Investor profile

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Trolley Ventures

Micro-fund

USB2B SaaSHealthtechEnterpriseConsumerDeep TechOther

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Investment thesis

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.

Brad Cummings · The Business Journal / Massinvestor Database

Team

Brad Cummings

Managing Partner

ConsumerEnterpriseB2B SaaS

Hank Heyming

Managing Director

Deep TechEnterpriseB2B SaaS

Tim Black

Partner

FintechEnterprise

Tom York

Partner

ConsumerEnterprise

Mark Rausch

Partner

Healthtech

April Kim

Funds Associate

Recent investments

CompanyRoundSizeDate
Mobius MaterialsSeed2023-05-16
Hadrius (fka Quantbase)Pre-Seed2023-04-01
LinebirdSeed2022-01-01
AnswersNowSeed2021-02-05
ARtGlassSeed$487k2021-02-16
EdConnectiveSeed2019-11-01
Wine & Beer SupplySeed2019-06-01
StarchiveSeed2018-11-01
GrenovaSeed$550k2018-09-01
CounterFlow AISeed

Frequent co-investors

VC firmDeals together
CAV Angels3
American Family Insurance Institute for Corporate and Social Impact2
Blue Heron Capital2
VIPC (Virginia Innovation Partnership Corporation)1
Undeterred Capital1
EPIC Ventures1

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