LVX (formerly LetsVenture) has unveiled Elvix, an AI-powered intelligence platform designed to simplify deal evaluation and decision-making for private market investors
LVX founder and CEO Shanti Mohan told Inc42 that the platform has been trained on over 4.5 Lakh documents collected over the past decade
Notably, the firm is positioning Elvix as a research and intelligence tool for high-net-worth individuals
Bengaluru-based VC firm LVX (formerly LetsVenture) has unveiled Elvix, an AI-powered intelligence platform designed to simplify deal evaluation and decision-making for private market investors.
LVX founder and CEO Shanti Mohan told Inc42 that the platform has been trained on over 4.5 Lakh documents collected over the past decade, including startup pitch decks, investment committee memos, term sheets, shareholder agreements, post investment portfolio reports, and investor Q&A records.
Elvix analyses investment opportunities across more than 320 data points before they are reviewed by humans. The VC firm claimed that the platform automatically generates investment memos, compares companies with peers, and analyses how macroeconomic developments could affect their performance. It also claims to identify potential exit opportunities for investors.
LVX is positioning Elvix as a research and intelligence tool for high-net-worth individuals (HNIs), offering it through a monthly subscription model for individual investors. Institutional investors, including VC firms and family offices, can access the platform free of charge. Notably, Elvix is currently available for free to all users.
“ChatGPT made AI accessible to consumers. We want to do something similar for private market investing by building a specialised language model for the asset class,” Mohan said.
The platform is built on a combination of proprietary AI models, a vector database and a Model Context Protocol (MCP) architecture, the VC firm said. With Elvix, LVX is looking to tap India’s growing base of HNIs, which currently stands at over 8 Lakh.
The development comes at a time when LVX is broadening its focus beyond early-stage startup investing. Last year, LetsVenture rebranded itself as LVX as part of its push into the growth-stage investment segment.
Founded in 2013 by Mohan and Sanjay Jha, LVX provides a full-stack marketplace for angel investments in startups. It counts Accel, Chiratae Ventures, Ratan Tata, Mohandas Pai and Anupam Mittal among its key backers. It claims to have onboarded more than 900 portfolio companies and 14,000 investors.
LVX counts the likes of StockGro, GIVA, LeverageEdu, Fasal, YuluFarMart, among others, as its portfolio startups.
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