Elevator is a venture capital firm. They operate from Tel Aviv and New York and they invest $250K-1M in early stage technology companies.
Elevator Fund is an accelerator specializing in early stage talent and technology startups with a focus on software for web and mobile devices in Fintech sector. It also seeks to focus on fintech, new media, e-commerce, digital health and cyber security.
It invests in companies based in Israel, Europe, and the east and west coasts of the United States. The firm runs two programs a year, each for a period of five months. It seeks to invest $20,000 in cash and provide add-on services, including office space and sponsors package of $18000. At the end of five months, the firm can invest additional capital and often syndicate a company’s seed round. It prefers to invest typically $ 0.25 million to $ 0.75 million.
The firm takes 8-12% stake for its initial investment and product validation and the market prices the value of the additional financing. The firm takes a minority ownership position and does not seek to take up board positions. Elevator Fund is based in Tel Aviv, Israel.