Sign In
Free Newsletter
Ecosystem insights
Leaders from across Virginia’s entrepreneurial ecosystem discuss investing in new companies, challenges facing startups and advice for success. KAREN BOOTH ADAMS CEO, Hot Technology Holdings LLC Richmond What do you look for when you’re investing in a startup? The most important thing I look for when investing in a startup is the tenacity, drive, intelligence […]
Alexandria’s QED Investors raises $925M for two new funds
Alexandria-based fintech venture capital firm QED Investors raised $925 million for two new funds, QED announced Tuesday. The funding comes from two capital commitments: a $650 million oversubscribed early stage fund and a $275 million early growth stage fund, according to a news release from QED, a key investor in San Francisco-based personal finance company […]
757 Collab announces promotions
After announcing a new managing director in April, 757 Collab announced more leadership changes and promotions to its umbrella organization May 3. Hunter Walsh, previously a program manager for 757 Startup Studios, a coworking space in Norfolk where selected entrepreneurs can set up offices at no cost and receive mentoring, became its director on May […]
StartVirginia: May 2023 Heard around Virginia
Richmond-based Babylon Micro-Farms Inc. raised $8 million in a series A funding round led by VentureSouth, the company announced April 4. The money will help expand go-to-market efforts and grow the company’s client base in the U.S. and beyond. Founded in 2017, Babylon enables businesses and communities to grow produce, and its software remotely manages […]
CarLotz, Need Supply founders launch schools startup
For about a decade after meeting at a business function, Michael Bor and Chris Bossola met for lunch periodically, swapping stories about their shared experiences in launching and scaling companies. Their conversations eventually landed on what they say could transform funding for public schools nationwide. The two have plenty of entrepreneurial experience. Bossola founded Richmond-based […[...]
Lighthouse Labs names new managing director
Art Espey will be the new managing director of Richmond-based Lighthouse Labs, beginning April 17, replacing Paul Nolde, who is leaving to lead 757 Collab and 757 Angels in Hampton Roads. Lighthouse Labs, launched in 2012, is an equity-free, early-stage startup accelerator. Espey previously served as vice chair of Lighthouse Labs’ board of directors from […]
Lighthouse Labs exec jumps to 757 Angels, 757 Collab
Paul Nolde, executive managing director of Lighthouse Labs in Richmond, will be the new managing director of Norfolk-based 757 Angels and 757 Collab. He replaces Monique Adams, the current executive director of 757 Angels and managing director of 757 Collab, who will leave the organizations this summer. Nolde starts his new role May 30. In […]
StartVirginia: April 2023 Heard around Virginia
Richmond-based Absurd Snacks is ready to enter major retailers after a reformulation and taking on some new packaging. Founders Grace Mittl and Eli Bank worked with a New York agency and redesigned the packaging. Absurd Snacks has been available at independent grocery stores, but Mittl and Bank are eyeing larger retailers and wanted to make […]
McLean startup raises $75M for air taxi network
Fritz Lang’s 1927 film “Metropolis” predicted cities with flying cars, while Hanna-Barbera followed that vision 35 years later with “The Jetsons” and its commuter “skyways.” Now, however, air taxis are close to becoming reality. The industry could generate up to $16 billion in new business investments in Virginia and carry as many as 66 million […]
Va. bankers say they’re not worried by SVB collapse
Last weekend was pretty tense for bankers, even for those leading institutions quite distant and different from Silicon Valley Bank, which Friday became the second largest bank to fail in U.S. history. Federal regulators shut down SVB after a run on the bank. By Sunday, regulators also shut down New York’s Signature Bank, which became […]
