It was a $500,000 problem that inspired Margaret Upshur to launch Mobius Materials, which she recently moved to Richmond from Silicon Valley.
Startups
Local tortilla chip company expands with new Lakeside market
It took a couple years, but a local tortilla chip maker has finally scooped up a bigger space where it has also opened a retail store.
Greenswell Growers gathers more green with $7M capital raise
With a fresh round of funding in hand, Greenswell Growers is a step closer to sprouting additional production capabilities to fuel its expanding grocery store presence. The Goochland-based indoor farming company reported last week it has raised $6.9 million in a capital round from investors. A portion of the funding is earmarked for expansion of… Read more »
Pharma company Phlow gets $36M capital injection
After expanding its lab footprint in Richmond, the company also has expanded its war chest with an eight-figure capital raise.
Indoor farming startup harvests $8M in fresh capital
Scott’s Addition-based Babylon Micro-Farms has new funding to continue the growth of its hydroponic vertical farming systems to other businesses.
New startup from former CarLotz, Need Supply CEOs scores $4M capital raise
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 »
UR students bringing classroom-born energy drink to market
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.
UR-born snack company to roll out tweaked trail mix after capital raise
“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.
Shockoe-based virtual therapy company completes $11M capital haul
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.
Startup incubator in Ashland rolls out new pitch competition program
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.