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funding

Jan 29, 2025

Kaine, Warner respond to Trump White House rescinding spending freeze memo

The White House budget office on Wednesday rescinded a controversial memo issued Monday that froze spending on more than $3 trillion in federal financial assistance, including grants and loans backing economic development and infrastructure projects across the nation. In the two-sentence memo issued Wednesday, Matthew J. Vaeth, acting director of the Office of  Management and […]

Jan 28, 2025

Trump’s pause on $3T in federal funding could impact Va.

Update, 7:30 p.m. A federal judge temporarily blocked President Donald Trump‘s freeze on federal spending until at least Feb. 3, but the White House did not immediately respond to the judicial order. On Monday, Trump ordered a freeze on more than $3 trillion in federal financial assistance, including grants and loans backing economic development and […]

Aug 29, 2024

County grants boost early-stage entrepreneurs

As an early-stage startup founder, Ray Magee grew accustomed to hearing ‘no.’ In the eight years since he founded Centreville-based BloomCatch, a plant recognition app, Magee reckons he’s applied for seven or eight grants. So, when BloomCatch landed a $50,000 grant from Fairfax County in November 2023, he admits to some initial disbelief. “I thought, […]

Aug 29, 2024

StartVirginia: Heard Around Virginia September 2024

Blue Delta Capital Partners, a Tysons-based venture capital firm, is preparing to make more equity investments in regional growth-stage tech firms serving the federal government following the close of a $250 million fund. The firm plans to offer noncontrolling ownership investments of between $15 million and $50 million from its Blue Delta Capital Fund IV. […]

A large building and a parking lot.
Aug 21, 2024

SWVA projects recommended for $10M in federal grants

Four Southwest Virginia economic development projects have been recommended to receive a cumulative $10 million in federal Abandoned Mine Land Economic Revitalization (AMLER) grants, Gov. Glenn Youngkin and U.S. Rep. Morgan Griffith, R-Salem, announced Monday. The projects are on sites where coal was mined prior to 1977, the year the Surface Mining Control and Reclamation […]

Jul 30, 2024

Fairfax tech firm Antithesis exits stealth mode with $47M

It‘s appropriate that Vienna software startup Antithesis is housed in the former headquarters of Ringling Bros. and Barnum & Bailey Circus’ parent company. After all, Antithesis emerged from stealth mode in February to announce it had raised a Jumbo-sized $47 million in seed funding. Founded in 2018, Antithesis is an AI-powered cloud platform for autonomously […]

Jun 27, 2024

VIPC partners with VC funds to invest $100 million in 100 startups

The Virginia Innovation Partnership Corp. is partnering with seven venture capital fund managers to invest $100 million in 100 Virginia-based startups. Through the partnership, announced May 20 by Gov. Glenn Youngkin and named Virginia Invests, VIPC will commit $40 million to the seven funds using previously awarded funding from the U.S. Treasury Department’s State Small […]

Raft logo
Apr 11, 2024

Reston software firm boosted by $60M investment

Raft, a Reston-based software engineering firm and government contractor, has received a $60 million investment from Washington Harbour Partners, a Washington, D.C.-based private investment firm. Founded in 2018, Raft will use the funds to “intensify its research and development efforts, significantly enhancing its command and control (C2) product offerings for the tactical edge,” acco[...]

Jan 30, 2024

A fair share

Virginia’s first Black governor says it‘s past time for the state’s historically Black colleges and universities to receive their fair share of the pie. Former Gov. L. Douglas Wilder, a Virginia Union University alumnus, jokes that he has been advocating for increased state funding for Virginia HBCUs “for about a hundred years.” The Biden administration […]

KlariVis founder and CEO Kim Snyder
Jan 12, 2024

Roanoke fintech startup KlariVis closes $11M funding round

KlariVis closed an $11 million Series B funding round, the Roanoke-based banking data analytics startup announced Thursday. KlariVis provides data analytics solutions for community banks and credit unions. The fintech company has doubled its revenue and customer count year-over-year and has 100 clients, according to a news release. The $11 million will be used for […]

Virginia Gov. Glenn Youngkin and U.S. Sens. Mark Warner and Tim Kaine attended a Dec. 7, 2023, event announcing $729 million in federal transportation funding for projects including completing the new Long Bridge across the Potomac River. Photo courtesy Office of U.S. Sen. Tim Kaine.
Dec 7, 2023

$729M federal transportation package will finish Long Bridge expansion

The most significant rail choke point on the East Coast will be fixed as part of a $729 million federal funding package for transportation projects in Northern Virginia and Washington, D.C., U.S. Sens. Mark Warner and Tim Kaine and Virginia Gov. Glenn Youngkin announced Thursday at an event in Arlington County also attended by a […]

Part of Virginia Commonwealth University's campus. Photo courtesy VCU.
Sep 15, 2023

VCU sets sponsored research funding record

Virginia Commonwealth University set a record for its sponsored research funding — $464.6 million — in fiscal 2023, the Richmond public research university announced Friday. The total is a 14% increase since last year and a 71% increase over five years ago. “I’m proud that research is one of the fastest areas of growth and […]

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