Ohio VC Firm Eyes St. Louis For Part Of Planned $300 Million Fund

Photo courtesy of Creative Commons
Photo courtesy of Creative Commons

Venture capital firm Drive Capital has raised $181 million of a new $300 million tech startup fund, and it hopes to invest some of that in St. Louis-area companies.

The Columbus, Ohio-based firm, which made its first filing with the Securities and Exchange Commission this week, invests in technology, tech services, health care and consumer industries. Drive’s co-founders have both visited St. Louis multiple times and say a handful of area companies piqued their interest. They point to payments startup Square, a company based in San Francisco but co-founded by St. Louisians Jack Dorsey and Jim McKelvey, as an example of the sort of company Drive would invest in and try to keep local.

Read more from the St. Louis Business Journal

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