Drive Capital

Drive Capital, established in 2012, is a Columbus, Ohio-based venture capital firm focused on investing in innovative technology, healthcare, and consumer companies in the Midwest. The firm seeks to partner with audacious entrepreneurs addressing large market opportunities, with a particular interest in information technology, financial services, and mobile sectors. Drive Capital invests at various stages, from seed to later-stage, with a flexible investment size ranging from $100,000 to tens of millions. The firm's mission is to support entrepreneurs building large, sustainable companies in the Heartland region, stretching from Pittsburgh to Kansas City to Minneapolis.

Molly Bonakdarpour

General Partner

Andrew Jenks

Partner and General Partner

Masha Khusid

Partner

Mark Kvamme

Partner

Yasmine Lacaillade

Network Partner

Marcos Martinez-Villalba

Partner

Erandi De Silva

Partner

John Volquez

Partner

Past deals in Ohio

Path Robotics

Series D in 2024
Path Robotics, Inc., based in Cleveland, Ohio, specializes in the manufacture of autonomous welding robots. Founded in 2018, the company focuses on designing robotic welding systems that utilize artificial intelligence and machine learning to enhance precision and adaptability in manufacturing processes. These advanced systems automate repetitive welding tasks, helping manufacturers boost productivity while reducing initial costs. By addressing workforce challenges in the manufacturing sector, Path Robotics offers effective automation solutions that streamline operations. Their robots are engineered to autonomously locate and weld seams, significantly reducing production time and improving quality by minimizing errors and inconsistencies. This technology enables industries to simplify their production processes and enhance overall efficiency.

Forge Biologics

Series C in 2022
Forge Biologics, Inc. is a contract development and manufacturing organization based in Columbus, Ohio, focused on developing and manufacturing gene therapies and genetic medicines. The company specializes in viral vector gene therapies aimed at treating genetic diseases, including a novel approach combining adeno-associated virus (AAV) with umbilical cord transplants for infantile Krabbe disease, a severe neurodegenerative condition. Founded in 2019, Forge Biologics partners with scientists, healthcare professionals, and biotech and pharmaceutical companies to facilitate the transition of gene therapy programs from preclinical development to clinical and commercial-scale production. By providing end-to-end capabilities, the company aims to accelerate the availability of transformative medicines for patients suffering from rare genetic disorders.

Path Robotics

Series B in 2021
Path Robotics, Inc., based in Cleveland, Ohio, specializes in the manufacture of autonomous welding robots. Founded in 2018, the company focuses on designing robotic welding systems that utilize artificial intelligence and machine learning to enhance precision and adaptability in manufacturing processes. These advanced systems automate repetitive welding tasks, helping manufacturers boost productivity while reducing initial costs. By addressing workforce challenges in the manufacturing sector, Path Robotics offers effective automation solutions that streamline operations. Their robots are engineered to autonomously locate and weld seams, significantly reducing production time and improving quality by minimizing errors and inconsistencies. This technology enables industries to simplify their production processes and enhance overall efficiency.

Forge Biologics

Series B in 2021
Forge Biologics, Inc. is a contract development and manufacturing organization based in Columbus, Ohio, focused on developing and manufacturing gene therapies and genetic medicines. The company specializes in viral vector gene therapies aimed at treating genetic diseases, including a novel approach combining adeno-associated virus (AAV) with umbilical cord transplants for infantile Krabbe disease, a severe neurodegenerative condition. Founded in 2019, Forge Biologics partners with scientists, healthcare professionals, and biotech and pharmaceutical companies to facilitate the transition of gene therapy programs from preclinical development to clinical and commercial-scale production. By providing end-to-end capabilities, the company aims to accelerate the availability of transformative medicines for patients suffering from rare genetic disorders.

Beam

Series E in 2021
Beam Technologies Inc. is a dental benefits company based in Columbus, Ohio, founded in 2012. It specializes in providing digital-first dental insurance plans that emphasize preventive care and ease-of-use. Beam’s offerings include dental insurance, which features perks such as floss, toothpaste, and the Beam Brush—a wirelessly connected toothbrush that allows users to track and monitor their brushing habits through a smartphone app. The company incorporates rewards for maintaining good dental hygiene into its policy pricing, making it a unique player in the dental benefits market.

