About Drive Capital
Drive Capital is a venture capital firm founded in 2012. It is primarily based out of Columbus, United States. As of Oct 2026, Drive Capital is an active investor, having invested in 105 companies, with 6 new investments in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and FinTech. Most recently it participated in the $***** Seed round of Ocular AI Overall, Drive Capital portfolio has seen 10 unicorns, 3 IPOs and 21 acquisitions including key companies like Duolingo, Notion and SonderMind. A lot of funds co-invest with Drive Capital, with names like Alumni Ventures sharing a substantial percentage of its portfolio. Drive Capital has team of 11 people including 8 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 4 more
Portfolio IPOs
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
Drive Capital's List of Top Investments
Drive Capital has a portfolio of 105 companies, including 10 unicorns. Their most notable investments are in When I Work and Landline.Their portfolio spans across United States, Canada, United Kingdom and 3 more locations. They have invested in Enterprise Applications, High Tech, FinTech and 28 other sectors, across stages such as Series A, Seed and 4 more. Here is the list of top investments by Drive Capital:
1. Duolingo
Developer of mobile applications for learning various foreign language skills. The platform utilizes interactive exercises and gamified lessons to teach vocabulary, grammar, and pronunciation. Users progress through structured levels while receiving immediate feedback on their performance. The software adapts curriculum content based on individual user progress and accuracy.
Key facts about Duolingo
- Founded Year: 2011
- Location: Pittsburgh (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $183M
- Employee Count: 900 as on Dec 31, 2025
- Investors: HTIF, ADS Ventures and 19 Others
- Latest Funding Round: Series H, Nov 18, 2020, $*****
- Highlight: Public
2. Notion
Developer of an AI-powered workspace for team collaboration and productivity. The workspace provides tools for project management, knowledge base creation, and document sharing. It offers features such as AI meeting notes, enterprise search, and workflow automation. The platform integrates with various applications to centralize team operations.
Key facts about Notion
- Founded Year: 2013
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $418M
- Employee Count: 7,457 as on Jul 31, 2026
- Investors: Section Partners, Sherpalo Ventures and 40 Others
- Latest Funding Round: Series D, Sep 28, 2021, $*****
- Highlight: Editors' Pick
3. SonderMind
Mental health service provider offering virtual therapy services. The company's services include therapy and psychiatry, both virtually and in-person across a wide range of mental health needs including anxiety, depression, PTSD, ADHD, grief, eating disorders, and relationship issues.
Key facts about SonderMind
- Founded Year: 2014
- Location: Denver (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $276M
- Employee Count: 1,294 as on Aug 31, 2026
- Investors: Founders Circle Capital, Premji Invest and 24 Others
- Latest Funding Round: Series C, Jul 28, 2021, $*****
- Highlight: Editors' Pick
4. Greenlight
App-based investment platform for kids and teens. The company offers debit cards for kids. It empowers parents to teach trade-off decisions, money management, and the power of saving with an app.
Key facts about Greenlight
- Founded Year: 2014
- Location: Atlanta (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $556M
- Employee Count: 684 as on Aug 31, 2026
- Investors: Bond Capital, Venture Worx and 36 Others
- Latest Funding Round: Series D, Oct 04, 2023, $*****
- Highlight: Editors' Pick
5. Udacity
Udacity provides a professional development course platform. It offers open online courses mainly focusing on professional development courses on software development with streams in front-end web, full-stack web, iOS development, etc. The platform offers its solutions for individuals, enterprises, and governments. Its students are assigned homework that follows learning by doing model. Its "Nano-Degree" programs are developed in collaboration with Google, Nvidia, Microsoft, Autodesk, Cadence Design Systems, and Wolfram Research. It works on a freemium model.
Key facts about Udacity
- Founded Year: 2011
- Location: Mountain View (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $238M
- Employee Count: 10 - 49 as on Mar 01, 2026
- Investors: ADS Ventures, InvestX and 26 Others
- Latest Funding Round: Conventional Debt, Nov 03, 2020, $*****
- Highlight: Acquired
Drive Capital's Year-on-Year Investment Trends
Drive Capital has invested in 105 companies over the last 13 years, with an average of 8 new investments annually in the last 10 years. In 2025, it made 9 investments, while as of Oct 2026, it has made 9 investments in this year. Its most recent first time investment was in Ocular AI and most recent follow-on round was in Vecna Robotics.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 5 | 4 | 9 |
2025 | 7 | 2 | 9 |
2024 | 9 | 6 | 15 |
2023 | 10 | 3 | 13 |
2022 | 8 | 7 | 15 |
2021 | 14 | 8 | 22 |
2020 | 6 | 6 | 12 |
2019 | 9 | 5 | 14 |
2018 | 4 | 1 | 5 |
2017 | 8 | 2 | 10 |
Drive Capital's Investments by Stage
Drive Capital has made 44 investments in Series A stage with an average round size of $14.1M, 22 investments in Seed stage with an average round size of $5.5M and 21 investments in Series B stage with an average round size of $26.7M.Stage of entry | No. of Investments |
|---|---|
Series A | 44 |
Seed | 22 |
Series B | 21 |
Series C | 6 |
Series E | 2 |
Others | 1 |
Note: We have considered here, only first round of investments
Drive Capital's Investments by Sector
Drive Capital has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, HealthTech, Consumer and FinTech. Notably, it has invested in 99 Tech companies, 80 Enterprise (B2B) companies, 80 Software companies and at least 37 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 60 |
