Drive Capital

"A significant boost came from partnering with Drive Capital. Nick Solaro, Cameron Clarke, and Avoilan Bingham have been invaluable and offered a ton of expertise and guidance to us. And honestly we wouldn’t be where we are without Avoilan believing in us in the earliest of days. The Drive team’s dedication to nurturing startups highlights and represents the strength of Atlanta’s entrepreneurial spirit and grit." - Bryan Chappell, CEO, Scout via Hypepotamus Full article here: https://lnkd.in/gHSDtG99

We want to congratulate our Partner, Molly Bonakdarpour, for being named to Business Insider's List of Rising Stars in Venture Capital. "Bonakdarpour shapes healthcare strategy as a partner at the Columbus, Ohio-based Drive Capital. This year, she's invested in early-stage startups bringing AI to healthcare, including Droxi AI and Clarence Health. She also sits on the board of the insurtech startup Sidecar Health, which raised a $165 million Series D round in June. She's supported portfolio companies to successful exits even as M&A has lagged, including the Japanese food producer Ajinomoto's acquisition of Forge Biologics, a biotech startup she helped incubate, for $620 million at the end of 2023. Before becoming an investor, Bonakdarpour led commercial partnerships at the diabetes company Livongo and held analyst roles at 7wire Ventures and JPMorgan." Full article here: https://lnkd.in/gEZPn58f

Active developer in AI✨? Join us for the first AI Tinkerers Columbus on Nov 6, sponsored by Landon W. Campbell and the team at Drive Capital. AI Tinkerers is a global community of AI practitioners pushing the boundaries of LLMs and Gen AI. Sign up at columbus.aitinkerers.org to join our first meetup and you can also demo your work! If you’re an AI builder- this is an opportunity to meet others building, share how you’re approaching solutions, and advance our collective skills🚀 #movefastbuildthings

There's a new event for builders in Boulder and Denver 👇

Path Robotics Secures $100M of Venture Capital Funding: AI-enabled Robotic Welding Company Closes Series D Funding. Read more about what we're doing here! https://lnkd.in/gcknqkqd #fabtechexpo #fabtech2024 #airobotics

Introducing - AI for Modern Litigation The newest version of Alexi is releasing very soon - we're delivering you AI-powered efficiency for litigation workflows, document generation, and strategic focus. With this new version you'll: Receive fast, accurate legal insights: Get precise answers to complex legal questions in real-time with our enhanced AI Conversational Assistant. Generate and analyze documents with ease: Effortlessly upload documents for comprehensive analysis, generate litigation-ready documents, and receive detailed summaries, all secured with enterprise-grade protection. Manage with efficiency: Seamlessly track your activity and manage your documents with intuitive, user-friendly workflows. If you’ve been following us for awhile you know Alexi started as a platform focused on legal research, but we’re now evolving to support every aspect of a litigator’s daily workflow. We're transforming into the all-in-one platform that meets the full range of litigation needs. With AI that enhances your workflow, Alexi ensures you stay ahead on every case. Stay tuned for many exciting updates to come over the course of the next month! Be the first so see it in action, request a demo today: https://lnkd.in/giPS-mCk #legalai #ai #litigators #aitools

Vironexis is entering the clinic with the first-ever clinical trial of an AAV-delivered cancer immunotherapy. Oh and it has a pipeline of over 10 additional candidates behind it. Congrats Timothy Cripe, Samit Varma, and Brian Kaspar on this groundbreaking work! We are very excited to be a small part of the journey. And it is just another example of fantastic research coming out of Nationwide Children's Hospital

We’re proud to announce the raise of our $20 million Series A funding round, led by Nick Solaro of Drive Capital, which enables us to bring our scalable AI solutions to even more healthcare providers. We also want to thank Nick Dolik and TriplePoint Capital for joining the mission. We’re excited to continue investing in the most powerful AI tools for healthcare providers with the launch of our latest AI Agents: EVA, CAM, and PHIL, to supercharge the best RCM teams. A huge shoutout to our amazing team of warriors working relentlessly to fix the U.S. healthcare system. 💪 Rebecca Torrence Business Insider

Breaking: Eventtech company raises $35 million. Sources confirmed it. A Canadian company closed a series B funding of $35M. If confirmed, this brings up the total raised to $65 million. While we are distant from the rounds raised by virtual event platforms during the pandemic, this is a remarkable story for the new event industry. / A story that reinforces how we moved from virtual to physical. / A story that confirms the health and strength of our industry. The company, sources confirm, is Planned. ———————————————————— What does Planned do? It is a sourcing platform that looks after tricky aspects of the event planning process. Travel Venues F&B Room Block ———————————————————— / Why does it matter? These are significant issues for corporate planners, HR managers, and PAs who plan dozens, if not hundreds, of small—to medium-sized meetings. This lower-mid market is left to itself as it is not big enough to be serviced by large-scale suppliers and not small enough to skip items like travel and room blocks. ———————————————————— / It failed before Many approached this audience with marketplace solutions. In several cases, they failed because of low supplier adoption or perceived platform fatigue by already busy planners. Planned (and similar platforms) offers the ability to be supported by sourcing specialists, effectively templatizing use cases. This approach reduces the perceived complexity of events. ———————————————————— / Why this is news It is a noteworthy raise at a critical time for technology companies when raising capital is significantly more problematic. I am very excited about the future of the industry. Are you?

"One of the things that I loved about founding Forge, and doing it here in Columbus, was having the chance to build something that was meaningful and has impact – and I think I get to have a front-row seat to doing that at Drive, on the other side of the table." We're thrilled to welcome Forge Biologics Co-Founder Erandi De Silva, PhD to the Drive Team.