Drive Capital LLC has raised a combined $558 million so far in two new venture funds, regulatory filings show, doubling in size to more than $1.1 billion under management.
And it’s still raising.
The Columbus venture capital firm is launching its first new investment funds in three years. Drive started raising its first $250 million fund in 2013, and re-loaded with $300 million in 2016. The typical life cycle to invest a fund in portfolio startups is three to four years; returns can take a decade to appear.
Click here to read the complete article.