Circulo

Series A in 2021
Circulo Health is a Medicaid insurance company based in Columbus, Ohio, focused on delivering technology-enabled care to underserved populations. The company operates a medical insurance platform that collaborates with hospitals to provide affordable healthcare services to the sickest and poorest individuals. By leveraging technology, Circulo aims to improve access to proper healthcare for underprivileged communities, ensuring that those in need receive essential medical support.

Physna

Series B in 2021
Physna LLC, founded in 2015 and based in Cincinnati, Ohio, specializes in geometric deep-learning and 3D search technology. The company has developed a software platform that analyzes, compares, and codifies 3D models, facilitating quality control and automated inspection in various industries, including manufacturing, aerospace, automotive, and consumer goods. Physna also owns Thangs.com, a rapidly growing 3D community and search engine. By transforming 3D files into a structured format that software applications can understand, Physna aims to bridge the gap between physical objects and digital code. This innovation enables broader access to 3D design and analysis, fostering advancements in product design, 3D printing, augmented and virtual reality, and other fields, thus supporting increased efficiency and productivity in manufacturing.

Beam

Venture Round in 2021
Beam Technologies Inc. is a dental benefits company based in Columbus, Ohio, founded in 2012. It specializes in providing digital-first dental insurance plans that emphasize preventive care and ease-of-use. Beam’s offerings include dental insurance, which features perks such as floss, toothpaste, and the Beam Brush—a wirelessly connected toothbrush that allows users to track and monitor their brushing habits through a smartphone app. The company incorporates rewards for maintaining good dental hygiene into its policy pricing, making it a unique player in the dental benefits market.

Olive

Venture Round in 2020
Olive deploys the AI workforce built specifically for healthcare, delivering hospitals and health systems increased revenue, reduced costs, and increased capacity. Olive automates repetitive, high-volume tasks and workflows, monitoring their performance, identifying improvements, and finding opportunities for new work. Olive gives power back to providers through her ever-growing, unparalleled intelligence made up of shared memories, collective wisdom, and global awareness, learning like a network so hospitals never have to solve the same problem twice. Olive was founded in 2012 and is headquartered in Columbus, Ohio.

Olive

Series F in 2020
Olive deploys the AI workforce built specifically for healthcare, delivering hospitals and health systems increased revenue, reduced costs, and increased capacity. Olive automates repetitive, high-volume tasks and workflows, monitoring their performance, identifying improvements, and finding opportunities for new work. Olive gives power back to providers through her ever-growing, unparalleled intelligence made up of shared memories, collective wisdom, and global awareness, learning like a network so hospitals never have to solve the same problem twice. Olive was founded in 2012 and is headquartered in Columbus, Ohio.

Forge Biologics

Series A in 2020
Forge Biologics, Inc. is a contract development and manufacturing organization based in Columbus, Ohio, focused on developing and manufacturing gene therapies and genetic medicines. The company specializes in viral vector gene therapies aimed at treating genetic diseases, including a novel approach combining adeno-associated virus (AAV) with umbilical cord transplants for infantile Krabbe disease, a severe neurodegenerative condition. Founded in 2019, Forge Biologics partners with scientists, healthcare professionals, and biotech and pharmaceutical companies to facilitate the transition of gene therapy programs from preclinical development to clinical and commercial-scale production. By providing end-to-end capabilities, the company aims to accelerate the availability of transformative medicines for patients suffering from rare genetic disorders.

Olive

Series E in 2020
Olive deploys the AI workforce built specifically for healthcare, delivering hospitals and health systems increased revenue, reduced costs, and increased capacity. Olive automates repetitive, high-volume tasks and workflows, monitoring their performance, identifying improvements, and finding opportunities for new work. Olive gives power back to providers through her ever-growing, unparalleled intelligence made up of shared memories, collective wisdom, and global awareness, learning like a network so hospitals never have to solve the same problem twice. Olive was founded in 2012 and is headquartered in Columbus, Ohio.

