DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Elevate Ventures
Elevate Ventures
Growth investor · probableEagle, COSEC exempt reporting adviserpart of Elevate Capital Advisors
One of 2 advisers that share ; the firm is Elevate Capital Advisors. Elevate Capital Advisors. Each keeps its own CRD, funds and filings; the grouping is the website each swore to on Form ADV and is recomputed every pass.
growth or late-stage vehicles only
Importance
5
low
Active deployment
0
low
Emerging
0
low
Completeness
44
elevated
Freshness
98
high
Research priority
2
low
Identity and regulatory footprint
- Headquarters
- Eagle, COadviserinfo.sec.gov
- Office address
- 313 CHAMBERS AVENUE, SUITE D, Eagle, CO, 81631adviserinfo.sec.gov
- Business phone
- 970-328-7526adviserinfo.sec.gov
- Website
- unknown
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Jan 31, 2023
- Private funds reported
- 2 (1 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $8.7Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 970-328-7526adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
no observed deals yet
Stated (the firm’s website)
- Sectors
- not stated or not yet read
- Stages
- not stated or not yet read
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors: no observed deals yet
lead rate n/afollow-on rate n/anew logos, 12 months 0
Funds and vehicles
1 reported, 2 no longer reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Elevate Ventures Growth Fund I, L.P. | Growth fund | unknown | Unknown | unknown | unknown | $0 of $200M | Jan 22, 2025 |
| Elevate Ventures Nsg Convert 2018 LLC | Fund | 2018 name year | Wound down | $580,000 May 20, 2019 | 15 | unknown | unknown |
| Third Wave Digital Asset Fund | SPV or co-invest vehicle · ADV: Other Private Fund | unknown | Wound down | $160,000 Jun 19, 2020 | 4 | unknown | unknown |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
2 current, 0 departed
Kenneth Allen Armstrong
Managing partnerManaging Member · since Sep 1, 2018
Shane Rielly Fleury
Managing partnerManaging Member · since Sep 1, 2018
Investments on record
0 edges, 0 companies, 0 partner-attributed
No investment on record yet. Edges arrive from the firm’s portfolio page, financing announcements, and Form D board seats.
Co-investors
7 relationships from shared deals, counted for the whole firm
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
7 dated events
- Sep 14, 2026Elevate Ventures: MICRO_VC -> GROWTH_INVESTOR (growth or late-stage vehicles only)Classification changedClassificationInferenceno URL
- Mar 17, 2021Third Wave Digital Asset Fund no longer reported on Form ADV by Elevate VenturesFund no longer reportedFundsInferenceThird Wave Digital Asset FundSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2020Elevate Ventures Nsg Investment Fund, LLC first reported on Form ADV by Elevate Ventures (Venture Capital Fund), GAV $900,000Fund first reported on Form ADVFundsFactElevate Ventures Nsg Investment Fund, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2020Elevate Ventures Nsg Convert 2018 LLC no longer reported on Form ADV by Elevate VenturesFund no longer reportedFundsInferenceElevate Ventures Nsg Convert 2018 LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- May 15, 2019Elevate Ventures Nsg Convert 2018 LLC first reported on Form ADV by Elevate Ventures (Venture Capital Fund), GAV $580,000Fund first reported on Form ADVFundsFactElevate Ventures Nsg Convert 2018 LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- May 15, 2019Elevate Ventures first filed Form ADV (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- May 15, 2019Third Wave Digital Asset Fund first reported on Form ADV by Elevate Ventures (Venture Capital Fund), GAV $115,000Fund first reported on Form ADVFundsFactThird Wave Digital Asset FundSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 14, 2026Growth investor (probable, 80%, cls-1)growth or late-stage vehicles only
- Sep 12, 2026Micro VC (probable, 80%, cls-1)venture manager, reported GAV $7.0M across 2 vehicles
Evidence
19 observations from 1 source