# Elevation Capital: portfolio, investments and team

> Elevation Capital is a vc firm based in Canada. 128 investments on record, 12 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/elevation-capital-2 (Millionrounds; every figure on the page links to its filing or article)

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

# Elevation Capital

Last cheque observed Oct 2026; 128 cheques on record.

Email

Deploying now New fund $500M, Jul 2026 VC firm Website unconfirmed

Pre-seed Seed Health And Wellness Biotech Consumer Packaged Goods

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Deploying now

**38%** of best year **12** **cheques in 12 months**, 128 on record

Since the last cheque **17** days **00** hrs **00** min **00** sec

Median round **$10M** Cheque size, as they say **$10K – $2.0M** Rounds led **5 of 128** Sole investor **24 rounds** Exits **2 from the portfolio** Mostly in **India, 42%**

Pitch Elevation Capital

Another investor of this name exists, and we could not establish from the rounds which of them the press meant. Treat the record below as possibly belonging to either. [Tell us which](https://millionrounds.com/corrections?slug=elevation-capital-2) if you know.

## Elevation Capital highlights

- 01 12 cheques in the last 12 months
- 02 Mostly Series A and Seed: 62% of its rounds
- 03 Sole investor in 24 rounds, median $3.3M
- 04 2 exits from the portfolio

## What they do

- **Type:** VC firm
- **Cheque size:** $10K – $2.0M as they say
- **Stages:** Pre-seed Seed
- **Sectors:** Health And Wellness Biotech Consumer Packaged Goods
- **Based in:** Vancouver, Canada
- **Cold pitches:** Not accepted

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=elevation-capital-2).

## The record

Every round we can evidence, newest first **128 appearances**

- **2026** 10 rounds
- **Oct** **[Spill Games](https://millionrounds.com/company/spill-games)** Series A · IN · The Economic Times: startups **$11M** *Led*
- **Oct** **[Mesa School of Business](https://millionrounds.com/company/mesa-school-of-business)** Series A · IN · Inc42 **$12M** *Led*
- **Sept** **[Dextr AI](https://millionrounds.com/company/dextr-ai)** Seed · US · Inc42 **$6.7M** *Led*
- **Sept** **[Disha](https://millionrounds.com/company/disha)** Series A · IN · Ventureburn **$6.0M** With 2 others
- **Jul** **[Reo.Dev](https://millionrounds.com/company/reo-dev)** Series A · US **$11M** With 3 others
- **May** **[Audion](https://millionrounds.com/company/audion)** Series B · FR · Ventureburn **$15M** With 3 others
- **Apr** **[Noon](https://millionrounds.com/company/noon)** Seed · Ventureburn **$44M** With 4 others
- **Mar** **[Urban Company](https://millionrounds.com/company/urban-company)** Secondary **$68M** With 3 others
- **Feb** **[Wishlink](https://millionrounds.com/company/wishlink)** Series B · IN · Ventureburn **$18M** With 3 others
- **Feb** **[PortKey](https://millionrounds.com/company/portkey)** Series A · IN · Ventureburn **$15M** *Led*
- **2025** 29 rounds
- **Dec** **[Skydo](https://millionrounds.com/company/skydo)** Series A · IN · TechStartups **$10M** With 1 other
- **Nov** **[SynthioLabs](https://millionrounds.com/company/synthiolabs)** Seed · US **$5.0M** With 4 others
- **Oct** **[Snabbit](https://millionrounds.com/company/snabbit)** Series C · IN · TechCrunch **$30M** With 4 others
- **Oct** **[UnifyApps](https://millionrounds.com/company/unifyapps)** Series B · US · TechStartups **$50M** With 2 others
- **Oct** **[dezerv.](https://millionrounds.com/company/dezerv)** Series C **$40M** With 2 others
- **Sept** **[Seekho](https://millionrounds.com/company/seekho)** Series B **$28M** With 4 others
- **Sept** **[California Burrito](https://millionrounds.com/company/california-burrito)** Series B **$14M** Sole investor
- **Aug** **[Jeh Aerospace](https://millionrounds.com/company/jeh-aerospace)** Series A · IN · TechCrunch **$11M** *Led*
- **Aug** **[Multipli](https://millionrounds.com/company/multipli)** Venture **$5.0M** With 2 others
- **Jul** **[Caseflood.ai](https://millionrounds.com/company/caseflood-ai)** Seed · US **$3.2M** With 6 others
- **Jul** **[Acko](https://millionrounds.com/company/acko)** Venture **Undisclosed** With 4 others
- **Jun** **[AppsForBharat](https://millionrounds.com/company/appsforbharat)** Series C · IN · TechCrunch **$20M** With 5 others
- **Jun** **[Rumik.ai](https://millionrounds.com/company/rumik-ai)** Seed **$5.0M** Sole investor
- **Jun** **[Sahi](https://millionrounds.com/company/sahi)** Series A **$11M** Sole investor
- **May** **[Adopt AI](https://millionrounds.com/company/adopt-ai)** Seed · US **$6.0M** With 1 other
- **May** **[PierSight Space](https://millionrounds.com/company/piersight-space)** Venture **Undisclosed** With 1 other
- **May** **[Zoca](https://millionrounds.com/company/zoca)** Seed · US **$6.0M** With 2 others
- **May** **[BlissClub](https://millionrounds.com/company/blissclub)** Series B **$3.9M** With 2 others
- **Apr** **[Composio](https://millionrounds.com/company/composio)** Series A · US **$29M** With 4 others
- **Apr** **[Gale](https://millionrounds.com/company/gale)** Seed · US **$2.7M** With 3 others
- **Apr** **[Scapia Technology private limited](https://millionrounds.com/company/scapia-technology-private-limited)** Series B **$40M** With 2 others
- **Mar** **[Polymerize](https://millionrounds.com/company/polymerize)** Venture · SG **Undisclosed** With 1 other
- **Mar** **[Country Delight](https://millionrounds.com/company/country-delight)** Series E **$25M** With 3 others
- **Feb** **[Mumbai Oncocare Center](https://millionrounds.com/company/mumbai-oncocare-center)** Series B **$18M** Sole investor
- **Feb** **[Smile Wanted Group](https://millionrounds.com/company/smile-wanted-group)** Venture · FR **$11M** With 1 other
- **Feb** **[Factors.AI](https://millionrounds.com/company/factors-ai)** Venture · US **$500K** With 2 others
- **Feb** **[Vegetal Food](https://millionrounds.com/company/vegetal-food)** Seed · FR **$1.2M** Sole investor
- **Jan** **[SuperOps](https://millionrounds.com/company/superops)** Series C · IN · TechCrunch **$25M** With 3 others
- **Jan** **[Aye Finance](https://millionrounds.com/company/aye-finance)** Debt **$13M** With 3 others
- **2024** 19 rounds
- **Dec** **[Mintifi](https://millionrounds.com/company/mintifi)** Series E **$100M** With 3 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 **1 named**

