Growth & Opportunity Fund I

The Opportunity – A growth equity fund doesn’t currently exist in Indiana. Indiana investors take all the risk and give away the risk adjusted growth equity returns.

Our Impact & Competitive Advantage

  • Most Active VC in the Great Lakes Region since 2017
  • Consistently ranked in the Top 20 as the Most Active Seed-Stage VC Globally
  • Proprietary deal flow including 350+ active companies in existing portfolio
  • Relationships with 2,151 investment partners
  • GO Fund I qualifies for the Indiana Venture Fund tax credit. LPs receive a 20% tax credit against commitment.

GO Fund I Thesis

Target Fund Size:

$100M

*$25M anchor LP in place

Initial Check Size: 

±$3M

Round Size:

$5M+

(Series B)

Portfolio Size:

20-25
Companies

Target Return:

20%

Net IRR

Target Industries

  • B2B Saas Technology
  • Advanced Manufacturing
  • AgBiosciences
  • Cyber Security & 5G
  • SportsTech
  • Healthcare

Elevate Ventures Sample Exits

PactSafe
  • Acquired by Ironclad in March 2021.

  • 3.95x cash-on-cash return, IRR of 43%.

Greenlight Guru
  • Received majority-control investment from JMI Equity in May 2021.

  • 4.34x cash-on-cash return, IRR of 90%.

Socio
  • Acquired by Cisco in July
    2021.

  • 14.71x cash-on-cash return, IRR of 183%.

Lessonly
  • Acquired by Seismic in August 2021.

  • 17.46x cash-on-cash return, IRR of 55

Join us as a limited partner in the GO Fund I

Christopher (Toph) Day
Managing Partner
Email Toph
Phil Lodato
General Counsel & Chief Compliance Officer
Email Phil
Sara Omohundro
Principal
Email Sara