First wave of national investments is in six startups led by Black founders or CXOs across tech, life sciences, and medical devices. PORTLAND, Ore., January 26, 2021-- Elevate Capital recently completed a $26.0 million first close of the Elevate Fund II to enhance its efforts to support underserved minority and women entrepreneurs with early-stage funding. With Fund II now officially launched, Elevate Capital has already lined up six investments, all of which are led by Black founders and CXOs. Investment in Fund II is led by two institutional investors: Meyer Memorial Trust and the Oregon Growth Account.