Drive Capital

629 N. High Street
Columbus, OH 43215

Website: drivecapital.com

Firm Size

  • Assets Under Management (AUM):$2.4 Billion
  • Number of Funds:17
  • Employees:
  • Firm Type:Venture Capital
  • Focus Areas: Software & Technology
    Healthcare


Description

Drive Capital LLC is a venture capital firm based in Columbus, Ohio. Founded in 2012, the firm specializes in investing in early-stage technology companies, with a focus on the Midwest region. Drive Capital has a unique approach to investing, aiming to identify and support high-growth startups in industries such as healthcare, education, transportation, and enterprise software. The firm boasts a strong network of industry experts and entrepreneurs, providing its portfolio companies with valuable resources, guidance, and connections. Drive Capital understands the unique challenges and opportunities faced by Midwest-based startups and actively seeks to address them by nurturing and growing the local tech ecosystem. With a total capital under management exceeding $1.2 billion, Drive Capital has made significant investments in numerous successful companies. Some notable portfolio companies include Root Insurance, Beam Dental, Duolingo, and Olive. The firm's investments have contributed to generating job opportunities, attracting talent, and fostering innovation in the Midwest. Drive Capital's headquarters in Columbus enables it to have a close connection with the region and actively engage in the local community. It has played a crucial role in positioning Columbus as a rising technology hub and has been instrumental in driving economic growth and development in the area. Overall, Drive Capital LLC is a prominent venture capital firm that focuses on investing in early-stage Midwest-based technology companies. With its strategic approach, extensive network, and regional expertise, Drive Capital aims to support and fuel the growth of innovative startups in Columbus and beyond.

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Jun 12, 2024: Stanly Raises $8 Million in Pre-Series A Round, Aims to Revolutionize Fandom Experience
Stanly, the innovative platform designed exclusively for fans to connect, engage, and celebrate their favorite fandoms, has successfully raised $8 million in pre-Series A funding. The round was led by Adrian Cheng's C Capital, with participation from AppWorks, Goodwater, Palm Drive Capital, and more.

May 16, 2024: Voxel51 Raises $30M Series B Funding to Make Visual AI a Reality
Voxel51 , the leader in visual AI, today announced that it has closed a $30M Series B funding round. The round was led by Bessemer Venture Partners, with participation from new investor Tru Arrow Partners and existing investors Drive Capital, Top Harvest Capital, Shasta Ventures and ID Ventures. Voxel51 will use this funding to scale up its go-to-market organization, expand its community, invest in AI research and accelerate its roadmap to meet the growing market demand for solutions that unlock the value of visual AI.

Mar 26, 2024: Popularium Raises $2M Seed Round From Prominent Investors
Popularium today announced the close of a $2M seed financing round, backed by prominent investors as well as games and media executives including Palm Drive Capital, The Data Economics Company, Eden Chen (Pragma) investing via the a16z Scout Fund, Reverb Ventures and Dave Nemetz , Pareto (founded by Edward Lando ), Exit Capital, The Society of Entertainment, Bryan Goldberg (Bustle Digital Group, Bleacher Report), Dan Black (Gearbox), Dhani Jones (ex-NFL), and Avi Ben-Menahem (ex-Xbox: Ori and the Blind Forest, Phantom Dust ).

Oct 11, 2023: Greystar Expands Rental Housing Options in Atlanta with Four Apartment Communities Nearing Completion
Greystar Real Estate Partners, LLC ("Greystar"), a global leader in the investment, development, and management of real estate, including rental housing, logistics and life sciences, is pleased to announce that it is now leasing 1,378 new residential units in Metro Atlanta.

Aug 22, 2023: Novig Announces $6.4M in Seed Funding from Leading Investors Ahead of Launch in Colorado
Novig , a high-frequency, commission-free sports betting exchange, announced today that it has completed a seed funding round totaling $6.4 million from a group of prominent investors ahead of its launch in Colorado . Funding was led by Lux Capital with participation from Y Combinator, Paul Graham , Joe Montana , Soma Capital, Innospark Ventures, Rebel Fund, Bayhouse Capital, Arash Ferdowsi (Dropbox), Austen Allred , Alan Rutledge , Ravi Sheth , Archon Capital, Palm Drive Capital, TRAC, True Culture Fund, CapitalX, and many others.

May 30, 2023: Smart Agriculture Industry Creates Roadmap for Sustainable Future through ESG Investments - Astra ESG Solutions
Stakeholders are establishing ethos to bolster environmental, social and governance (ESG) performance in the smart agriculture industry. Forward-looking players are enriching the lives of producers and consumers through sustainable innovation to minimize environmental footprint. State-of-the-art technologies, including precision farming, automation, sensors and cloud computing, have become the next big thing in the agriculture industry. ESG investors are expected to drive capital flows to help farmers overcome livelihood and other barriers to adopting environmentally friendly smart technologies.