Trolley to begin providing capital to early-stage companies in Central Virginia
Trolley Venture Partners has completed its initial fundraising round and will begin providing capital to early-stage companies in Central Virginia.
Trolley said Monday it has raised more than $4 million and will make investments in companies through equity, convertible notes and revenue loans.
“We are seeing a number of early-stage companies with high growth potential, as well as local, small businesses that meet our investment criteria and need capital,” Brad Cummings, managing director at Trolley and board member of Startup Virginia, said in a statement. “Our industry-agnostic investment preferences are simple, yet firm – we are seeking companies with a significant presence in Central Virginia, who have closed their friends and family round and are ready to acquire seed stage funding.”
Trolley has been evaluating companies for the past four months and says it plans to begin making investments immediately.