Elevation Capital launches $400 Mn late stage fund for IPO bound startups

Elevation Capital is launching a new $400 million fund to back companies for the long term, moving beyond its usual focus on early-stage startups and aiming at those it sees creating value in public markets.

According to an ET report, the late-stage vehicle, called Elevation Holdings, will invest in 10-15 companies with cheque sizes ranging between $20 million and $50 million. The new fund will primarily back companies in the consumer and financial services segments with a technology focus.

“Our horizons for investments are much longer and we will…