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Nitin Rai

Founder and Managing Director, Elevate Capital

About

Nitin Rai built and ran his own healthcare software company for over two decades before becoming a venture investor, giving him an operator's perspective on product development, sales, and capital efficiency that shapes how he mentors founders. He leads Elevate Capital with an explicit focus on backing founders from underrepresented communities, with roughly 85% of his portfolio consisting of companies founded by women and people of color, and is known for his hands-on, co-founder-like mentorship style where he stays deeply engaged with CEOs beyond just board meetings. Nitin Rai built and ran his own healthcare software company for over two decades before becoming a venture investor, giving him an operator's perspective on product development, sales, and capital efficiency that shapes how he mentors founders. He leads Elevate Capital with an explicit focus on backing founders from underrepresented communities, with roughly 85% of his portfolio consisting of companies founded by women and people of color, and is known for his hands-on, co-founder-like mentorship style where he stays deeply engaged with CEOs beyond just board meetings.

Works At

Elevate Capital

Founder and Managing Director

Investment Focus

Stages
Seed
Series A
Sectors
Medtech
Biotech
CPG / D2C
SaaS
Diversity Focus
Under-represented founders

Investment Details

Avg Check Size$25M - $2M
Can Lead Rounds
No
Geographies
USA