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Elefund

North America, California, United States, Mountain View

Description

Elefund is a micro venture capital firm strategically located in Mountain View, California, specializing in early-stage technology investments. As a thesis-driven firm, Elefund focuses on identifying and backing nascent companies with disruptive potential, typically at the seed stage. Their investment philosophy emphasizes a deep understanding of emerging technological trends and market shifts, allowing them to make targeted investments in sectors they believe are poised for significant growth. This focused approach enables them to provide more tailored support to their portfolio companies beyond just capital.

The firm is known for its agile investment approach, providing initial capital to promising startups. Elefund typically writes first checks ranging from $50,000 to $500,000, positioning them as a crucial early supporter for founders. Beyond funding, Elefund aims to be a valuable partner, leveraging its network and expertise to help portfolio companies navigate the challenges of early growth, secure subsequent funding rounds, and scale their operations effectively. Their hands-on engagement is designed to accelerate the development and market penetration of their portfolio companies.

Elefund has built a robust portfolio, having invested in over 100 companies since its inception. This extensive track record demonstrates their consistent activity and commitment to the early-stage ecosystem. A testament to the quality of their investments and the support they provide, Elefund's portfolio companies have collectively gone on to raise over $1.5 billion in follow-on capital from a diverse array of venture capitalists and institutional investors. This significant amount of subsequent funding underscores the firm's ability to identify high-potential ventures that attract further investment and achieve substantial growth.

Investor Profile

Elefund has backed more than 55 startups, with 2 new investments in the last 12 months alone. The firm has led 7 rounds, about 13% of its total and boasts 8 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Pre Seed rounds (top funding stages).
  • Majority of deals are located in United States, United Kingdom, South Korea.
  • Strong thematic focus on Financial Services, FinTech, Software.
  • Typical check size: $50K – $500K.

Stage Focus

  • Seed (47%)
  • Series A (33%)
  • Pre Seed (7%)
  • Series B (5%)
  • Series Unknown (4%)
  • Convertible Note (2%)
  • Series C (2%)

Country Focus

  • United States (84%)
  • United Kingdom (9%)
  • South Korea (4%)
  • Nigeria (2%)
  • Puerto Rico (2%)

Industry Focus

  • Financial Services
  • Fintech
  • Software
  • Insurance
  • Insurtech
  • Saas
  • Internet
  • Small And Medium Businesses
  • Mobile
  • Payments
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Elefund frequently co-invest with?

Gaingels
North America, Vermont, United States, Burlington
Co-Investments: 6
Sirius International Insurance
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 4
Soma Capital
North America, California, United States, San Francisco
Co-Investments: 4
Draper Associates
North America, California, United States, San Mateo
Co-Investments: 3
v1.vc
North America, California, United States, San Francisco
Co-Investments: 6
Y Combinator
North America, California, United States, Mountain View
Co-Investments: 5
Echelon
North America, Wyoming, United States, Evanston
Co-Investments: 4
Greycroft
North America, New York, United States, New York
Co-Investments: 6
Global Founders Capital
Europe, Berlin, Germany, Berlin
Co-Investments: 4
Aspect Ventures
North America, California, United States, Palo Alto
Co-Investments: 3

Which angels does Elefund often collaborate with?

JX
North America, California, United States, San Francisco
Shared Deals: 2
NI
North America, United States
Shared Deals: 1
LB
North America, California, United States, San Francisco
Shared Deals: 3
QY
North America, California, United States, San Francisco
Shared Deals: 1
JL
North America, Texas, United States, Austin
Shared Deals: 1
Babs Ogundeyi
Africa, Lagos, Nigeria, Yaba
Shared Deals: 1
CH
North America, California, United States, Burlingame
Shared Deals: 2
TC
North America, California, United States, Los Gatos
Shared Deals: 2
BC
North America, California, United States, San Francisco
Shared Deals: 2
CS
North America, Washington, United States, Kirkland
Shared Deals: 2

What are some of recent deals done by Elefund?

Stackpack

San Francisco, California, United States

Stackpack is AI platform help companies to manage the accelerating costs, risks, and complexity of third-party vendors.

Artificial Intelligence (AI)Information TechnologySaaS
SeedMay 13, 2025
Amount Raised: $6,300,000
Harmonic

Palo Alto, California, United States

Harmonic develops mathematical reasoning engine designed to tackle complex mathematical problems using AI technology.

Artificial Intelligence (AI)EdTechSoftware
Series ASep 23, 2024
Amount Raised: $75,000,000
Powder

Los Altos, California, United States

powder is building generative AI agents that automate laborious tasks to save time.

Financial ServicesFinTechSales
SeedJul 23, 2024
Amount Raised: $5,000,000
Forward

San Francisco, California, United States

Forward is a company that helps progammers and developers coordinate their program codes to build better websites.

Software
SeedMay 30, 2024
Amount Raised: $16,000,000
Mermaid Chart

San Francisco, California, United States

Building the next generation of smart diagramming for enterprise teams. Easily create and collaborate on complex diagrams from text.

Data VisualizationInformation TechnologySaaSSoftware
SeedMar 20, 2024
Amount Raised: $7,575,000
Powder

Los Altos, California, United States

powder is building generative AI agents that automate laborious tasks to save time.

Financial ServicesFinTechSales
Pre SeedNov 14, 2023
Canopy Connect

Beaverton, Oregon, United States

The Fastest Way to Collect Verified Insurance Information

Auto InsuranceCommercial InsuranceDeveloper APIsFinTechInsuranceInsurTechLendingProperty Insurance
Series AOct 25, 2023
Amount Raised: $6,500,000
StretchDollar

San Francisco, California, United States

StretchDollar is an insurance company offering health benefits for small businesses.

Financial ServicesHealth InsuranceInsurance
Pre SeedSep 26, 2023
Amount Raised: $1,600,000
Confirm

San Francisco, California, United States

Confirm is an all-in-one people platform using Organizational Network Analysis (ONA) to empower leaders with a true view of performance.

Human ResourcesInternetRecruiting
Series AAug 30, 2023
Amount Raised: $6,200,000
Raincoat

San Juan, NA - Puerto Rico, Puerto Rico

Democratizing access to financial resilience in the face of natural disasters.

Financial ServicesFinTechInsuranceInsurTechSoftware
SeedJun 26, 2023
Amount Raised: $6,500,000