GoldenGolden
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

Associated investment funds

People

Name
Role
LinkedIn

Chris Olsen

Founder

Ned Schwartz

Partner

Zach Boerger

Employee

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
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, [...]
Circulo
February 19, 2021
www.prnewswire.com:443
/PRNewswire/ -- Circulo starts with $50M out of the gate to bring much needed, disruptive innovation to Medicaid Managed Care. Medicaid is a cornerstone of the...
AlleyWatch
January 30, 2021
AlleyWatch
The Pulse of New York Tech
Berber Jin
November 9, 2020
Business Insider
These 100 venture capitalists don't work for the big-name Silicon Valley firms, but are changing the face of early-stage startups.
Jonathan Shieber
December 16, 2019
TechCrunch
Gecko Robotics has landed $40 million in financing as it looks to build an additional 40 robots over the next year to meet what the company sees as growing demand for its safety and infrastructure monitoring services. "We are growing fast solving critical infrastructure problems that affect our lives, and can even save lives," says [...]
Melia Russell
November 6, 2019
Business Insider
Drive Capital, a venture capital firm based in Columbus, Ohio, has raised a $350 million fund to invest in Midwestern startups.

References

Golden logo
Text is available under the Creative Commons Attribution-ShareAlike 4.0; additional terms apply. By using this site, you agree to our Terms & Conditions.