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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

Invested in

Associated Investment Funds

Patents

Funding Rounds Participated In

Further Resources

Title
Author
Link
Type
Date

News

Title
Author
Date
Publisher
Description
Dave Muoio
July 28, 2021
FierceHealthcare
Currently active in 10 states, the Denver-based behavioral health startup is now looking to scale its patient-therapist matching platform across the U.S.
Ingrid Lunden
July 21, 2021
TechCrunch
Coding is not just for engineers and computer programmers anymore: The pace of technology and its growing ubiquity mean that even nontech roles will require workers to have some degree of knowledge to do their jobs in the future. Today a company called Sololearn -- which has built a popular mobile-first education platform to meet [...]
Ingrid Lunden
July 21, 2021
TechCrunch
Coding is not just for engineers and computer programmers anymore: the pace of technology and its growing ubiquity mean that even non-tech roles will require workers to have some degree of knowledge to do their jobs in the future. Today a company called Sololearn -- which has built a popular mobile-first education platform to meet [...]
SkyWatch
June 15, 2021
www.prnewswire.com:443
/PRNewswire/ -- SkyWatch Space Applications Inc. ("SkyWatch"), a Waterloo-based space technology startup, announced today the completion of a $17.2M USD Series...
Connie Loizos
April 15, 2021
TechCrunch
Dan Gilbert loves his hometown of Detroit. He loves it so much that the billionaire founder of what would eventually become the mortgage lender Quicken Loans has poured at least $2.5 billion into rehabilitating buildings in the heart of the city. He has also invested in many companies that are now tenants in those buildings, [...]
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References

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