GROWTH STAGE
21 Fund
Supporting and sustaining exponential growth
Key information & criteria
INVESTMENT LEVEL:
Up to $2M
BENEFITS:
Series A financing with additional follow-up funding (Max $4M)
Entrepreneur-in-Residence services
Elevate Advisor services
Access to Elevate Ventures Tech offerings (Partnered with AWS, Hubspot, Google Cloud Startup Program, and more)
QUALIFICATIONS:
Indiana-based
Co-investment of at least 50%
Addressable market of $500M+
Strong team with industry experience and prior startup experience
Well-articulated value proposition
What to expect after applying

Initial consideration
The Elevate team will assess and triage to the appropriate next step.

Present to Elevate
The Elevate investment team will evaluate if you are a fit through initial vetting and an in-person presentation and provide a recommendation for investment.

Due diligence
You will be asked to provide roughly 50 items for us to complete our due diligence process.

Final review & closing
The Elevate team will then review the recommendation and decide whether to approve it for closing.

Ongoing reporting
Once finalized, you are responsible for providing quarterly reports to Elevate while receiving portfolio-company benefits.

As important as it is to find the right partner, it’s also beneficial to find one that provides creditability and confidence for other investors. Since our 21 Fund investment, we have executed our plans and achieve our milestones. These accomplishments have enabled us to raise capital from existing investors as well as other institutional investors. Since that first investment, Elevate Ventures has increased its holdings in Confluence, providing us with important capital to advance toward our next set of milestones.

Confluence Pharma
Apply for the 21 Fund
On the application form, select “Direct Investment” from the dropdown menu to begin your application for the 21 Fund.