Root Insurance

Series E in 2019
Root Insurance Company is a property-casualty insurtech based in Columbus, Ohio, that specializes in providing car insurance across the United States. Founded in 1998 and rebranded in 2016, the company leverages smartphone technology to assess driving behavior, such as braking patterns and speed, allowing it to identify safe drivers and offer them personalized, affordable insurance rates. Root Insurance provides a range of coverage options, including liability for bodily injury and property damage, as well as non-liability options like collision, comprehensive, and rental coverage. In addition to auto insurance, Root also offers app-based renters insurance, designed to be straightforward and tailored to consumer needs. The company operates as a subsidiary of IBOD COMPANY, Inc. and is committed to modernizing the car insurance industry through technology-driven solutions.

Physna

Series A in 2019
Physna LLC, founded in 2015 and based in Cincinnati, Ohio, specializes in geometric deep-learning and 3D search technology. The company has developed a software platform that analyzes, compares, and codifies 3D models, facilitating quality control and automated inspection in various industries, including manufacturing, aerospace, automotive, and consumer goods. Physna also owns Thangs.com, a rapidly growing 3D community and search engine. By transforming 3D files into a structured format that software applications can understand, Physna aims to bridge the gap between physical objects and digital code. This innovation enables broader access to 3D design and analysis, fostering advancements in product design, 3D printing, augmented and virtual reality, and other fields, thus supporting increased efficiency and productivity in manufacturing.

Beam

Series D in 2019
Beam Technologies Inc. is a dental benefits company based in Columbus, Ohio, founded in 2012. It specializes in providing digital-first dental insurance plans that emphasize preventive care and ease-of-use. Beam’s offerings include dental insurance, which features perks such as floss, toothpaste, and the Beam Brush—a wirelessly connected toothbrush that allows users to track and monitor their brushing habits through a smartphone app. The company incorporates rewards for maintaining good dental hygiene into its policy pricing, making it a unique player in the dental benefits market.

Path Robotics

Series A in 2018
Path Robotics, Inc., based in Cleveland, Ohio, specializes in the manufacture of autonomous welding robots. Founded in 2018, the company focuses on designing robotic welding systems that utilize artificial intelligence and machine learning to enhance precision and adaptability in manufacturing processes. These advanced systems automate repetitive welding tasks, helping manufacturers boost productivity while reducing initial costs. By addressing workforce challenges in the manufacturing sector, Path Robotics offers effective automation solutions that streamline operations. Their robots are engineered to autonomously locate and weld seams, significantly reducing production time and improving quality by minimizing errors and inconsistencies. This technology enables industries to simplify their production processes and enhance overall efficiency.

Finite State

Seed Round in 2017
Finite State, Inc. is a cybersecurity company focused on securing Internet of Things (IoT) devices, networks, and supply chains. The company offers a platform that conducts in-depth firmware analysis to identify vulnerabilities that may affect connected devices. This platform generates comprehensive risk reports for each device, detailing an overall risk score, a software bill of materials, known vulnerabilities, potential backdoors, and other security deficiencies. Finite State's services are designed to enhance vulnerability management and threat intelligence for clients in various sectors, including automotive, healthcare, energy, and critical infrastructure. Established in 2017 and headquartered in Columbus, Ohio, the company employs advanced techniques such as static and dynamic analysis, reverse engineering, and machine learning to provide insights into the security posture of IoT ecosystems.

Beam

Series B in 2017
Beam Technologies Inc. is a dental benefits company based in Columbus, Ohio, founded in 2012. It specializes in providing digital-first dental insurance plans that emphasize preventive care and ease-of-use. Beam’s offerings include dental insurance, which features perks such as floss, toothpaste, and the Beam Brush—a wirelessly connected toothbrush that allows users to track and monitor their brushing habits through a smartphone app. The company incorporates rewards for maintaining good dental hygiene into its policy pricing, making it a unique player in the dental benefits market.

