Elefund

Investor type

PE / VC

Founded

2013

AUM

$30 M

Location

Mountain View, California, United States

Investment Ticket

$10-50 m

Investment Stage

Seed Pre-seed Series A

Region of investment

North America
Investor profile last updated: 16 August, 2026

Profile

Elefund is a venture capital firm based in Mountain View, California, founded in 2015. The firm focuses on investing in early-stage technology startups across various sectors, including fintech, enterprise software, AI, aerospace, travel, health & wellness, and consumer apps. Elefund primarily invests at the pre-seed, seed, and Series A stages, partnering with entrepreneurs to provide capital, strategic guidance, and operational support.

With a portfolio of over 24 companies, Elefund has made between 37 to 44 investments and manages seven funds, including Elefund II, which closed at $30 million in 2021. The firm emphasizes innovation and scalability, aiming to build profitable businesses that address significant challenges. Recent activities include co-leading a $16 million seed round for Forward, a SaaS payments platform, in June 2024. The team consists of experienced operators and investors, including co-founders David Mavashev and Nathan Rodland, along with a network of industry experts.

Industry

Consumer Products Aerospace Education Edtech Fashion/Beauty Financial Services Fintech Gaming Healthcare Services Marketing and Advertising Pharmaceuticals Real Estate Software AI Consumer Services (B2C) Robotics SaaS HealthTech

Elefund Funds

Name Type
Questionare
Industry
Questionare
Stage
Questionare
Region
Size AUM Launch date
Elefund, L.P. Fund I
Venture Capital (VC)
Consumer Products
Consumer Services (B2C)
Financial Services
Fintech
Healthcare Services
Robotics
SaaS
Software
HealthTech
Pre-seed
Seed
North America
$5-10 m
$30 M
July 2015

Contacts

Name
Title
Email
avatar
David Mavashev Co-Founder and Investor
Co-Founder and Investor
d•••@•••
avatar
Rasheen Smith Co-Founder
Co-Founder
r•••@•••
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Investment-team contacts for Elefund — including verified work emails and LinkedIn profiles — are available to Private Equity List subscribers.
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FAQs about Elefund

Elefund is a venture capital and private equity firm. It backs companies at Seed, Pre-seed and Series A, writing tickets of $10-50 m.
Elefund is located in Mountain View, California, United States.
Elefund was founded in 2013.
Elefund invests in companies and startups in Consumer Products, Aerospace, Education, Edtech, Fashion/Beauty, Financial Services, Fintech, Gaming, Healthcare Services, Marketing and Advertising, Pharmaceuticals, Real Estate, Software, AI, Consumer Services (B2C), Robotics, SaaS, HealthTech.
Elefund invests in companies and startups in North America.
Elefund invests in companies and startups at Seed, Pre-seed, Series A.
Elefund usually invests $10-50 m on average.
Elefund has around $30m assets under management.
Elefund last fund was created/launched in 2015-07-15
Elefund can be reached through its website elefund.com, its LinkedIn page and its X account. Its general enquiries address is [email protected]. Cold-mailing a general inbox rarely reaches a partner, so Private Equity List also lists the investment-team contacts for Elefund — names, roles, verified work emails and LinkedIn profiles — available on a Pro plan from $129/month (see pricing). Contacts are sourced from the firm's website and LinkedIn and re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.
Yes. Every field on this page — profile, funds, investment criteria, portfolio and investment-team contacts — is available programmatically through the Private Equity List REST API and MCP server, so AI assistants such as Claude and ChatGPT can query Elefund directly instead of scraping this page. One subscription covers both the web app and machine access — see API & MCP.
Private Equity List re-verifies investor profiles on a rolling cycle, pulling from the firm's own website and LinkedIn rather than a one-off import. This profile was last updated on 16 August, 2026. Something out of date here? Report it — we re-run that firm within 48h and get back to you.