Two ex-Sequoia investors who ditched Silicon Valley for Ohio raised a $350 million fund to bring venture capital to America’s heartland
|11/06/2019||Posted by BusinessMediaguide.Com under General World News||
- Drive Capital, a venture capital firm based in Columbus, Ohio, has raised a $350 million fund to invest in Midwestern startups.
- The firm’s founders came from venture capital powerhouse Sequoia Capital and moved to find new opportunities.
- While most U.S. venture capital investment ends up in California, about three-quarters of Drive Capital’s portfolio companies have headquarters in the Midwest.
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Drive Capital, a venture capital firm founded by Sequoia Capital alums and focused on investing in the Midwest, has raised a third fund to inject millions into the country’s unlikely startup hub in the heartland.
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