Elevation Partners was a trail blazing $1.9 billion private equity investment fund focused on the intersection between technology and media. Elevation made a total of eight investments, beginning in 2005 with a videogame developer, BioWare / Pandemic Studios (acquired by Electronic Arts). The fund later made large, private investments in Facebook and Yelp several years before they went public. Other investments included Forbes Media (acquired by Integrated Whale Media), Palm (acquired by Hewlett-Packard), and MarketShare (acquired by Neustar). The fund’s activities were completed successfully in 2015 with the sale of its last portfolio company.
While managing the exits from the Elevation Partners fund during 2012-15, Elevation team members made investments through Elevation Investors II, a multi-stage private investment vehicle. Elevation Investors II invested in companies such as Airbnb, Uber, Sonos, Bit Stew Systems (acquired by GE) and Everlane.