October 18 - 31

HealthWarrior acquired by PepsiCo!

Bryan Bostic named CEO of RVA startup Visual Workforce

The awesome RVA ecosystem was featured in an article on Inc.com

Trolley Ventures invests in startup company that helps digitize the archives of Bob Dylan, Billy Joel and others
Trolley Ventures, an investment fund created in 2017 to back promising, early-stage business ventures in central Virginia, has made its third investment.  Trolley announced Monday it had invested in Digital ReLab, a company specializing in digital asset management software.

How a Richmond IT Company is Crowdsourcing a Global Freelancer Network
For fast-growing Richmond IT company Covintus, programming skill has no geographical limits.  Covintus provides enterprises with IT professionals and projects at a fraction of the cost of a full-time employee. To do so, it has a network of top-class engineering talent at the ready across the globe.

Startup Spotlight: Goochland woman makes gourmet cookies from spelt flour to avoid food allergies
One of the gourmet cookies that Nancy Kavalieratos makes has three kinds of chocolate — melted organic chocolate, chocolate chips and creme de cacao, a chocolate liqueur.

VCU Launches 'Innovation Challenges' to Solve Education, Energy and Health
Virginia Commonwealth University has launched its inaugural Innovation Challenges competition to solve problems facing education, energy and health. The monthlong competition offers teams of VCU students a chance at $10,000 in prizes and services.

For startups, a great team is just as important as a great idea, says partner in Google Ventures
As a partner in the venture capital arm of search engine Google’s parent company, Rick Klau often meets people who say they have a great idea for a startup company.

Virginia Community Capital and Kansas nonprofit to help startups
Virginia Community Capital and a Kansas nonprofit have teamed up to help startups.  NetWork Kansas has acquired the assets and intellectual property from the Center for Rural Entrepreneurship, a nonprofit organization based in Lincoln, Neb., that was acquired by Richmond-based Virginia Community Capital in 2017.

Business mentoring group SCORE assisted more entrepreneurs in most recent fiscal year
The number of local entrepreneurs who have turned to SCORE for business mentoring continues to grow.

Startup Spotlight: Brandefy wants to save consumers $2 billion by 2022 with product comparison app
The partners in the startup company Brandefy — Meg Greenhalgh, Carolyn Kochard and James Graham — have been doing a lot of shopping lately, with the goal of saving other shoppers lots of money.

Richmond-based private equity firm invests in medical firm
Richmond-based private equity fund Blue Heron Capital has participated in a $23 million debt and equity financing round for a company that makes technology for the treatment of throat diseases and chronic obstructive pulmonary disease.

Learning Curve: Meet the Startups Boosting Richmond's Fast-Growing EdTech Industry
Maybe it’s the high-rated public school system. Maybe it’s the great universities. Maybe it’s the water. Whatever it is, something in Richmond’s soil is perfect for growing edtech startups.

October 4 - 17

Carrie Roth, President/CEO of Activation Capital, and Todd Nuckols, Founder and Executive Director of Lighthouse Labs, have been named as 2018 Person of the Year Nominees by the Richmond Times-Dispatch! 

Larkin Garbee selected to lead Startup Champions Network!

PivotPass is Helping Richmond, Charlottesville companies develop healthier workers
Three years in, PivotPass is at a tipping point.  The app, co-founded by self-described “life partners” April Palmer and Brig Leland II, recently inked deals with Apex Clean Energy and the Martin Agency, boosting its usage and raising its profile in the Central Virginia tech ecosystem.

Funding for startup companies in Virginia rose significantly in 2017, but 2018 is shaping up to be slower, report says
Funding for startup companies in the Southeast has grown significantly since 2016 as investors have looked outside of traditional, major “innovation hubs,” one new report indicates.
 
OccassionGenius is Guiding Hotels into the Experience Economy
When Airbnb introduced “Experiences” as an additional business line in late 2016, it grew thirteen times faster than the original homes business at the same time, CEO Brian Chesky told Fortune last year.

Startup Virginia names growth director
Startup Virginia announced that Noelle James has joined the business incubator as its startup growth director.

Startup Spotlight: Joseph's Designs dresses up your home
Mary Burrell left her full-time work as a grants manager at VCU about seven years ago to do interior design. Business has grown, and she no longer sews the draperies herself but contracts out the work to local shops.

Congressmen visit denim clothing maker Shockoe Atelier to discuss importance of entrepreneurship
In the midst of a re-election campaign, Virginia’s Rep. A. Donald McEachin, D-4th, stopped in Richmond’s Shockoe Bottom area on Monday for a tour of Shockoe Atelier, a small maker of denim clothing.

September 19 - October 3

Nutriati hired a new CEO and just raised an additional $4M

Trolley Ventures aims for $10M fund

RichmondInno named it'stop 25 under 25- check out who made the list! 

Startup Spotlight: ReRunner looks to grow business that's all about "letting go" of un-needed purchases
Most people consider returning unwanted items to a retail store an inconvenience at best, or an annoying loss of time at worst.

