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Drive Capital

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Midwest-focused VC (founded 2013 by ex-Sequoia partners Mark Kvamme and Chris Olsen); $2B AUM, 100+ portfolio companies across 24 cities; sector-agnostic but with notable robotics/industrial automation positions. Registry confirmations: gecko-robotics, vecna-robotics, path-robotics.

HeadquartersColumbus, US

Portfolio3 companies

Cited round volume$398M

Cited rounds7

01

Physical AI portfolio

Round-by-round participation

Path RoboticsRobot maker · registered · corporate

2024-10-14Series D · Lead$100MSource

2021-05-03Series B$56MSource

Gecko RoboticsRobot maker · registered · corporate

2022-03-03Series C$73MSource

2019-12-16Series B · Lead$40MSource

Vecna RoboticsRobot maker · registered · corporate

2022-01-26Series C$65MSource

2020-01-07Series B$50MSource

2018-08-14Series A · Lead$14MSource

02

Source ledger

7 unique public sources

Path Robotics raises $100M to automate weldingThe Robot Report · retrieved 2026-07-05

Path Robotics Raises $56M to Build the Future of ManufacturingPR Newswire · retrieved 2026-07-05

$73 million Series C Funding Will Bring Infrastructure Inspections Into the 21st CenturyPR Newswire · retrieved 2026-07-05

Y-Combinator Alum, Gecko Robotics Raises $40 Million Series B Round Led by Drive CapitalPR Newswire · retrieved 2026-07-05

Vecna Robotics raises $65M in Series C fundingThe Robot Report · retrieved 2026-07-05

Vecna Robotics Announces $50M Financing as Demand for Warehouse Robots and Workflow Orchestration SoarsPR Newswire · retrieved 2026-07-05

Vecna Robotics: Wikipedia (spin-off from Vecna Technologies with $13.5M seed/Series A led by Drive Capital)Wikipedia · retrieved 2026-07-05