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Nitin Rai

Managing Partner Elevate Capital

Portland, Oregon Metropolitan Area

Overview 

Nitin Rai is the Managing Partner at Elevate Capital and President/CEO of First Insight Corp, with a focus on entrepreneurship, strategic partnerships, and venture capital. His career highlights include investing in a diverse range of companies and serving on the boards of various startups, demonstrating a strong track record in building successful businesses and fostering strategic growth.

Work Experience 

  • Board Observer

    2023 - Current

  • Board Observer

    2021

theCut is a mobile marketplace that connects barbers and their customers.

Raised $4,500,000.00 from Singh Capital Partners, Elevate Ventures, NextGen Venture Partners, Leadout Capital, Techstars and Prototype Capital.

  • Member Board Of Directors

    2022

SkySquad provides families, seniors, and non-English Speakers with an extra set of hands to help with their travel experience.

Raised $1,700,000.00 from TEDCO, Elevate Capital, Citrine Angels and 1219 Capital.

  • Member Board Of Directors

    2021

Our platform makes complex time tracking easy. We proudly serve the largest hospital systems.

Raised $9,750,000.00 from Jumpstart Nova, HearstLab and Elevate Capital.

  • Member Board Of Directors

    2021

Paerpay helps merchants accept contactless payments without the hassle of changing point-of-sales systems.

Raised $4,988,000.00 from Black Founders Fund.

  • Board Observer

    2021

Forest Devices is a medical device startup that develops a novel stroke screening device designed to detect early signs of stokes.

Raised $4,089,385.00 from Innovation Works, Innovation Works, Innovation Works and 99 Tartans.

  • Board Member and Investor

    2017

Minnow is building a network of IoT-enabled food delivery and pickup stations (called “Pickup Pods”).

Raised $8,255,467.00 from Branded Hospitality Ventures, Branded Strategic Hospitality, Portland Seed Fund, Elevate Capital, LPC Ventures and Portland Seed Fund.

  • Managing Director

    2016

    The Inclusive Venture Capital Fund elevate.vc @pdxelevatevc

Elevate Capital is a seed and early-stage investment firm with a focus in the Pacific Northwest and investing in under-represented founders.

  • Investor and Board observer

    2019

ToolBelt is the #1 job platform connecting the residential construction industry.

Raised $6,224,994.00 from Cascade Seed Fund, Elevate Capital, Portland Seed Fund, Mynavi, Bend Venture Conference, Collab Capital and Rogue Venture Partners.

  • Board Observer and Investor

    2018

The Dyrt is consumer subscription software and top ranked camping app, with over 1.5M user-submitted reviews and tips across the U.S.

Raised $22,304,980.00 from Realization Capital Partners and TechNexus Venture Collaborative.

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