Drive Capital
 | This article may rely excessively on sources too closely associated with the subject, potentially preventing the article from being verifiable and neutral. (February 2014) |
| Company type | Private |
|---|---|
| Industry | Venture capital |
| Founded | 2013 |
| Founder | Mark Kvamme, Chris Olsen |
| Headquarters | , |
| Products | Venture capital |
| Website | drivecapital.com |
Drive Capital is a venture capital firm. The company has invested in Midwest companies, including Civis Analytics,[1] Clinc, CrossChx,[2] Duolingo,[3] FarmLogs, Muve Health, Roadtrippers, Root Insurance Company, Udacity,[4] and Vecna Robotics.[5] The organization's programs focus on establishing entrepreneurial ecosystems with a goal to support new businesses and solidify a base of operation in the midwestern United States, rather than refocusing financial investment opportunities outside of the region.[6]
In February 2014, the firm established its first $250 million venture capital fund, Drive Capital Fund I. In September 2016, the firm began investing from its second $300 million fund. [7]
Headquartered in Columbus, Ohio, the organization was founded in 2013 by Mark Kvamme and Chris Olsen, both formerly of Sequoia Capital.[8]
References
- ^ "Overview Civis Analytics". crunchbase. Retrieved 2019-04-09.
- ^ "Drive Capital | CrunchBase Profile". Crunchbase.com. 2014-01-15. Retrieved 2014-02-15.
- ^ "Duolingo - How do you say...?". CNBC. 2018-05-22. Retrieved 2019-04-09.
- ^ "Drive Capital leads $35M investment in online training provider". www.bizjournals.com. Retrieved 2019-04-10.
- ^ "Vecna Robotics Looks To The Future With New Investment, New Leadership And New Direction". markets.businessinsider.com. Retrieved 2019-04-10.
- ^ "Drive Capital founders Mark Kvamme and Chris Olsen sees ingredients for VC success in Midwest". Upstart.bizjournals.com. 2013-10-19. Retrieved 2014-02-15.
- ^ McBride, Sarah. "Ex-Sequoia partners raise $250 mln for Silicon Valley-style startups in Midwest". Reuters. Retrieved 2014-02-15.
- ^ "Drive Capital, LLC: Private Company Information - Businessweek". Investing.businessweek.com. Retrieved 2014-02-15.