The Columbus, Ohio-based investment group was founded by California venture capitalists bent on developing Midwest startups. Its first Wisconsin investment put $8.5 million toward Green Bay’s Aver Informatics, which subsequently moved its headquarters and growing employee-base to be closer to its Ohio investors.
Not so with Comply365. A spokeswoman said the startup is staying local, despite its big-dollar, out-of-state investment.”
Milwaukee Journal Sentinel shared the details of Drive Capital’s investment in Comply365, a software company offering a full suite of enterprise mobility solutions for regulated industries. According to Drive Capital co-founder Chris Olsen, Comply365 is “a great example of Midwest innovation disrupting major industries.”
Columbus Business First: Ever feel like you need an extra hour in the day to get everything done? While adding an hour may not be possible, getting one back is, thanks to Whence, a new app-based delivery service from Columbus entrepreneurs Web Smith and Jonathon Poma.
More from Business First: “There are two options for consumers. One is a marketplace with local vendors working with Whence, including Native Cold Pressed juice company, Robert Mason Co. office products and fashion store Milk Bar Boutique. The second choice is the Porter where users can buy from area stores that aren’t in the marketplace. Whence takes the payment, does the shopping and makes the delivery. Payment is accomplished with a thumb swipe.”
Capital Style talked to Whence co-founder Web Smith about the ins, outs and future of the app:
“Think of Whence as your mobile, hyperlocal marketplace. Smith and his team have partnered with Ladybird, Rowe, Milk Bar, Tigertree, Lucky’s Market, Thread on Grandview, Native Cold Pressed and Robert Mason Co. to create a shopping space you can scroll through, purchase items (between the hours of 8 a.m. and 5 p.m.) and have delivered to you—in 90 minutes or less.
‘Whether you live in German Village or you live in Pickerington, we can take care of you,’ Smith says. ‘We want to make sure every person that interacts with us has the experience of a lifetime.'”
Columbus CEO: How does a company create itself to be “built to last?” Promoting from within is one key solution. Colleen Rains, director of human resources at Elford, Inc., shared three major benefits of internal advancement, as well as three methods for creating structured programs to help employees grow, with Columbus CEO.
Columbus Business First: “Drive Capital LLC has led a $35 million investment in a Silicon Valley online education company founded by a former Google executive. Columbus-based Drive, whose specific investment was not disclosed, was joined by investors from Germany, Japan and Brazil in the Series C financing for Udacity, which Drive partner Mark Kvamme says speaks to the company’s worldwide appeal.” Read more on Drive Capital’s 10th investment partner from Columbus Business First.
TechCrunch shared the details of Drive Capital’s latest funding announcement:
“As its push to transform education through technology begins to show results, massively open online course provider Udacity is announcing a fresh $35 million financing from a global group of investors to take its vision worldwide.
Earlier this year the company launched its nanodegree program through a partnership with AT&T, a collaboration that intends to train would-be programmers in a specific skillset that ostensibly would qualify them for a job in the field.
It’s the first fruit from Udacity’s Open Education Alliance, a consortium of businesses which have agreed to recognize an industry-focused skills credential, which chief executive and company founder Sebastian Thrun discussed at our Disrupt conference last year.
As it looks to roll out more nanodegree programs to students around the world, the company has lined up investment partners from Brazil, Japan, Germany and the U.S. heartland to help it expand. Drive Capital, the Columbus, Ohio-based venture firm founded by two Sequoia Capital partners, led the round, and the firm’s founder (and Thrun’s longtime friend) Mark Kvamme will take a seat on the company’s board.”