Venture firm Elevar raises $74m in its third fund, with LPs including a university endowment.

Elevar Equity, a Seattle-based venture capital firm, has raised $74m for its third fund to be focused on early-stage firms operating in financial, education, housing, and healthcare sectors for low-income communities.

The fund, which brings Elevar’s total under management to $165m, brought in investors Rockefeller Brothers Fund, Oblate International Pastoral Investment Trust, JPMorgan, Omidyar Network, Prudential Financial, the Rockefeller Foundation, Blue Haven Initiative, Treehouse Investments, as well as an unnamed university endowment. Given the location, the endowment investment could be belong to one of Washington state’s universities, such as Washington University.

Maya Chorengel, managing director of Elevar Equity, said: “We are pleased to have raised this fund, like our first two, purely from marquee private investors, a unique distinction among emerging market impact funds. With 6 new investments already for EE III, adding to our first two funds’ 16 companies, we are touching over 18 million low-income households.”