Drive Capital launches $300 million second fund with eye on Midwest

Story excerpt provided by Chicago Tribune.

Written by Amina Elahi.

A pair of venture capitalists who left Silicon Valley to tap into “the opportunity of our lifetime” investing in Midwestern startups is launching a $300 million second fund.

Drive Capital, based in Columbus, Ohio, was founded by Chris Olsen and Mark Kvamme in 2012. The two were previously partners at renowned Menlo Park-based Sequoia Capital, the massive backer of tech companies including Apple and Google.

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Originally published August 29, 2016.

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