High Tech | 31 |
HealthTech | 18 |
Consumer | 16 |
FinTech | 13 |
Others | 110 |
Note: We have considered here, only first round of investments
Drive Capital's Investments by Geography
Drive Capital has made most investments in United States (79), followed by Canada where it has made 14 investments.Country | No. of Investments |
|---|---|
United States | 79 |
Canada | 14 |
China | 1 |
Switzerland | 1 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
Drive Capital's recent investments
Drive Capital has made 9 investments in 2026 so far. Ocular AI and Vecna Robotics are the latest among them.Here are the most recent investments by Drive Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 06, 2026 | United States | Seed | 1198 | [+4] | |
Sep 12, 2026 | United States | Series D | 6099 | [+3] | |
Jun 11, 2026 | Canada | Series E | 1524 | [+6] | |
Mar 25, 2026 | United States | Series A | 8808 | ||
Mar 24, 2026 | United States | Series B | 9216 | [+2] |
Unicorns in Drive Capital's Portfolio
Drive Capital has 10 unicorns in its portfolio - Alpaca Securities, Gecko Robotics, Immuta and others. The most recent unicorn in their portfolio is Alpaca Securities. It became a unicorn in 2026.Here is a list of unicorns in Drive Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
54 | Internet-first stock broker | 2015 | San Mateo | Series D | oxxzrfg | ||
59 | AI and robotics for infrastructure inspection, maintenance, and operational excellence | 2013 | Pittsburgh | Series D | ajcm{kb | ||
63 | Data access governance and data marketplace platform | 2015 | Boston | Series E | trosztw | ||
80 | Mental health service provider offering virtual therapy services | 2014 | Denver | Series C | vpxduzz | ||
70 | Online health insurance platform for individuals and businesses | 2018 | El Segundo | Series D | vcrzjau |
IPOs and Publicly Listed companies in Drive Capital's Portfolio
3 of Drive Capital's portfolio companies have become public. Fast Radius got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Feb 2022 and Duolingo got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $3.66B.Here are Drive Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 07, 2022 | Nov 28, 2017 | Series A | 4805 | |
Jul 28, 2021 | Jul 25, 2017 | Series E | 1200 | |
Oct 28, 2020 | Oct 26, 2016 | Series A | 2583 |
Acquired companies in Drive Capital's Portfolio
21 companies from Drive Capital's portfolio have been acquired. The most recent acquisition was Beam in Jul 2026 by Principal for $*****.Here are Drive Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 07, 2026 | Aug 08, 2014 | Series A | 1587 | |
Mar 03, 2026 | May 02, 2019 | Series B | 8944 | |
Aug 12, 2025 | Mar 15, 2022 | Series B | 5782 | |
Feb 04, 2025 | Apr 21, 2016 | Series B | 6720 | |
Jul 23, 2024 | Jan 12, 2021 | Series A | 9188 |
Team profile of Drive Capital
Drive Capital has a team of 11 members including 8 Partners and 1 Principal located in United States and Canada. Drive Capital's team sits on the board of 3 companies.Here is a list of top team members in Drive Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Columbus | Greenlight and Tesouro | ||
Partner | Columbus | - | ||
Partner | Columbus | |||
Partner | Columbus | - | ||
Partner | The Bronx | - | ||
Partner | Toronto | - | ||
Partner | Columbus | - | ||
Partner | Columbus | - | - | |
Principal | Columbus | - |
Co-investors of Drive Capital
Over the past 13 years, 599 investors have co-invested in Drive Capital's portfolio companies. This includes funds and angels.
- Invested before Drive Capital: Y Combinator, Techstars and 260 others have invested in rounds before Drive Capital. There are 6 companies where Y Combinator has invested before Drive Capital and 5 companies where Techstars has invested before Drive Capital.
- Top Co-investors of Drive Capital: 161 investors entered a company along with Drive Capital. These include investors like Alumni Ventures (4 companies).
- Invested after Drive Capital: A total of 176 investors have invested in Drive Capital's portfolio after their investments. Top Investors include Tiger Global Management (7 companies), SVB (4 companies) and Sequoia Capital (3 companies).
Recent News related to Drive Capital
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Vecna Robotics Raises $31 Million in Venture Funding Amidst Shifting Regulatory LandscapeDC Velocity•Sep 10, 2026•Vecna Robotics, Highland Capital Partners, Drive Capital, Unless and 2 others
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KOHO Raises $130 Million on Path to Banking LicenceFintech.ca•Jun 11, 2026•KOHO, Savano Capital Partners, Mubadala, Oracle and 5 others
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Humanly Raises $25M Series B to Help Companies Hire Faster, Retain, and Stay Fully StaffedHrtechfeed•May 21, 2026•Zeal Capital Partners, SEEK Investments, Humanly, MassMutual and 1 other
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Vast Data raises $1B at $30B valuation as AI infrastructure demand acceleratesSiliconAngle•Apr 22, 2026•VAST Data, Access Industries, Drive Capital, Fidelity Investments and 3 others
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Conduit Health Secures $17M for AI-Powered Medical Supply PlatformHIT Consultant•Mar 17, 2026•Conduit Health, Drive Capital, Twelve Below, XYZ Venture Capital and 1 other
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Yolando Launches AI-Powered GEO Platform With $8.5M Funding to Boost AI VisibilityMarTech Series•Jan 27, 2026•Yolando, Drive Capital
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Alpaca Raises $150 Million at a $1.15B Valuation to Build the Global Standard for Brokerage InfrastructureBusiness Wire•Jan 14, 2026•Alpaca Securities, Kraken, Citadel Securities, BNP Paribas and 8 others
