# Elevate Ventures: portfolio, investments and team

> Elevate Ventures is a vc firm based in Hong Kong SAR China. 122 investments on record, 8 in the last 12 months, latest Sept 2026.

Source: https://millionrounds.com/fund/elevate-ventures-3 (Millionrounds; every figure on the page links to its filing or article)

Hong Kong SAR China · [Investor](https://millionrounds.com/investors)

# Elevate Ventures

Last cheque observed Sep 2026; 122 cheques on record.

Deploying now New fund $50K, Jan 2021 VC firm Website unconfirmed

Seed Series A AI Robotics IoT

Deploying now

**29%** of best year **8** **cheques in 12 months**, 122 on record

Since the last cheque **55** days **00** hrs **00** min **00** sec

Median round **$1.5M** Rounds led **1 of 122** Sole investor **37 rounds** Mostly in **United States, 100%**

Pitch Elevate Ventures

## Elevate Ventures highlights

- 01 8 cheques in the last 12 months
- 02 Mostly Seed and Venture: 74% of its rounds
- 03 Sole investor in 37 rounds, median $1.1M

## What they do

- **Type:** VC firm
- **Cheque size:** Not stated
- **Stages:** Seed Series A
- **Sectors:** AI Robotics IoT
- **Based in:** Hong Kong SAR China
- **Cold pitches:** Not stated

A website was listed for this organisation, but we could not confirm it belongs to the firm that wrote these cheques. Either the site never mentions them, or it turned out to be a different company sharing the name. We show neither it nor anything read from it. [Tell us the right one](https://millionrounds.com/corrections?slug=elevate-ventures-3).

