Top 10 VC Funds in Virginia

Virginia is no longer just a home for monuments and statues. The startup scenario in Virginia is booming. It is, in fact, one of the hottest spots to invest in startups in the states, thanks to its growth of local networking. This is very helpful for angel investors, VC firms who want to invest in the states. We have gone through a big list of VC Funds, and here are our top 10 picks for VC funds in Virginia:

1. Columbia Capital

Columbia Capital is a venture capital firm established in 1989. With a focus on communications, media, and technology, Columbia Capital has invested in over 150 companies, contributing to industry innovation. The experienced team, averaging 20 years in the field, follows a cohesive investment philosophy. Specializing in digital infrastructure, enterprise technology, and mobility, they've raised $5.0B across seven funds. Columbia Capital partners with management teams, developing investment theses and execution plans to support companies at various stages, aiming for success-based funding and strong returns.

Website: Columbia Capital

Founding Year: 1989

Investment Range: $25M - $100M

Stage: Growth, Late

Sector: Communications, Media, and Enterprise Technology

Investment Geography: Alexandria, Virgina

Notable Investments: Ooyala, Brightcove, Asana, SailPoint, Grubhub, Duo Security

Submit Pitch/ Contact: Link

2. Grotech Ventures

Grotech Ventures is a dedicated team supporting ambitious entrepreneurs in creating lasting technology companies. As early investors, they provide funding ranging from $500,000 to $5 million, with a commitment to ongoing support for your company's growth. Their focus is on high-potential technology ventures. 

Website: Grotech Ventures

Founding Year: 1984

Investment Range: $500K - $5M

Stage: Early, Growth

Sector: Software, SaaS, Information Technology, Enterprise Software, E-Commerce

Investment Geography: U.S.

Notable Investments: Urjanet, Tethr.io, icxmedia, ShipMonk, PetScreening

Submit Pitch/ Contact: Link

3. Edison Partners

For over three decades, Edison Partners has been a vital supporter of company growth, offering both financial backing and strategic guidance. With a seasoned team boasting 275 years of collective experience, Edison Partners specializes in fueling the expansion of high-growth firms in sectors like financial technology, healthcare IT, and vertical SaaS. Their tailored Edison Edge value creation platform caters to the unique needs of each business, ranging from buyouts and recapitalizations to secondary stock purchases. Managing $1.7 billion in assets, Edison Partners has played a key role in creating a total market value surpassing $10 billion across its active portfolio.

Website: Edison Partners

Founding Year: 1986

Investment Range: $10M - $30M

Stage: Growth

Sector: Financial technology, healthcare IT, and enterprise software

Investment Geography: Primarily invests in companies located outside Silicon Valley

Notable Investments: Nlyte Software, Medchart, WebMD, Billtrust

Submit Pitch/ Contact: Link

4. In-Q-Tel

IQT, established in 1999, is a non-profit strategic investor accelerating the development of cutting-edge technologies for U.S. government agencies. Focused on national security, IQT partners with innovative startups to integrate impactful technologies. Born from the collaboration of government security expertise and Silicon Valley's innovation, IQT addresses the need for government agencies to stay at the forefront of technological advancements since its founding.

Website: In-Q-Tel

Founding Year: 1999

Investment Range: $10M - $50M

Stage: Seed, Series A, Series B, Later

Sector: National Security & Intelligence, focusing on areas like cybersecurity, artificial intelligence, data analytics, autonomous systems, and more

Investment Geography: Primarily U.S. 

Notable Investments: Nucleus, Airfinity, Mitra Chem, JetCool Technologies, Robust Intelligence, Circuit Mind

Submit Pitch/ Contact: info@iqt.org

5. New Atlantic Ventures

NAV.VC, a venture capital firm founded in 1999, focuses on investing in early-stage technology companies aligned with emerging consumer trends. Based in Reston, Virginia, NAV.VC manages the New Atlantic Venture Fund IV, established in 2013. The fund, with an investment range of $100K to $10M, specializes in the software and TMT sectors, including mobile, e-commerce, and cybersecurity. Notable investments include Cognito, GlobalLogic, DIVX, Liquid Machines etc.

Website: New Atlantic Ventures

Founding Year: 1999

Investment Range: $100K - $10M

Stage: Early, Seed

Sector: Invests nationally in businesses like mobile, e-commerce, cyber security, and more.

Investment Geography: Reston, Virgina

Notable Investments: Cognito, GlobalLogic, DIVX, Liquid Machines, Pine Labs

Submit Pitch/ Contact: info@nav.vc

6. Updata Partners

Updata Partners, a prominent tech-focused growth equity firm boasts over $1.5 billion in committed capital. Guided by an investment team averaging 25+ years of tech expertise, Updata specializes in funding high-growth B2B software and software-driven enterprises. Their strategic investments, combining capital and operational know-how, are geared towards propelling success in the dynamic technology landscape.

