Embarc
Venture

Drive Capital Overdrive Fund I, L.P.

Raising 2020-01-13

Venture Capital Fund · adviser (attributed) Drive Capital LLC

  • CIK 1773446
  • File 021-337759
  • State OH
  • 506(b)
  • 3(c)(1)
  • 3(c)(7)
Sought
$400M
Form D target
Sold so far
$301M
75% of sought · 2020-01-13
Investors
36
reported
Minimum investment
$500K
per investor, as filed

Connected

from Form D 021-337759
Adviser (attributed)Drive Capital LLCPeople · Item 3Christopher Olsen + 1 moreFiling · 2020-01-13Form D 021-337759Sales · Item 12Connaught (UK) LimitedFund family · dashboard21 funds on its Form ADV
Drive Capital Overdrive Fund I, L.P.CIK 1773446

Fund size — sought vs sold

$301M of $400M
$301M sold · 75%$400M sought

Facts

As its latest Form D states them

Fund type
Venture Capital Fund
Adviser (attributed)
Drive Capital LLC
State
Ohio (OH)
Exemptions
Rule 506(b); Investment Company Act Section 3(c)(1); Investment Company Act Section 3(c)(7)
First filed
2019-04-19
Latest filing
2020-01-13
First sale
2019-04-05
Filings
3 Form D

People

Named in Item 3 of its latest Form D, filed 2020-01-13

Related persons
NameRelationshipClarification
Christopher OlsenRelationshipExecutive Officer, PromoterClarificationMr. Olsen is a managing member of the Issuer's general partner.
Mark D. KvammeRelationshipExecutive Officer, PromoterClarificationMr. Kvamme is a managing member of the Issuer's general partner.

Sales compensation

Named in Item 12 of its Form D filings

Sales compensation recipients
RecipientCRDBroker-dealerOfferings
Connaught (UK) LimitedCRD—Broker-dealerGlobal Alliance Securities, LLC · CRD 167164Offerings1
Global Alliance Securities, LLCCRD167164Broker-dealer—Offerings1

Amendments

amount sold · by filing date
2020-01-13 · $301M
  1. 2019-04-19$251MD · 23 inv.
  2. 2019-11-04$284MD/A · 31 inv.
  3. 2020-01-13$301MD/A · 36 inv.

Hover a dot or row, or tab through the dots · bars scaled to the largest round ($301M)

The other funds of Drive Capital LLC (21 on Form ADV) and every Form D as filedSee plans

A fund's Form D states its target and what it has sold so far. The dashboard puts it beside the adviser's other funds from Form ADV, the startups linked to it, and every amendment as filed.

  • The adviser's Venture page: its Form ADV funds, assets and other Form D offerings
  • Where co-filings link it, the startups this fund backed
  • Every Form D and amendment as filed, with what each one stated
  • Everyone its filings name, linked to their other funds and companies

Part of the Venture plan — $140/mo at launch pricing ($350 list)

See plans

External link: SEC Filings ↗