Elevate Capital is a venture capital firm based in Portland, Oregon, dedicated to supporting underrepresented entrepreneurs, including women, minorities, and veterans. Founded in 2016 by Nitin Rai, the firm focuses on early-stage investments, providing both capital and mentorship to help these entrepreneurs build successful companies.

Elevate Capital manages several specialized funds: the Inclusive Fund, which invests in women, minority, and veteran-founded startups primarily in the Portland metro area; Capital Fund II, which invests nationally in scalable startups founded by underrepresented minority founders in technology and healthcare; and the Innovation Gap Fund, a program under Business Oregon that mirrors key focus industries while promoting diversity and equity in the startup world.

The firm's commitment to inclusivity is reflected in its portfolio, with a significant percentage of investments in diverse founders across various industries.