USA – Drive Capital, a Columbus, Ohio-based multi-strategy venture firm, closed two new funds totalling $1 billion.
With the new funds, Drive has $2.2 billion in assets under management to support founders from pre-seed to IPO.Founded in 2013, Drive Capital is a venture capital firm investing in market-defining startups located in the “Driveway”, the underinvested region in North America between the Hudson River and the Rocky Mountains. Drive invests at all stages, from idea through IPO. Of note, it first invested in Olive (AI for healthcare), Beam Benefits (employee benefits), and Path Robotics when they were pre-product, and continued to invest in each of them through multiple rounds.Over the last decade, the firm grew to manage more than $2B in total assets investing in sectors including sectors from insurance and manufacturing to energy, healthcare, finance and more.08/07/2022
