Element Ventures
Element Ventures is a venture capital firm that specializes in early-stage investments in the B2B financial technology (fintech) sector. Founded in 2019 by Steve Gibson and Michael McFadgen, with Spencer Lake joining later, the firm has dual headquarters in London, UK, and Provo, Utah, USA. Originally established as Peak Ventures in 2008, it rebranded to Element Ventures to reflect its broader European focus. The firm raised a $130 million fund in 2021 to support fintech businesses, typically investing between $1 million and $8 million per deal. Element Ventures provides capital investment, s
Investing activity
Element Ventures appears in 2 AI deals tracked by the AI Lounge deals desk. The rounds are mostly Seed, with a median round size of $3M. The most recent are Curant.ai (Seed, $3.1M, Jul 2026) and Curant.ai (Seed, $3.1M, Jul 2026).
Element Ventures most often invests alongside Diagram Ventures, Blue Plains Capital, Humania Insurance and Humania Assurance, and the companies it backs on AI Lounge are mostly in AI.
Deals
Frequently asked questions about Element Ventures
What AI companies has Element Ventures invested in?
Element Ventures's AI investments include Curant.ai. The 2 rounds on AI Lounge are listed on this page with amounts, dates and co-investors.
Where is Element Ventures based?
Element Ventures is based in Provo, Utah, United States.
What stage does Element Ventures invest at?
In the rounds tracked on AI Lounge, Element Ventures has invested at Seed, with a median round of $3M.
Who does Element Ventures co-invest with?
Element Ventures's most frequent co-investors on AI Lounge are Diagram Ventures (2 deals), Blue Plains Capital (2 deals), Humania Insurance (1 deal) and Humania Assurance (1 deal).
How can founders reach Element Ventures?
Founders on AI Lounge can see Element Ventures's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add Element Ventures to their Investor Pipeline to track the conversation.