A fledgling blood testing venture run by two high profile local business executives got a seven-figure shot in the arm this month.
Mallory, Bernard’s new firm gets $2M injection
Startups
‘UberPitch’ adds to annual tech expo
Dozens of entrepreneurs pinged their Uber apps to meet with funders and angel investors in a 15-minute vehicle ride around the metro as part of the ride-sharing company’s UberPitch service at the Richmond Technology Council’s (RichTech) all-day event at the 17th Street Farmers’ Market in Shockoe Bottom.
Digital music service streams into Richmond
Where some services charge listeners a monthly membership fee, the streaming service allows listeners – as well as artists – to use it for free, and uses a tipping system to compensate artists directly.
West End bakery wants more space in the freezer
Owner Filip Aszalos is working to expand his empire by securing local, regional and national grocers to line freezer cases with his cheese rolls. And he’s getting some state money to do it.
Coworking space clocks in at Scott’s Addition
A Richmond co-working venture has opened its second location in a recently redeveloped building along West Broad Street.
Richmond startup rethinks IPO
A 3-year-old local real estate firm is taking its $30 million stock offering back to the drawing board after its reception from broker-dealers and other investors wasn’t as welcoming as expected.
VCU-born startups bearing fruit
Fourteen companies that sprouted from Virginia Commonwealth University’s entrepreneurial support program have earned more than $1 million in the year since it launched.
‘Amazon for autos’ pulls into Richmond
Shop-at-home car buying is revving up in Richmond. Just months after local dealership McGeorge Toyota introduced the concept to the Richmond market, online dealership Carvana is expanding its national footprint and bringing its shop-at-home car buying service to town. The platform, which allows customers to shop for and purchase vehicles without ever setting foot on… Read more »
Startup finance firm caps $3.5M raise
A 2-year-old company in Innsbrook is starting the summer with some extra cash in its coffers. West Creek Financial, a consumer finance company, recently finalized a $3.5 million capital raise, according to an SEC filing on June 6. The company confirmed the raise and said in a prepared statement that the funds came from institutional… Read more »
Investment startup enters second funding round
Six months after capping off its first $10 million real estate fund, a local investment startup is pushing for a second, larger round of funding. Haxall Point Partners, a spin-off of Canal Capital Management, looks to raise up to $35 million from investors in a new pooled fund, according to SEC documents filed last month…. Read more »