Drive Capital founder Mark Kvamme floating Ohio-focused ‘sovereign wealth fund,’ report says

Mark Kvamme, who recently stepped away from operations at venture capital firm Drive Capital LLC, is floating the idea an Ohio-focused private analog to a “sovereign wealth fund,” a source confirmed.

The fund has not been created, but Kvamme has started early discussions with high-net-worth individuals and some institutional “investors interested in the future economic vitality of Ohio,” said one of the people approached.

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Story excerpt provided by Columbus Inno.

Written by Carrie Ghose.

Originally published November 16, 2022.