Root Insurance

Series B in 2017
Root Insurance Company is a property-casualty insurtech based in Columbus, Ohio, that specializes in providing car insurance across the United States. Founded in 1998 and rebranded in 2016, the company leverages smartphone technology to assess driving behavior, such as braking patterns and speed, allowing it to identify safe drivers and offer them personalized, affordable insurance rates. Root Insurance provides a range of coverage options, including liability for bodily injury and property damage, as well as non-liability options like collision, comprehensive, and rental coverage. In addition to auto insurance, Root also offers app-based renters insurance, designed to be straightforward and tailored to consumer needs. The company operates as a subsidiary of IBOD COMPANY, Inc. and is committed to modernizing the car insurance industry through technology-driven solutions.

Root Insurance

Series A in 2016
Root Insurance Company is a property-casualty insurtech based in Columbus, Ohio, that specializes in providing car insurance across the United States. Founded in 1998 and rebranded in 2016, the company leverages smartphone technology to assess driving behavior, such as braking patterns and speed, allowing it to identify safe drivers and offer them personalized, affordable insurance rates. Root Insurance provides a range of coverage options, including liability for bodily injury and property damage, as well as non-liability options like collision, comprehensive, and rental coverage. In addition to auto insurance, Root also offers app-based renters insurance, designed to be straightforward and tailored to consumer needs. The company operates as a subsidiary of IBOD COMPANY, Inc. and is committed to modernizing the car insurance industry through technology-driven solutions.

Olive

Series C in 2016
Olive deploys the AI workforce built specifically for healthcare, delivering hospitals and health systems increased revenue, reduced costs, and increased capacity. Olive automates repetitive, high-volume tasks and workflows, monitoring their performance, identifying improvements, and finding opportunities for new work. Olive gives power back to providers through her ever-growing, unparalleled intelligence made up of shared memories, collective wisdom, and global awareness, learning like a network so hospitals never have to solve the same problem twice. Olive was founded in 2012 and is headquartered in Columbus, Ohio.

Olive

Series B in 2015
Olive deploys the AI workforce built specifically for healthcare, delivering hospitals and health systems increased revenue, reduced costs, and increased capacity. Olive automates repetitive, high-volume tasks and workflows, monitoring their performance, identifying improvements, and finding opportunities for new work. Olive gives power back to providers through her ever-growing, unparalleled intelligence made up of shared memories, collective wisdom, and global awareness, learning like a network so hospitals never have to solve the same problem twice. Olive was founded in 2012 and is headquartered in Columbus, Ohio.

Beam

Series A in 2014
Beam Technologies Inc. is a dental benefits company based in Columbus, Ohio, founded in 2012. It specializes in providing digital-first dental insurance plans that emphasize preventive care and ease-of-use. Beam’s offerings include dental insurance, which features perks such as floss, toothpaste, and the Beam Brush—a wirelessly connected toothbrush that allows users to track and monitor their brushing habits through a smartphone app. The company incorporates rewards for maintaining good dental hygiene into its policy pricing, making it a unique player in the dental benefits market.

Roadtrippers

Series A in 2013
Roadtrippers, Inc. is a travel technology company based in Cincinnati, Ohio, founded in 2011. It operates a website and mobile application that facilitate road trip planning by enabling users to discover, book, and purchase travel experiences. The platform features a comprehensive database of points-of-interest tailored for road travelers, including diners, roadside attractions, and accommodations. It also offers travel guides for popular road trip routes, along with an inline text editor allowing community members to contribute their own guides. In addition to a user-friendly trip planner, the mobile app provides virtual concierge suggestions, weather forecasts, and tools for estimating fuel costs. Users can explore locations within a specified distance from their routes and synchronize their plans with navigation applications for a seamless travel experience.

Olive

Series A in 2013
Olive deploys the AI workforce built specifically for healthcare, delivering hospitals and health systems increased revenue, reduced costs, and increased capacity. Olive automates repetitive, high-volume tasks and workflows, monitoring their performance, identifying improvements, and finding opportunities for new work. Olive gives power back to providers through her ever-growing, unparalleled intelligence made up of shared memories, collective wisdom, and global awareness, learning like a network so hospitals never have to solve the same problem twice. Olive was founded in 2012 and is headquartered in Columbus, Ohio.
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