Website: Updata Partners

Founding Year: 1998

Investment Range: $5M - $50M

Stage: Growth

Sector: B2B software and software-driven businesses

Investment Geography: United States, with a focus on non-Bay Area companies

Notable Investments: Appian, Avalara, Bill.com, Chef, Everfi, Instructure, Procore, Xometry

Submit Pitch/ Contact: Link

7. Harbert Management Corporation

Harbert Management Corporation (HMC), established in 1993, is a confident and disciplined investor committed to its own strategies before suggesting investments to co-investors. With a focus on risk-balanced portfolios, HMC employs fundamental research for bold yet sensible investment decisions. Specializing in real assets and private capital globally, they manage $5M to $100M investments in growth, later stage, and distressed opportunities. HMC's institutional-quality operational setup ensures transparency, and their alignment with clients is evident through substantial partner capital commitment. Notable investments include the Harbert Infrastructure Fund, Harbert European Real Estate Fund, and Harbert Growth Partners etc.

Website: Harbert Management Corporation

Founding Year: 1993

Investment Range: $5M - $100M

Stage: Growth, later stage, and distressed

Sector: Real assets (infrastructure, real estate), private capital (credit solutions, growth equity, absolute return)

Investment Geography: Global

Notable Investments: Harbert Infrastructure Fund, Harbert European Real Estate Fund, Harbert Growth Partners, Donerail Strategy, Pioneer Strategy, 6Beacon Strategy

Submit Pitch/ Contact: Link

8. Route 66 Ventures

Route 66, a powerhouse in business, champions global positive change. With ten years of expertise, they excel in supporting early-stage fintech ventures, fostering entrepreneurial success. Now venturing into digital health and wellness, they leverage their experience in scaling businesses and navigating regulations to invest in well-being technology. More than investors, Route 66 is a catalyst for innovative solutions, dedicated to shaping a brighter future through strategic investments.

Website: Route 66 Ventures

Founding Year: 2012

Investment Range: $500K - $4M

Stage: Early-stage

Sector: Financial services, Healthcare, Wellness, Technology

Investment Geography: United States, Canada, Ireland, Netherlands, United Kingdo

Notable Investments: Joon Care, Eirene Medical, Finary, Healthwave, PayPlug, Aircall, Jobbio, Oqium

Submit Pitch/ Contact: Link

9. Gladstone Capital

Gladstone Capital Corporation (Nasdaq: GLAD), established in 2001, is a Business Development Company (BDC) within the Gladstone Companies' family. Managing over $4.0 billion in assets, they specialize in providing flexible debt capital to lower middle market businesses. With a focus on established, growth-oriented companies, they invest $7 million to $30 million per portfolio company, targeting those with revenues of $20MM-$150MM and EBITDA of $3MM-$25MM+. Operating through economic cycles, Gladstone Capital has invested over $2.5 billion in 260+ deals across various industries. As part of the Gladstone Companies, they contribute to a diversified investment portfolio.

Website: Gladstone Capital

Founding Year: 2001

Investment Range: $7M - $30M

Stage: Lower Middle Market

Sector: Small & Medium-sized Businesses

Investment Geography: United States

Notable Investments: nTelos, Teladoc, Envision Healthcare, Envision Physician Services, Envision Pharmacies

Submit Pitch/ Contact: Link

10. IMS Ventures

IMS Ventures is a dynamic venture capital firm with over 22 years of experience, specializes in digital mobile finance and content services, primarily focused on emerging markets. The company actively supports early-stage entrepreneurs by validating their concepts and preparing them for growth. Operating from offices in Florida and Virginia, IMS Ventures collaborates with domestic and international portfolio companies. Recognized for innovation, the firm offers services like call completion solutions, nano financial services, mobile gaming apps, and an interactive mobile channel, utilizing AI for a customizable experience.

Website: IMS Ventures

Founding Year: 2001

Investment Range:  $250K -  $500K

Stage: Early

Sector: Enterprise Software, Cybersecurity, Internet of Things (IoT), Healthcare, IT, Industrial Automation

Investment Geography: Global (HQ: Alexandria, VA)

Notable Investments: C3i Solutions, Cognito Therapeutics, IronNet Cybersecurity, Jetstream, Secureworks

Submit Pitch/ Contact: Link

Best of luck with your amazing ventures. 

Please note that this list is filtered by various metrics, and all the data are collected through various third-party websites, mostly the VC website. Since data such as ticket size or industry may change, you are requested to visit the official website given in the blog for the latest and updated information.