## The record

Every round we can evidence, newest first **122 appearances**

- **2026** 6 rounds
- **Sept** **[Overfuel](https://millionrounds.com/company/overfuel)** Venture · US **$6.0M** With 1 other
- **Apr** **[Wave Therapeutics](https://millionrounds.com/company/wave-therapeutics)** Venture · US **$293K** With 1 other
- **Apr** **[Neurava](https://millionrounds.com/company/neurava)** Grant · US **$4.0M** With 2 others
- **Mar** **[Yourco](https://millionrounds.com/company/yourco)** Series A · US **$6.0M** With 2 others
- **Feb** **[Traction](https://millionrounds.com/company/traction)** Venture · US **$2.0M** With 1 other
- **Feb** **[ZeroCarb LYFE](https://millionrounds.com/company/zerocarb-lyfe)** Seed · US **$213K** Sole investor
- **2025** 19 rounds
- **Dec** **[Biometry](https://millionrounds.com/company/biometry)** Seed · US **$2.2M** With 2 others
- **Dec** **[Novilytic](https://millionrounds.com/company/novilytic)** Venture · US **$531K** Sole investor
- **Oct** **[Overfuel](https://millionrounds.com/company/overfuel)** Venture · US **Undisclosed** With 1 other
- **Oct** **[Neurava](https://millionrounds.com/company/neurava)** Venture · US **$1.6M** With 2 others
- **Sept** **[Insignum AgTech](https://millionrounds.com/company/insignum-agtech)** Seed · US **$2.4M** With 2 others
- **Jul** **[Contango](https://millionrounds.com/company/contango)** Seed · US **$1.3M** Sole investor
- **Jul** **[FloVision Solutions](https://millionrounds.com/company/flovision-solutions)** Series A · US **$8.7M** With 5 others
- **Jul** **[BiomEdit](https://millionrounds.com/company/biomedit)** Series B · US **$18M** With 1 other
- **Jun** **[Amplified Sciences](https://millionrounds.com/company/amplified-sciences)** Venture · US **Undisclosed** With 2 others
- **May** **[Stamus Networks](https://millionrounds.com/company/stamus-networks)** Venture · US **$530K** Sole investor
- **May** **[EatHereAE](https://millionrounds.com/company/eathereae)** Pre-seed · US **$25K** Sole investor
- **May** **[Stamus Networks](https://millionrounds.com/company/stamus-networks)** Venture · US **$2.9M** Sole investor
- **Apr** **[Quarion Technology](https://millionrounds.com/company/quarion-technology)** Seed · US **$923K** Sole investor
- **Apr** **[Vsimple](https://millionrounds.com/company/vsimple)** Series A · US **$7.0M** With 2 others
- **Apr** **[GRAIN Ecosystem](https://millionrounds.com/company/grain-ecosystem)** Seed · US **$880K** With 1 other
- **Feb** **[Ekkobar](https://millionrounds.com/company/ekkobar)** Seed · US **$50K** Sole investor
- **Jan** **[Toolsey](https://millionrounds.com/company/toolsey)** Pre-seed · US **$150K** Sole investor
- **Jan** **[Stellar](https://millionrounds.com/company/stellar)** Seed · US **$2.7M** Sole investor
- **Jan** **[Plan Forward](https://millionrounds.com/company/plan-forward)** Seed · US **$864K** With 1 other
- **2024** 23 rounds
- **Dec** **[Adipo Therapeutics](https://millionrounds.com/company/adipo-therapeutics)** Venture · US **$4.7M** Sole investor
- **Nov** **[Heliponix](https://millionrounds.com/company/heliponix)** Grant · US **$175K** With 2 others
- **Nov** **[Amplified Sciences](https://millionrounds.com/company/amplified-sciences)** Seed · US **$2.6M** With 2 others
- **Nov** **[Wave Therapeutics](https://millionrounds.com/company/wave-therapeutics)** Venture · US **Undisclosed** With 1 other
- **Nov** **[Biometry](https://millionrounds.com/company/biometry)** Seed · US **$5.0M** With 2 others
- **Oct** **[AfterSchool HQ](https://millionrounds.com/company/afterschool-hq)** Venture · US **$1.1M** With 1 other
- **Oct** **[TitleWise](https://millionrounds.com/company/titlewise)** Seed · US **$250K** With 2 others
- **Oct** **[Casted](https://millionrounds.com/company/casted)** Venture · US **$1.0M** With 2 others
- **Oct** **[RootNote](https://millionrounds.com/company/rootnote)** Venture · US **Undisclosed** With 3 others
- **Oct** **[Flamel AI](https://millionrounds.com/company/flamel-ai)** Venture · US **Undisclosed** With 1 other
- **Sept** **[Radius, formerly Pay4Me App](https://millionrounds.com/company/radius-formerly-pay4me-app)** Pre-seed · US **$100K** With 2 others
- **Sept** **[hc1](https://millionrounds.com/company/hc1)** Venture · US **$6.5M** Sole investor
- **Aug** **[Traduality](https://millionrounds.com/company/traduality)** Debt · US **$100K** With 3 others
- **Aug** **[Your Money Line](https://millionrounds.com/company/your-money-line)** Series A · US **$4.5M** With 1 other
- **Jul** **[Upper Hand](https://millionrounds.com/company/upper-hand)** Venture · US **$560K** Sole investor

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 **2 named**

DB **Dmitry Balyasny** Managing Member of the General Partner i Filing they signed

KA **Kenneth A Armstrong** Executive Officer i Filing they signed

## What they claim to have backed

From their own portfolio page (on their website)

**9** of 15 we have independently watched raise

[Blockpass](https://millionrounds.com/company/blockpass)[Clearpool](https://millionrounds.com/company/clearpool)[Dexalot](https://millionrounds.com/company/dexalot)[Gaimin](https://millionrounds.com/company/gaimin)[Numbersprotocol](https://millionrounds.com/company/numbers-protocol)[Qorpo](https://millionrounds.com/company/qorpo)[Shrapnel](https://millionrounds.com/company/shrapnel)[Soarrobotics](https://millionrounds.com/company/soar-robotics)[Zignaly](https://millionrounds.com/company/zignaly) Backstage Chirptoken Orangevision Orderly Piggycell Xylabs

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.

