Drive Capital staffs up after closing debut fund

Drive Capital, on the heels of closing its debut fund on $250 million, has hired two partners. Robert Hatta joins as a talent partner to help portfolio companies build teams. Hatta joins from JumpStart Ventures, where he was vice president. Ned Schwartz has joined to help identify and execute new investments focusing on healthcare IT and services. Prior to Drive, Schwartz worked at Norwest Venture Partners and General Atlantic.

Press Release

Drive Capital has named Robert Hatta and Ned Schwartz as partners in the growing Midwest venture capital firm. The announcement comes just after Drive Capital’s closing of its inaugural $250 million fund to partner with founders in the technology, healthcare and consumer industries.

“It’s an exciting time at Drive as we continue to expand our team of experienced partners in the Midwest. With the addition of both Robert and Ned, we hope to build great companies in the region by arming innovators with the right talent, tools and connections to build long-term, sustainable businesses,” said Mark Kvamme, Drive Capital’s co-founder.

Joining the firm as partner is Midwest native Ned Schwartz, who is responsible for identifying and executing new investments focusing on healthcare IT and services, as well as other sectors. Schwartz joins Drive Capital after spending five years as an investor at Norwest Venture Partners and General Atlantic, where he invested in MedExpress, Align Networks, Health Catalyst and Rivermend Health, among others.

“With the Midwest being home to some of the best hospitals and healthcare companies in the world, there’s no better region to focus on in healthcare today. We’re working hard to help Midwest entrepreneurs innovate and impact the healthcare landscape not only in the U.S., but globally,” said Schwartz.

Robert Hatta joins Drive Capital as its talent partner, helping portfolio companies build amazing teams. Prior to joining Drive Capital, Hatta was vice president of talent for JumpStart Ventures, helping place hundreds of hires into early-stage startups at all levels. Hatta’s experience also includes marketing leadership roles within technology companies at all stages of growth, including Apple, Netflix, Virgin Mobile and Tackk.

“To say that talent is important for startups is like saying oxygen is important for breathing. But, building the necessary culture, strategies and infrastructure to attract the best people takes work,” added Hatta.

Drive Capital’s placements add to a team already committed to supporting its portfolio companies as they scale their talent, technology and customer acquisition efforts.

Chris Olsen, Drive Capital’s co-founder said, “We couldn’t be happier that Ned and Robert are joining Drive Capital. Their experience will really help our entrepreneurs grow their companies in the Midwest. Innovation is happening here, now. And, we’ve got all the raw ingredients to build amazing companies.”

Drive Capital invests in innovative technology, healthcare and consumer companies in the Midwest. We are looking for innovative entrepreneurs addressing big market opportunities. Our goal is to partner with entrepreneurs that have audacious goals and strive to build large sustainable companies. For more information, visit www.DriveCapital.com.

Leave a Reply

PEHUB Community

Join the 12505 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget