Investor profile
Trolley Ventures
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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.”
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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