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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 […]
A smaller slice of the pie
In health care, there’s a moment when mistakes are more likely to occur: shift changes. As rigorously as medical staff may document patient histories, these “handoffs” can present a weak link in care. According to The Joint Commission, a health care quality assessment organization, miscommunication contributes to two-thirds of serious adverse events in hospitals. “Handoffs […]
VIPC launches $100M fund partnership for Va. 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 Monday 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 Business […]
Inova receives $10M gift from Apex Systems co-founder
Apex Systems co-founder Win Sheridan has made a $10 million planned gift commitment to Inova Health System, Inova announced late Thursday. “When you’re battling a serious disease, having world-class care that you don’t have to travel for makes all the difference,” Sheridan said in a statement provided by Inova. “At the end of the day, […]
CAV Angels hits $20 million+ milestone
When Greg and Marion Werkheiser connected with CAV Angels during their search for seed investors for their augmented reality software startup in 2018, the couple reaped benefits beyond an initial $300,000 infusion. “The investment itself gave us credibility to other investors,” says ARtGlass CEO Greg Werkheiser, a 2000 graduate of the University of Virginia School […]
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 Angels will partner with VentureSouth
757 Angels, a Hampton Roads angel investment group that matches venture capitalists with local entrepreneurs, is partnering with VentureSouth, one of the largest angel investment networks in the United States. Effective in June, the partnership will provide more access to capital and investors to 757 Angels’ 140 members. Established in 2015 and based in Greenville, […]
StartVirginia: Jan. 2023 Heard around Virginia
Vienna-based Attune‘s indoor air quality sensor is the first North American-made indoor air quality sensor to receive environmental claim validation UL 2905, the company announced Dec. 6, 2022. The validation, from UL Solutions, evaluates sensors for accuracy by measuring multiple air quality parameters, including common pollutants such as total volatile organic compounds, formaldehyde, carb[...]
757 Angels to join VentureSouth network
757 Angels, a Hampton Roads angel investment group that matches venture capitalists with local entrepreneurs, is partnering with VentureSouth, one of the largest angel network groups in the United States, the group announced Friday. The partnership, effective June 2023, will provide more access to capital and investors to 757 Angels’ 140 members. VentureSouth has about […]
Booz Allen Hamilton launches $100M VC fund
Booz Allen Hamilton Inc. has formed a $100 million corporate venture capital arm, the McLean-based Fortune 500 global management consultancy announced Wednesday. Named Booz Allen Ventures LLC, the arm will invest in early-stage companies and technologies across four categories: defense, artificial intelligence/machine learning, cybersecurity and deep technology. “We are proud and excited to cont[...]
Mark Esper joins Tysons venture capital firm
Mark Esper, who led the Pentagon from 2019 to 2020, has joined Tysons-based incubation and venture capital firm Red Cell Partners LLC as a partner and chair of its national security practice, according to a news release. Esper will lead Red Cell’s investment activities in cyber, defense, security, international affairs, space and aerospace and seek […]
