Drive Capital is a venture and private capital firm investing in companies primarily operating out of the America Midwest that is headquartered in Columbus, Ohio and was founded in 2012 by Chris Olsen and Mark Kvamme. According to the companies website as of October 2019, Drive Capital has over $30 billion in exits between its partners, has partnered with over 100 partners, and met with over 7000 entrepreneurs since 2013. Notable investment made by Drive Capital include: CrossChx, Aver, Duolingo, Branch, ChannelIQ, Comply 365, Immuta, Hologram, and Lightstream.
The first venture capital fund raised by Drive Capital was worth $250 million and was invested into 13 companies; 12 in the Midwest and one company in San Francisco, California.
On August 29, 2016 Drive Capital announced raising $300 million for their second investment fund. Chris Olsen, a founder of Drive Capital, commented on the companies plans to use the investment fund to continue to make investments in companies operating out of the Midwest by saying:
What's interesting is that most of these companies, when you really do a hard look at who the customers are and where they're located, they're probably not in Silicon Valley. If you're selling into healthcare or finance or telecom or any retail, the headquarters of those customers are out here. We find there's an advantage for companies to be close to their customers.
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