New fund on file

**$50K**

raised in Jan 2021

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A

Median round joined **$1.5M** the round, not its cheque Alone, median **$1.1M**

Led 1 of 122 rounds **1%**

- **Sole investor:** 37 rounds
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Seed said *47*
- Venture *34*
- Series A said *15*
- Pre-seed *7*
- Grant *6*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Allos Ventures](https://millionrounds.com/fund/allos-ventures) 13
- [Techstars](https://millionrounds.com/fund/techstars) 13
- [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) 10
- [High Alpha](https://millionrounds.com/fund/high-alpha) 9
- [MassChallenge](https://millionrounds.com/fund/masschallenge) 8
- [Gbeta](https://millionrounds.com/fund/gbeta) 4

**Pitching Elevate Ventures?** 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 Elevate Ventures. A count of rooms they were both in, not a relationship either has claimed.

[**Allos Ventures** VC firm **13** rounds together](https://millionrounds.com/fund/allos-ventures)[**Techstars** VC firm **13** rounds together](https://millionrounds.com/fund/techstars)[**National Science Foundation** Government **10** rounds together](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno)[**High Alpha** VC firm **9** rounds together](https://millionrounds.com/fund/high-alpha)[**MassChallenge** Accelerator **8** rounds together](https://millionrounds.com/fund/masschallenge)[**Gbeta** Accelerator **4** rounds together](https://millionrounds.com/fund/gbeta)[**M25** VC firm **4** rounds together](https://millionrounds.com/fund/m25)[**MedTech Innovator** Accelerator **4** rounds together](https://millionrounds.com/fund/medtech-innovator)[**Gener8tor** VC firm **3** rounds together](https://millionrounds.com/fund/gener8tor)[**National Institutes of Health** Government **3** rounds together](https://millionrounds.com/fund/national-institutes-of-health)[**Right Side Capital Management** VC firm **3** rounds together](https://millionrounds.com/fund/right-side-capital-management)[**Sequoia Capital** VC firm **3** rounds together](https://millionrounds.com/fund/sequoia-capital)

## Recently backed

The latest companies Elevate Ventures put money into.

[**Overfuel** $6.0M · Sept 2026](https://millionrounds.com/company/overfuel)[**Wave Therapeutics** $293K · Apr 2026](https://millionrounds.com/company/wave-therapeutics)[**Neurava** $4.0M · Apr 2026](https://millionrounds.com/company/neurava)[**Yourco** $6.0M · Mar 2026](https://millionrounds.com/company/yourco)[**Traction** $2.0M · Feb 2026](https://millionrounds.com/company/traction)[**ZeroCarb LYFE** $213K · Feb 2026](https://millionrounds.com/company/zerocarb-lyfe)

## Quick answers about Elevate Ventures

### What does Elevate Ventures invest in?

Elevate Ventures invests most often at Seed and Venture (74% of the rounds on record), in sectors such as AI, Robotics and IoT.

### How active is Elevate Ventures?

122 investments on record, 8 of them in the last 12 months, and it led 1. The most recent was in Sept 2026.

### What has Elevate Ventures invested in recently?

Its most recent investments on record: Overfuel (Venture, Sept 2026), Wave Therapeutics (Venture, Apr 2026) and Neurava (Grant, Apr 2026).

### How big are Elevate Ventures's cheques?

The median round it joins is $1.5M.

### Does Elevate Ventures lead rounds?

Sometimes: it led 1 of its 122 investments on record (1%).

### Where does Elevate Ventures invest?

Most of the companies it backs are in the United States (100%).

### Is Elevate Ventures investing now?

Yes: it is actively investing, with 8 investments in the last 12 months.

### Who does Elevate Ventures invest alongside?

Most often Allos Ventures (13 rounds together), Techstars (13 rounds together) and National Science Foundation (10 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=elevate-ventures-3) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=elevate-ventures-3)