Drive Capital
UnclaimedAt a Glance
- Check Size
- $5M – $30M
- Stage
- Seed, Series A, Series B+
- Sectors
- Digital Health, Fintech, AI
- Founded
- 2012
- HQ
- Columbus, OH
About Drive Capital
Drive Capital is a venture capital firm based in Columbus, OH founded in 2012. The firm focuses on Seed, Series A, Series B+ investments across sectors including Digital Health, Fintech, AI. The firm manages $750M in assets under management. Notable portfolio companies include Root Insurance, Olive, Branch, MapAnything, Updox, Aver and Nextech. Invests in B2B software and technology companies in the Midwest and adjacent regions, believing in the competitive advantages of building outside traditional tech hubs.
Investment Thesis
“Invests in B2B software and technology companies in the Midwest and adjacent regions, believing in the competitive advantages of building outside traditional tech hubs.”
Sector Focus
Investment Stage
Notable Portfolio Companies
Fund History
- Drive has raised in paired early-stage and growth vehicles from Columbus since 2013.
- Form D filings show Fund I offering $300 million and selling $224.5 million after a July 2013 first sale.
- Fund II opened in February 2016 and sold roughly $295 million across its main and tax-exempt partnerships.
- Fund III closed the full $350 million it offered in 2019, and the simultaneous Overdrive Fund I, Drive's first growth pool, sold $300.6 million against a $400 million target.
- In September 2021 the firm filed Fund IV at $350 million and Overdrive Fund II at $600 million.
- The 2025 generation is materially larger: Fund V filed in December 2025 at a $540 million target and Overdrive Fund III at $810 million.
- Drive also runs small Ignition vehicles alongside each flagship, from $4 million to $5 million in the 2014-2022 era up to $50 million for Ignition Fund V and $100 million for Overdrive Ignition Fund III, plus a $17.3 million 2022 co-investment fund and a $20 million Atlanta Seed Fund I filed in 2023.
SEC Fund Filings
- Vehicles filed, last 24 months
- 4
- Latest filing
Drive Capital filed a Form D for 4 fund vehicles between Sep 30, 2024 and Sep 29, 2026.
| Fund vehicle | Source |
|---|---|
| Drive Capital Fund V, L.P. | SEC Form D, filed |
| Drive Capital Overdrive Fund III, L.P. | SEC Form D, filed |
| Drive Capital Overdrive Ignition Fund III, L.P. | SEC Form D, filed |
| Drive Capital Ignition Fund V, L.P. | SEC Form D, filed |
A Form D is the notice a fund files with the SEC when it raises money in a private offering. Feeder funds, parallel funds and SPVs each file their own, so the count measures filing activity, not the number of flagship funds.
Source: SEC EDGAR Form D filings for pooled investment funds, original filings only (amendments excluded). Our filing data starts Jul 1, 2024. Vehicles are matched to Drive Capital by fund name and checked against the sponsor address and named principals on each filing; offering amounts are not shown. Each “SEC Form D” link opens an EDGAR full-text search for that vehicle’s exact name, where the filing itself is listed. See every new fund filing on the Form D Radar.
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Frequently Asked Questions
What stage does Drive Capital invest at?
Drive Capital primarily invests at the Seed, Series A, Series B+ stages. This means they focus on companies that are building their initial product and finding product-market fit.
Where is Drive Capital located?
Drive Capital is headquartered in Columbus, OH. Many of their portfolio companies are also based in this region, though they invest across geographies.
What sectors does Drive Capital focus on?
Drive Capital focuses on investments in Digital Health, Fintech, AI. Their portfolio reflects deep expertise and networks within these sectors.
What is Drive Capital's typical check size?
Drive Capital's typical investment check size ranges from $5M to $30M. Actual amounts may vary based on the stage, sector, and specific opportunity.
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