The new venture from Michael Bor and Chris Bossola, the former heads of their respective once-fast-growing Richmond companies CarLotz and Need Supply, is off and running with its first sizable cash haul. Their startup, The Endowment Project, last week completed a raise of $4.5 million from investors, Bor said Wednesday. The funds will help spring-load… Read more »
A University of Richmond entrepreneurship course taught by the founder of Richmond startup success story Health Warrior has led to the launch of yet another new student-led company.
“We’re ready to hit the gas,” the COO said of the company, which started last year in a UR course that helped students develop a packaged food concept.
Investors in the capital raise included Richmond-based Blue Heron Capital. The money will funds the company’s plans to use to expand into North Carolina, Florida, Texas, Nebraska and New Mexico.
The program is aimed at budding startup founders in Virginia who have ideas for new nuclear and hydrogen energy technologies they have developed either independently or in university labs.
HopDrive, formerly known as Social Auto Transport, is an app-based service that connects vehicle haulers with auto dealerships and auto repair shops. It has raised $11 million from investors to-date.
“The insoles are my hero product, but I do think the socks will be big business,” the founder of Goochland-based Yenta + Posha said of the company’s new products.
Vint, which allows investors to buy shares of wine collections, is also letting its users bet on wine futures and whiskey.
It was a busy year of capital raising, new companies launching and other groups expanding as the local startup scene generated plenty of headlines in 2022.
After starting out in 2021 selling only through its own website, a local beauty products brand is expanding through deals with the likes of Urban Outfitters and Thirteen Lune.
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