.com/company/pie-insurance)** Series B · US · FinSMEs **$45M** With 5 others
- **2018** 2 rounds
- **Aug** **[Pie Insurace](https://millionrounds.com/company/pie-insurace)** Series A · US · FinSMEs **$11M** With 3 others
- **Aug** **[Radar Relay](https://millionrounds.com/company/radar-relay)** Series A · US · Coindesk **$10M** With 16 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **5 named**

DM **David Mavashev** Managing Member of Elefund GP I, LLC i Form ADV

HN **Ha Nguyen** Chief Financial Officer of Elefund Management Company, LLC i Form ADV

NR **Nate Rodland** Managing Member i Filing they signed

NR **Nathan Richard Rodland** Managing Member of Elefund GP II, LLC i Form ADV

SK **Serik Kaldykulov** Managing Member of the General Partner i Filing they signed

We also hold **7** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$170M** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Elefund Management Company, LLC
- **SEC number:** CRD 289501

## What they claim to have backed

From their own portfolio page (on their website)

**0** of 1 we have independently watched raise

Branded by Brand Fit

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

Latest fund on file

**$20M**

raised in May 2023

From its SEC filing. Nothing newer is on file yet.

## The cheque

Pre-seed Seed Series A

Median round joined **$15M** the round, not its cheque

Led 0 of 6 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** Sept 2024

Rounds by stage said on their site

- Series A said *5*
- Series B said *1*
- Pre-seed said *-*
- Seed said *-*
- Growth said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [Moxley Holdings](https://millionrounds.com/fund/moxley-holdings) 2
- [Sirius Group](https://millionrounds.com/fund/sirius-group) 2

**Pitching Elefund?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Elefund. A count of rooms they were both in, not a relationship either has claimed.

[**Moxley Holdings** VC firm **2** rounds together](https://millionrounds.com/fund/moxley-holdings)[**Sirius Group** Investment firm **2** rounds together](https://millionrounds.com/fund/sirius-group)

## Recently backed

The latest companies Elefund put money into.

[**Harmonic** $75M · Sept 2024](https://millionrounds.com/company/harmonic)[**Secfi** $6.0M · Jul 2019](https://millionrounds.com/company/secfi)[**Pie Insurance** $45M · Mar 2019](https://millionrounds.com/company/pie-insurance)

## Quick answers about Elefund

### What does Elefund invest in?

Elefund invests most often at Series A and Series B (100% of the rounds on record), in sectors such as Satellites, Wellbeing and Api.

### How active is Elefund?

6 investments on record, 0 of them in the last 12 months. The most recent was in Sept 2024.

### What has Elefund invested in recently?

Its most recent investments on record: Harmonic (Series A, Sept 2024), Fidel (Series A, Sept 2019) and Secfi (Series A, Jul 2019).

### How big are Elefund's cheques?

The median round it joins is $15M.

### Does Elefund lead rounds?

Rarely, if at all: none of its 6 investments on record names it as the lead.

### Where does Elefund invest?

Most of the companies it backs are in the United States (83%) and the United Kingdom (17%).

### Is Elefund investing now?

No investments in the last 12 months; the latest was in Sept 2024.

### Who does Elefund invest alongside?

Most often Moxley Holdings (2 rounds together) and Sirius Group (2 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=elefund) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=elefund)
