Golden
Drive Capital

Drive Capital

A venture and private capital firm investing in companies operating primarily out of the America Midwest.

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.

Investment funds

First Fund

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. 

Second fund

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.



Timeline

Funded Companies

12 Results
Company
Company
Description
Description
Website
Website
Industry
Industry
Location
Location

Greenlight Financial Technology is an Atlanta-based company offering a debit cards for kids parents can manage by app.

FarmLogs is a company providing a platform that gives operational data insights to row crop farmers.

Roadtrippers is a Cincinnati-based company in the automotive industry founded by James Fisher, Tatiana Parent and John Lauck.

Free language-learning and crowdsourced text translation platform

Beam Technologies is a company founded by Alex Curry, Dan Dykes and Alex X Frommeyer.

Software-defined interconnect company

Associated investment funds

5 Results
Investment Fund
Investment Fund
Total offering (USD)
Total offering (USD)
Total sold (USD)
Total sold (USD)
Location
Location
Date signed
Date signed
300,000,000
136,836,735
August 30, 2016
250,000,000
202,100,000
March 1, 2016
300,000,000
181,000,000
August 6, 2013
4,760,000
4,760,000
October 13, 2014
5,000,000
4,900,000
December 19, 2016

People

Name
Role
LinkedIn

Chris Olsen

Founder



Ned Schwartz

Partner



Zach Boerger

Employee



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Companies

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References