Elevation Capital launches a $400M late-stage fund targeting companies near IPO

Elevation Capital has launched Elevation Holdings, a $400M late-stage fund for companies nearing IPO, complementing its $670M Fund VIII. With $20–50M ticket sizes, it targets consumer and fintech firms with tech focus. Spinny is its first bet. Elevation’s portfolio spans Paytm, Swiggy, Meesho, FirstCry, Ixigo, and Urban Company. The fund prioritizes profitability, aiming to back firms within three years of going public.