Virginia Venture Partners

Virginia Venture Partners (VVP) operates as the dedicated equity investment arm of the Virginia Innovation Partnership Corporation (VIPC), formerly known as the Center for Innovative Technology (CIT). Headquartered in Herndon, Virginia, VVP plays a crucial role in fostering economic development and innovation within the Commonwealth by providing capital to promising early-stage companies. The fund primarily targets Virginia-based technology and life science ventures that demonstrate high growth potential, aligning with VIPC's broader mission to accelerate the commercialization of research and development.

VVP's investment strategy focuses on seed-stage companies, aiming to provide the critical early capital needed for development and scaling. For initial investments, VVP typically provides up to $250,000, enabling startups to achieve key milestones and attract further private funding. Recognizing the long-term capital needs of growing businesses, VVP also offers follow-on funding, with the capacity to invest up to an additional $500,000 in its portfolio companies. This structured approach ensures that promising ventures receive sustained support as they progress through their growth cycles.

Since its inception, Virginia Venture Partners has made a significant impact on the state's entrepreneurial ecosystem. The program has strategically deployed over $40 million across more than 270 Virginia-based companies, demonstrating a deep commitment to nurturing local talent and innovation. Furthermore, VVP's investments have proven highly effective in attracting co-investment, successfully leveraging an impressive $1.1 billion in additional private capital into its portfolio companies. This substantial leverage underscores VVP's role as a catalyst for private sector investment, contributing significantly to the overall vitality and expansion of Virginia's technology and life science sectors.