# Drive Capital

> Drive Capital is a Columbus venture capital firm backing technology businesses from pre-seed through growth, with a focus on founders beyond Silicon Valley. Its portfolio spans software, financial services, healthcare and industrial technology; its seed program pairs capital with local investors and recruiting support.

- **Founded:** 2013
- **Headquarters:** Columbus, United States
- **Founders:** Chris Olsen (Co-founder and Partner), Mark Kvamme (Co-founder; stepped back from leadership in 2022)
- **Products:** Venture and growth investment, Seed Program, Portfolio talent support
- **Notable:** Root became a public company in 2020; Duolingo followed in 2021., Announced $1 billion across two new funds in June 2022, bringing reported AUM to $2.2 billion., Portfolio company Forge Biologics agreed to a $620 million enterprise-value acquisition in 2023; the acquisition closed that December.

## Products & services

- **Venture and growth investment** — Equity investment and founder support from early company formation through later growth; the firm describes its remit as idea to IPO.
- **Seed Program** — Announced with $80 million allocated for $500,000 investments in pre-seed and seed companies. The current program advertises a $500,000 SAFE and lists Austin, Atlanta, Boulder, Chicago, Columbus and Toronto.
- **Portfolio talent support** — Talent partners and a public job board support hiring across portfolio companies.

## Achievements

- Root became a public company in 2020; Duolingo followed in 2021.
- Announced $1 billion across two new funds in June 2022, bringing reported AUM to $2.2 billion.
- Portfolio company Forge Biologics agreed to a $620 million enterprise-value acquisition in 2023; the acquisition closed that December.
- Ranked No. 93 in TIME and Statista’s 2025 list of U.S. venture capital firms.

## Latest updates

- **2026-06** — SEC adviser information lists Drive Capital LLC registration as approved effective June 17, 2026.
- **2026-03** — Led Conduit Health’s $17 million Series A.
- **2026-01** — Led Alpaca’s $150 million Series D at a $1.15 billion valuation for Alpaca; Chris Olsen joined its board.
- **2025-08** — Appeared at No. 93 on TIME and Statista’s U.S. venture capital firms ranking.

## Links

- Website: https://drivecapital.com/
- LinkedIn: https://www.linkedin.com/company/drivecapital/
- Twitter/X: https://twitter.com/drivecapital
- YouTube: https://www.youtube.com/c/DriveCapital
- Facebook: https://www.facebook.com/drivecapital

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Profile page: https://yespress.io/drive-capital
Published by YesPress — https://yespress.io
Last updated: 2026-10-25