RVA Works helps budding entrepreneurs 'from the grassroots up'
Entrepreneurs can rise up from anywhere, with some support, advice and training.  That’s the guiding principle of RVA Works, a Richmond-based nonprofit that teaches budding entrepreneurs the business skills needed to turn ideas into successful ventures.

Mentors at Startup Virginia are crucial in helping entrepreneurs; 'It is a huge value add'
As dozens of entrepreneurs moved into the new Startup Virginia business incubator in Richmond this year, a call also went out for volunteers to help advise and guide these budding businesses.

This Richmond EdTech Startup is Tackling America's Biggest Misconception About College
Since its founding in 2015, the career exploration platform MajorClarity has become one of the most recognized household names in the Richmond startup ecosystem.  Richmonders might recall the edtech company’s founder and CEO Joe Belsterling as a mentor at Startup Virginia, a top graduate of the accelerator Lighthouse Labs, or most recently, featured in Richmond Inno’s own 25 Under 25 list.

Two Richmond advertising veterans launch 'gig' branding platform
Richmond advertising and branding veterans Kelly O’Keefe and Dennis Duffy have launched a new venture that connects independent branding and marketing specialists with companies that need their skills for temporary, project-specific work.

Startup Spotlight: PivotPass offers tools to make corporate wellness programs more engaging
Like a lot of startup businesses, PivotPass has learned to do some pivoting of its own when the marketplace demands it.  The company, founded in December 2015 by fitness enthusiasts April Palmer and Brig Leland II, has a mission to improve wellness.

Richmond-based CrowdLobby Gives Lobbying Power to the People
It’s no secret that corporate money and lobbyists are a quiet but powerful force in the political scene, both at state and federal levels. Working as a lobbyist in Richmond, Heidi Drauschak saw first hand the influence her firm had on legislation.

Getting to know Ames J. Russell with AR's Hot Southern Honey

September 6 - September 18

You can now find Richmond-based Kaléo epinephrine auto-injectors in Walgreens and Canada

Grenova, a life sciences company based in Chesterfield, just raised over $500,000

PivotPass, a local employee wellness startup, signed its first nationwide deal


Two-day summit planned in November for startup founders and entrepreneurs

A two-day summit will be held in late November to provide startup founders, entrepreneurs and small business owners with sessions to help their budding businesses.  The UpRiver summit will be held at the Virginia Museum of History and Culture in Richmond on Nov. 27 and Nov. 28.

Startup Spotlight: Kinis designs and sells durable sock-like footwear for barefoot training

Vincent Vu often can be seen walking around the Startup Virginia business incubator in downtown Richmond wearing what, at first glance, appears to be socks and no shoes.  The “socks” are in fact a special kind of footwear, a sort of hybrid between socks and shoes which Vu, an avid athlete, designed himself to help alleviate the foot and knee pain he once suffered during his frequent exercise routines.

Richmond Inno's Top 25 under 25

Richmond has launched fast-growing tech companies like Wealthforge, Uzurv and Brandito, but there’s no rest for the area’s ecosystem. So to get a look at some of Central Virginia’s most accomplished young entrepreneurs, we’ve reached out through our newsletter, social media and by contacting leaders at incubators and schools for nominations. We’ve trimmed that to a list of two-dozen local innovators who are 25 years old or younger.

Naborforce Looks Next Door to Promote Aging in Place

Online caregiving platform Naborforce, the brainchild of former finance executive Paige Wilson, lets seniors connect with community members for rides, errands, light help around the house, or just a few hours of sipping coffee and chatting.

August 24 - September 5

  • Health Warrior introduced two new products last week!  Learn more here.
  • Richmond-based SweetFrog sold a majority of it's franchise assets for $35M.

Startup Spotlight: RoundTrip offers healthcare providers tools to book rides for patients, reducing no-show costs
Getting transportation to and from medical appointments can be a problem for some people, and a costly one for the healthcare system.  “One of the biggest costs for a hospital or health system is when a patient does not show up to an appointment,” said Ankit Mathur, the co-founder and chief technology officer of RoundTrip, a startup company that is trying to offer a solution.

'Modern social club' from Richmond expanding to Charlottesville
Armed with investors including a member of the Ukrop family, a concept born in Hooville has found a second home in Richmond.  Common House, a social club and coworking brand from Charlottesville, recently signed a lease to open a 25,000-square-foot location at 305 W. Broad St. in the Arts District, near the Quirk Hotel.

Randolph Square IP is tapping into market of researching and analyzing volumes of intellectual property and patent records
The questions that intellectual property lawyer William R. Poynter often gets from clients don’t have quick and easy answers.  Inventors and entrepreneurs want to know how they can put a dollar value on intellectual property such as patents.

The Market @ 25th is looking for vendors
People love their pets and Jarrett N. Wansley thinks his all-natural doggie treats will go over well at the new Market @ 25th grocery store under construction in Richmond’s East End.  Gayle Harris thinks her 2U 4U Good Food healthy prepared meals will fit right in with the store’s products. So does Ames Russell who makes and sells a Virginia honey infused with red chili pepper flavoring.