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KLOTOFY Named Elevate Nexus Pre-Seed Award Winner

Updated: Oct 22

(Indianapolis, IN) – KLOTOFY is proud to announce that it has been selected as an Elevate Nexus Pre-Seed Award Winner during the Elevate Nexus competition held in November 2022. Elevate Nexus is a highly competitive program offered by Elevate Ventures that recognizes and supports the most promising early-stage companies in the state of Indiana. Pre-Seed winners are considered Elevate Ventures portfolio businesses!

"We are honored to be recognized as an Elevate Nexus Award Winner. This is a huge milestone for our company and we look forward to working with the Elevate Ventures team to take our business to the next level."

- Adriana Morales, CEO of KLOTOFY

Elevate Ventures is a leading venture development organization that helps high-potential companies in Indiana grow and scale. Through the Elevate Nexus program, the organization provides valuable resources and support to help entrepreneurs build successful businesses.

From Fast Company: In 2021, 159 venture capital deals totaling $1.4 billion, were reported in Indiana, the second highest of six Great Lakes states. And earlier this year, the U.S. government announced that Indiana is set to receive up to $99 million in federal funding, $70 million of which will be directed for startups and early-revenue companies. According to the Indiana Economic Development Corporation (IEDC), the state is one of the first 14 to be approved by the U.S. Department of Treasury for the State Small Business Credit Initiative. But it’s not just money that makes Indiana a fertile place for entrepreneurs. Indiana’s secret sauce comes from the depth of resources and the supportive ecosystem available for startups and entrepreneurs—and the ability for all to connect. The state’s economic engine is geared towards innovation with preseed, seed, and early-stage funding available through Elevate Ventures, which in addition to having invested $146.9M in nearly 500 startups since 2011, has been the most active VC in the Great Lakes region since 2017 according to PitchBook.
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