Drive Capital

COLUMBUS, OH

Drive Capital has raised over $1.2B across 7 funds since 2008. Founded in 2013 by Chris Olsen and Mark Kvamme — both former Sequoia Capital partners — Drive Capital is headquartered in Columbus, Ohio, and focuses on technology companies in the Midwest. The firm has backed Root Insurance, Duolingo, Path Robotics, and Olive AI, with a thesis that world-class companies can be built anywhere.

Funds Raised

Total $ Raised

$1.2B

Est. Dry Powder

4yr linear

Last Fund

2019-04-05

Estimated dry powder over time

Linear 4-year deployment model per fund

All funds (7)

Fund	Raise Date	Filed	Raised	Est. Dry Powder	SEC
Drive Capital Fund IV, L.P.	Currently Raising	2021-09-22	—	Deployed	↗
Drive Capital Fund III, L.P.	2019-04-05	2019-11-04	$350M	Deployed	↗
Drive Capital Fund III (TE), L.P.	2019-04-05	2019-11-04	$350M	Deployed	↗
Drive Capital Fund II (TE), L.P.	2016-06-29	2016-08-31	$137M	Deployed	↗
Drive Capital Fund II, L.P.	2016-02-19	2016-08-31	$159M	Deployed	↗
DRIVE CAPITAL FUND I, L.P.	2013-07-24	2013-12-27	$225M	Deployed	↗
Drive Capital Fund V, L.P.	Currently Raising	2025-12-15	—	Deployed	↗