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The Venture Codex

Drive Capital

629 N. High Street, Sixth Floor, Columbus, OH, 43215, United States

Overview

Drive Capital invests in innovative technology, healthcare, and consumer companies in the Midwest. The firm is looking for innovative entrepreneurs addressing big market opportunities. Its goal is to partner with entrepreneurs that have audacious goals and strive to build large sustainable companies. The firm seeks to invest in information technology, financial services, and mobile sectors. It was founded in 2012 and is headquartered in Columbus, Ohio.

Total investments
120
Lead investments
71
Investments · 12mo
10
Active investors
9

Sector focus

  • Artificial Intelligence (AI)
  • Financial Services
  • Information Technology
  • Venture Capital
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Investment portfolio

  • KOHO Financial

    Participated · Series E · Jun 2026

    KOHO is an online challenger bank that offers consumer financial services and is pursuing a Schedule 1 federally regulated bank licence. Achieving the licence would allow KOHO to hold customer deposits, which management says would provide a significantly cheaper source of funding. The company has been raising equity over time and has totaled $507 million in equity capital to date, including a $40 million equity raise in 2024. The recent $130 million financing increased KOHO’s valuation to $1.33 billion. KOHO intends to use the proceeds to build its capital base and expand its product suite to meet regulatory requirements and support growth. Management has positioned the fundraising as the final piece needed to satisfy conditions for operating as a federally regulated bank.

  • VAST Data

    Led · Series F · Apr 2026

    VAST Data offers an AI operating system that unifies foundational data, compute services, and agentic execution into a single scalable software infrastructure stack. Its platform is positioned to enable organizations to deploy and coordinate AI agents, reason over real-time data, and automate complex workflows at scale. The company is led by founder and CEO Renen Hallak and is based in New York City. With the announced Series F, VAST reached an implied valuation of $30 billion after raising approximately $1 billion in primary and secondary capital. VAST intends to use the proceeds to consolidate its position, accelerate global growth, and pursue strategic transactions to expand its technology footprint and partnerships. The article does not disclose revenue, user, or other operating metrics.

  • Humanly.io

    Participated · Series B · Apr 2026

    Humanly.io builds AI-driven automation for high-volume hiring, including candidate screening, interview scheduling, automated communication, and reference checks. The company is shifting toward delivering pre-vetted, ready-to-hire candidates via a continuously refreshed talent database and a “service-as-a-software” model. It is launching a job seeker-facing product that offers AI-powered coaching for interview preparation, resume writing, and salary negotiation to establish direct relationships with candidates. Humanly has partnerships to scale candidate access, including taking over CareerBuilder’s talent marketplace and working with Microsoft on a neurodiversity hiring program. The company counts more than 120 customers—including Microsoft, Domino’s, Massage Envy, Worldwide Flight Services, and MGM Resorts and Casinos—and conducts about 9,000 interviews per day. Founded in 2018 and based in Bellevue, Wash., Humanly employs roughly 50 people and reported revenue growth of 3.9x over the past seven months.

  • Normal Computing

    Participated · Equity · Mar 2026

    Normal Computing develops Normal EDA, an AI platform that applies frontier techniques (including auto-formalization combining LLMs with formal logic) to accelerate semiconductor design and automate DV/RTL workflows. In parallel it advances the Carnot hardware program to produce physics-based ASICs aimed at dramatically improving energy efficiency; the company completed tape-out of CN101 in August 2025. Normal says it partners with more than half of the top ten semiconductor companies by revenue and has earned trust to drive production silicon. The company has raised over $85 million to date, including a $50 million strategic round led by Samsung Catalyst Fund in March 2026. Normal was founded in 2022 and is headquartered in New York, with offices in San Francisco, London, and Copenhagen, and receives programmatic support from ARIA for some of its work.

  • Conduit Health

    Led · Series A · Mar 2026

    Conduit Health operates a vertically-integrated service that connects patients to licensed providers, manages prescribing and coverage verification, and fulfills insurance-covered home medical supplies in one coordinated workflow. Its core technology is CareOS, a proprietary AI-powered authorization and reimbursement engine trained on more than 50,000 patient interactions that predicts approval likelihood and automates payer-specific documentation and routing. Since its public launch in late 2024, Conduit reports delivering supplies to over 50,000 patients, expanding its product catalog fourfold, and growing a payer network spanning more than 100 health plans and nearly 90 million covered lives. The company works directly with patients and with referral partners such as MLTSS plans, home care agencies, discharge planners, skilled nursing facilities, and case management organizations. Conduit positions itself to assume denial risk and standardize workflows at scale through its agentic infrastructure combined with live customer support. The company has raised a total of $22 million to date, including the $17 million Series A announced in March 2026.

Team