Drive Capital

Founded 2012
Founders Chris Olsen Mark Kvamme

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 70
Average round size
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The average size of a deal this fund participated in
$35M
Portfolio companies 49
Rounds per year 7.78
Lead investments 23
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.37
Exits 10
Key employees 6
Stages of investment
Early Stage Venture

Areas of investment

  • Software
  • Machine Learning
  • Robotics
  • Artificial Intelligence
  • Information Technology
Summary

In 2013 was created Drive Capital, which is appeared as VC. The leading representative office of defined VC is situated in the Columbus. The fund was located in North America if to be more exact in United States.

The typical case for the fund is to invest in rounds with 3-4 participants. Despite the Drive Capital, startups are often financed by Hyde Park Venture Partners, New Enterprise Associates, Greycroft. The meaningful sponsors for the fund in investment in the same round are Hyde Park Venture Partners, Y Combinator, Silicon Valley Bank. In the next rounds fund is usually obtained by Silicon Valley Bank, Hyde Park Venture Partners, Ribbit Capital.

For fund there is a match between the location of its establishment and the land of its numerous investments - United States. The fund has no exact preference in some founders of portfolio startups. In case when startup counts 5+ of the founder, the chance for it to get the investment is meager. Among the most successful fund investment fields, there are Machine Learning, Internet. Among the various public portfolio startups of the fund, we may underline Root Insurance, Udacity, Clinc Moreover, a startup needs to be at the age of 2-3 years to get the investment from the fund.

The current fund was established by Chris Olsen, Mark Kvamme. Besides them, we counted 12 critical employees of this fund in our database.

Opposing the other organizations, this Drive Capital works on 18 percentage points less the average amount of lead investments. The high activity for fund was in 2019. The fund is generally included in 7-12 deals every year. The typical startup value when the investment from Drive Capital is more than 1 billion dollars. The common things for fund are deals in the range of 10 - 50 millions dollars. Speaking about the real fund results, this VC is 41 percentage points more often commits exit comparing to other organizations. The higher amount of exits for fund were in 2016.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Drive Capital:
Typical Co-investors
Drive Capital is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Drive Capital:

Funds with similar focus

Funds from United States, Columbus
Funds with similar focus located in United States, Columbus:
Funds with the same geo focus
Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRoundRound SizeDateInvestorsLocation

Branch

Collaboration
Enterprise Software
Financial Services
FinTech
Mobile
Mobile Payments
Productivity Tools
Retail Technology
Software
1
$48M17 Aug 2021 United States, Minneapolis

SonderMind

Health Care
Marketplace
mHealth
Software
Therapeutics
Wellness
1
$150M28 Jul 2021 United States, Denver

SoloLearn

E-Learning
Education
Mobile
1
$24M21 Jul 2021 United States, " United States"}

Algolux

Artificial Intelligence
Automotive
Autonomous Vehicles
Computer Vision
Internet of Things
Machine Learning
Robotics
Software
1
$18M12 Jul 2021 Canada, Montreal

SkyWatch

Big Data
Cloud Computing
Information Technology
1
$16M15 Jun 2021 Canada, Waterloo

Relay Platform Inc

Insurance
InsurTech
Software
1
$5M03 May 2021 Canada, Old Toronto

Forge Biologics

Biotechnology
Medical
Therapeutics
1
$120M29 Apr 2021 United States, " United States"}

Analytics
Big Data
Business Intelligence
Cloud Data Services
Data Integration
Database
IT Infrastructure
1
$15M13 Apr 2021 United States, San Francisco

CirrusMD

Health Care
Hospital
mHealth
Mobile Devices
1
$20M31 Mar 2021 United States, Denver
News
Branch Secures Over $540 Million to Accelerate Flexible Workforce Payments

– Branch, which helps businesses accelerate payments to empower working Americans, announced it has raised over $540m to fuel its momentum in delivering flexible workforce payments.
Addition led the closing of a $48m Series B funding round with participation from Drive Capital, Crosscut Ventures, Bonfire Ventures, Matchstick Ventures, and HR Tech Investments, a subsidiary of Recruit Holdings Co., Ltd., among other investors.
– The company has also secured $500m in purchased assets from funds managed by Neuberger Berman.
– With over 300% growth year over year, Branch will use the funding to deliver faster payments and inclusive financial services to W-2 and 1099 workforces through partnerships with employers, gig platforms, staffing companies, and other businesses.

SonderMind Raises $150M in Series C Funding

– SonderMind Inc. from Denver, CO develops behavioral health technology to improve mental health clinical outcomes.
– Company closed $150m Series C financing.
– The round was co-led by new investors Drive Capital and Premji Invest with participation from General Catalyst, Partners Group, Smash Ventures, Kickstart Fund, F-Prime Capital, Founders Circle Capital, Zoma Foundation and FCA Venture Partners.
– The new investment will be used to accelerate the company’s expansion into all 50 states.

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