RA **Ravi Adusumalli** Manager of the GP of the GP i Filing they signed

We also hold **1** person 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

**8+** funds on file numbered funds in its name

## Exits from the portfolio

Companies it backed that were later bought or listed **2 in all**

**[Wooboard.com](https://millionrounds.com/company/wooboard-com)** Bought by Reffind **Undisclosed** Sept 2015

**[Qikwell Technologies](https://millionrounds.com/company/qikwell-technologies)** Bought by [Practo](https://millionrounds.com/fund/practo) **Undisclosed** Sept 2015

An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$500M**

raised in Jul 2026

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

## The cheque

Pre-seed Seed

Median round joined **$10M** the round, not its cheque Alone, median **$3.3M**

Led 5 of 128 rounds **4%**

- **Said size:** $10K – $2.0M
- **Sole investor:** 24 rounds
- **Last cheque:** Oct 2026
- **Exits:** 2 from the portfolio

Rounds by stage said on their site

- Series A *41*
- Seed said *32*
- Series B *19*
- Venture *17*
- Series C *6*
- Debt *3*
- Pre-seed said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Matrix Partners India](https://millionrounds.com/fund/matrix-partners-india) 9
- [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) 8
- [Peak XV](https://millionrounds.com/fund/peak-xv) 7
- [Y Combinator](https://millionrounds.com/fund/y-combinator) 7
- [Saif Partners](https://millionrounds.com/fund/saif-partners) 6
- [Titan Capital](https://millionrounds.com/fund/titan-capital-2) 6

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

[**Matrix Partners India** VC firm **9** rounds together](https://millionrounds.com/fund/matrix-partners-india)[**Lightspeed Venture Partners** VC firm **8** rounds together](https://millionrounds.com/fund/lightspeed-venture-partners)[**Peak XV** VC firm **7** rounds together](https://millionrounds.com/fund/peak-xv)[**Y Combinator** Accelerator **7** rounds together](https://millionrounds.com/fund/y-combinator)[**Saif Partners** Private equity **6** rounds together](https://millionrounds.com/fund/saif-partners)[**Titan Capital** VC firm **6** rounds together](https://millionrounds.com/fund/titan-capital-2)[**Alteria Capital** Venture debt **5** rounds together](https://millionrounds.com/fund/alteria-capital)[**Bessemer Venture Partners** VC firm **5** rounds together](https://millionrounds.com/fund/bessemer-venture-partners)[**Better Capital** Private equity **5** rounds together](https://millionrounds.com/fund/better-capital)[**Blume Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/blume-ventures)[**Eight Roads Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/eight-roads)[**India Quotient** VC firm **4** rounds together](https://millionrounds.com/fund/indiaquotient)

## Recently backed

The latest companies Elevation Capital put money into.

[**Mesa School of Business** $12M · Oct 2026](https://millionrounds.com/company/mesa-school-of-business)[**Dextr AI** $6.7M · Sept 2026](https://millionrounds.com/company/dextr-ai)[**Disha** $6.0M · Sept 2026](https://millionrounds.com/company/disha)[**Reo.Dev** $11M · Jul 2026](https://millionrounds.com/company/reo-dev)[**Audion** $15M · May 2026](https://millionrounds.com/company/audion)[**Wishlink** $18M · Feb 2026](https://millionrounds.com/company/wishlink)

## Quick answers about Elevation Capital

### What does Elevation Capital invest in?

Elevation Capital invests most often at Series A and Seed (62% of the rounds on record), in sectors such as Health And Wellness, Biotech and Consumer Packaged Goods.

### How active is Elevation Capital?

128 investments on record, 12 of them in the last 12 months, and it led 5. The most recent was in Oct 2026.

### What has Elevation Capital invested in recently?

Its most recent investments on record: Spill Games (Series A, Oct 2026), Mesa School of Business (Series A, Oct 2026) and Dextr AI (Seed, Sept 2026).

### How big are Elevation Capital's cheques?

The median round it joins is $10M. It says it writes cheques of $10K to $2.0M.

### Does Elevation Capital lead rounds?

Sometimes: it led 5 of its 128 investments on record (4%).

### Where does Elevation Capital invest?

Most of the companies it backs are in India (42%), the United States (42%) and France (13%).

### Is Elevation Capital investing now?

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

### Who does Elevation Capital invest alongside?

Most often Matrix Partners India (9 rounds together), Lightspeed Venture Partners (8 rounds together) and Peak XV (7 rounds together).

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