NRV

Thesis

NRV (New Richmond Ventures) is a Richmond, Virginia-based venture capital firm founded in 2011. They focus on investing in high-potential, early-stage growth companies, specifically post proof-of-concept, across technology and creative industries. Key sectors include software, industrial robotics, food technology, and sustainable agriculture, with a thesis around sustainable food systems, industrial automation, and technology-enabled business services that align social impact with commercial returns. NRV targets pre-seed, seed, seed-plus, and Series A investment stages. While primarily focused on the US, particularly Virginia, they also invest in other high-growth regions. The firm manages the NRV Early Stage Growth Fund with a total size of $33 million and has raised approximately $36.5 million across three funds. Their average check size ranges from $500,000 to $3 million, with some investments between $3 million and $10 million. NRV operates with a partnership model, providing tailored guidance, industry insights, and connections to help startups thrive, while also catalyzing economic development within the Richmond community.