Focus and Model
Elevate Fund I is a new innovative $20 million investment fund that invests in seed, early, and growth-stage companies that impact economic upward mobility. We believe that opportunity exists by mobilizing existing resources in high economic growth regions with low upward economic mobility (discrepancy = untapped potential).
Investment criteria (in PRIORITIZED order)
Aligns with SP3 Capital mission
Generates IRR 12-15% net of fees
Motivated and capable management team
Adherence to sound environmental principles
Business has growth potential to achieve returns
Investment required < 20% of total fund ($2MM)
United States – prioritizing the regions with high economic growth potential and low upward economic mobility. Initial geographic focus in the southeast U.S. including Charlotte, Atlanta, and Raleigh as key targets.
We target revenue-producing industry-agnostic entrepreneurs that positively impact mobility, with a focus on health & wellness and environmental sustainability.