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Venture Asheville helps local startups surpass $100 million in revenue

This mentorship program has served 70+ Asheville startups.

Ginger Frank is the founder of Poppy Handcrafted Popcorn.

Ginger Frank, founder of Poppy Handcrafted Popcorn, poses with her product. | Photo courtesy of Darby Communications

Photo courtesy of Darby Communications

Talk about making that bread — Venture Asheville’s incubator program known as Elevate has officially surpassed $100 million in revenue and raised $50 million in capital.

Venture Asheville launched Elevate in 2017 to create successful founders and companies that drive local economic impact. To date, the mentorship program has served 70+ Asheville startups like Moonlight Makers, Poppy Handcrafted Popcorn, and French Broad Chocolates.

In addition to generating revenue, these startups have bolstered the local job market through the creation of 360+ high-paying jobs with an average salary of $78,000. The jobs have ranged from engineering roles to positions in marketing and sales.

Keep up with Venture Asheville by following along on Instagram and listening to its Talking ‘Ship podcast.

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