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 Capital Advisors
Elevate Capital Advisors
Micro VC · probableEagle, COelevatecapitaladvisors.comSEC registered investment adviserone firm, 2 filing advisers
This firm files as 2 advisers on elevatecapitaladvisors.com: Elevate Ventures. Each keeps its own CRD, funds and filings; the grouping is the website each swore to on Form ADV and is recomputed every pass.
Founded in 2017, Elevate Capital Advisors now advises over $200,000,000 as of September 30, 2025, on behalf of high net-worth individuals and families,
venture manager, reported GAV $1.9M across 1 vehicles
Importance
4
low
Active deployment
29
moderate
Emerging
0
low
Completeness
75
high
Freshness
100
high
Research priority
8
low
Identity and regulatory footprint
- Headquarters
- Eagle, COadviserinfo.sec.gov
- Office address
- 313 CHAMBERS AVE., SUITE D, Eagle, CO, 81631adviserinfo.sec.gov
- Business phone
- 970-328-7526adviserinfo.sec.gov
- SEC adviser type
- registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Mar 11, 2024
- Private funds reported
- 1 (1 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $1.9Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $140Mthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 6
- business phone
- 970-328-7526adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
1 observed deals
Stated (the firm’s website)
- Sectors
- media
- Stages
- multi stage
- Geography
- colorado, usa
- 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
Other Technology 100%
lead rate 0%follow-on rate 0%new logos, 12 months 1
Funds and vehicles
1 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Elevate Ventures Nsg Investment Fund, LLC | Fund | 2023 adv first reported | Active deployment | $1.9M Mar 11, 2024 | 37 | 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
7 current, 0 departed
Tom Damon
AssociateAssociate, Portfolio Management & Investment Research
Kyle Lottman
Board or advisoryWealth Management Advisor
Ken Armstrong
Founder or executiveChief Executive Officer
Kenneth Allen Armstrong
Managing partnerManaging Member/ Chief Compliance Officer · since Mar 1, 2017
Shane Rielly Fleury
Managing partnerManaging Member · since Mar 1, 2017
Shane Fleury
PartnerChief Investment Officer
Olivia Boomhower
Platform and operationsOperations Manager
Investments on record
1 edges, 1 companies, 0 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Rapta Inc. | Funding round | participant | unknown | $8.0M | unknown | Sep 17, 2026 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
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
1 dated events
- Nov 18, 2020Elevate Capital Advisors first filed Form ADV (IA)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Micro VC (probable, 80%, cls-1)venture manager, reported GAV $1.9M across 1 vehicles
Evidence
36 observations from 2 sources