A Richmond-based venture capital firm has raised $33 million to invest in promising early-stage businesses in the Richmond region and throughout Virginia.
The new investment fund was created by NRV — formerly known as New Richmond Ventures — with contributions from 83 investors across the state. It closed on the NRV Early-Stage Growth Fund last week.
While NRV’s emphasis in the past has been on investing in Richmond-area companies, the new round of funding means the firm will broaden its geographic reach.
