Investor profile
Trolley Ventures
Micro-fund
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Trolley Ventures is a Richmond, Virginia-based early-stage fund founded in 2017 to address the funding gap for startups in Central Virginia. The firm focuses exclusively on companies with a meaningful presence in the region, providing investors a turn-key solution to diversify across many businesses through a single investment, while giving early-stage founders access to capital through a single relationship and a streamlined application process. The firm emerged from CVA Angels, a network of over 200 angel investors co-founded by Brad Cummings, and operates a membership model designed to benefit both sides of the funding equation. Trolley Ventures invests across a diverse range of sectors including high tech, EdTech, enterprise applications, HealthTech, and aerospace, with a primary focus on seed-stage companies in Central Virginia.
Notable quotes
“Startups can come from all walks of life.”
Team
Brad Cummings
Managing Partner
Hank Heyming
Managing Director
Tim Black
Partner
Tom York
Partner
Mark Rausch
Partner
April Kim
Funds Associate
Recent investments
| Company | Round | Size | Date |
|---|---|---|---|
| Mobius Materials | Seed | — | 2023-05-16 |
| Hadrius (fka Quantbase) | Pre-Seed | — | 2023-04-01 |
| Linebird | Seed | — | 2022-01-01 |
| AnswersNow | Seed | — | 2021-02-05 |
| ARtGlass | Seed | $487k | 2021-02-16 |
| EdConnective | Seed | — | 2019-11-01 |
| Wine & Beer Supply | Seed | — | 2019-06-01 |
| Starchive | Seed | — | 2018-11-01 |
| Grenova | Seed | $550k | 2018-09-01 |
| CounterFlow AI | Seed | — | — |
Frequent co-investors
| VC firm | Deals together |
|---|---|
| CAV Angels | 3 |
| American Family Insurance Institute for Corporate and Social Impact | 2 |
| Blue Heron Capital | 2 |
| VIPC (Virginia Innovation Partnership Corporation) | 1 |
| Undeterred Capital | 1 |
| EPIC Ventures | 1 |
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