# Virginia Innovation Partnership Corporation

> Virginia Innovation Partnership Corporation is a VC fund backing Software. See 128 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Richmond, United States
- Total investments: 128
- Last investment: May 2026
- Lead investor: 84%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/virginia-innovation-partnership-corporation/
- X (Twitter): https://twitter.com/VirginiaIPC
- Website: http://virginiaipc.org/
- Facebook: https://www.facebook.com/VirginiaIPC

Virginia Innovation Partnership Corporation is a VC fund in Richmond focused on Software and Information Technology. Virginia Innovation Partnership Corporation promotes early commercialization and finance for Virginia technologies, entrepreneurs, companies, and market development projects. Virginia Innovation Partnership Corporation focuses on the early commercialization and seed finance stages of innovation, assisting innovators and tech entrepreneurs inlaunching and growing new businesses, creating high-paying employment, and accelerating economic growth across the state of Virginia.

## Contacts

5 contacts available for Virginia Innovation Partnership Corporation. Shizune tracks 3 team members at Virginia Innovation Partnership Corporation. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/virginia-innovation-partnership-corporation?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 13 | 10% |
| Information Technology | 11 | 9% |
| Education | 8 | 6% |
| Health Care | 8 | 6% |
| Manufacturing | 7 | 5% |

132 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Grant | 81 | 63% |
| Seed | 7 | 5% |
| Pre-Seed | 6 | 5% |
| Funding Round | 2 | 2% |
| Series A | 1 | 1% |

6 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 83 | 65% |
| France | 1 | 1% |
| United Kingdom | 1 | 1% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Bob Stolle | President & CEO | 14 | — |
| Joseph N. Benevento | Chief Executive Officer and President | 4 | — |
| Sean Mallon | VP of Commercialization | 10 | — |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Scout Space | Scout Space develops in-space sensing systems and autonomy software designed to improve satellite awareness and orbital safety. The company builds optical and infrared sensor payloads that allow spacecraft to detect, observe, and track objects and activities in different orbital environments. It also creates software platforms for onboard dataprocessing and autonomous decision-making, enabling satellites to analyze surroundings without relying solely on ground control. Its technology is applied in space domain awareness, mission planning, collision avoidance, and spacecraft inspection use cases.Scout Space further works on edge computing systems that support real-time interpretation of sensor data directly in orbit. The company collaborates with government and commercial partners to deploy its hardware and software in operational satellite missions and demonstration programs. | $18M | Series A | May 06, 2026 |  |
| CipherPlay | Tomorrow’s Blockchain Infrastructure Today. | $50K | Grant | Mar 01, 2026 |  |
| RANDAO | The Most RANDOM Company. The random you are using is predictable and/or manipulatable. RANDAO makes randomness easy. | $50K | Grant | Mar 01, 2026 |  |
| Liquet Medical | Liquet Medical is a medical device development company that transforms the way the vascular disease is treated through localized drug delivery. The Versus Catheter will be Liquet Medical’s first technology to market. |  | Seed | Jun 25, 2025 |  |
| Innovate Hampton Roads | Innovate Hampton Roads is supporting the expansion and advancement of the innovation and entrepreneurial ecosystem in Hampton Roads. Its goal is to educate business owners and executives, make sure they have access to necessary resources, and build relationships within the industry to foster cooperative partnerships. |  | Grant | Jun 10, 2025 |  |
| Electra.aero | Electra develops hybrid-electric aircraft that focus on urban and regional air mobility. The company aims to enhance transportation efficiency through its innovative Ultra Short Takeoff and Landing (STOL) technology. Electra's aircraft design incorporates features that facilitate shorter flight paths and reduced environmental impact. Byintegrating sustainable practices into aviation, Electra seeks to transform how people travel within cities and between regions. The emphasis on hybrid-electric systems allows for quieter operations and lower emissions, aligning with modern demands for greener transportation solutions. Overall, Electra contributes to the evolution of the aerospace industry by prioritizing sustainability and accessibility in air travel. | $115M | Series B | Apr 21, 2025 |  |
| Magothy River Technologies | Magothy River Technologies LLC specializes in developing software solutions for unmanned marine vehicles. The company focuses on creating professional autopilot systems that enhance the operational capabilities of these vehicles. Their technology is designed to improve navigation, control, and overall performance in various marine applications. | $100K | Grant | Mar 26, 2025 |  |
| Phalanx | SendTurtle (powered by Phalanx AI) is a SaaS platform that provides founders, owners, and consultants with file sharing and analytics. Backed by SendTurtle’s proprietary DeepIQ analytics tools, users gain real-time insights into how their documents are engaged with (time-on-page views, heatmaps, contact intent scoring, drop-off points, andAI-generated next step summaries) so they can close deals and partnerships faster using data. Phalanx is transforming file sharing into a smart, secure, and strategic growth engine. | $75K | Grant | Mar 15, 2025 |  |
| Reelist | Reelist enables companies to hire the next generation of talent, faster. | $3M | Seed | Feb 14, 2025 |  |
| Cerbrec | Expedite Discovery. Cerbrec Graphbook is a graphical AI platform for everyone to build bespoke AI solutions. |  | Seed | Feb 04, 2025 |  |

10 of 128 investments shown.

## Co-investors
- [Decisive Point](https://shizune.co/investors/profile/decisive-point-8d94) — VC Fund, 4 deals together
- 757 Collab — VC Fund, 2 deals together
- Charlottesville Angel Network — VC Fund, 2 deals together
- [Fusion Fund](https://shizune.co/investors/profile/fusion-fund) — VC Fund, 2 deals together
- [Geospatial Alpha](https://shizune.co/investors/profile/geospatial-alpha) — VC Fund, 2 deals together
- [New Dominion Angels](https://shizune.co/investors/profile/new-dominion-angels) — VC Fund, 2 deals together

## Similar investors

### Similar stage
- [Scottish Enterprise](https://shizune.co/investors/profile/scottish-enterprise) — VC Fund
- [Foundation for Innovation and Technology (FIT)](https://shizune.co/investors/profile/foundation-pour-l-innovation-technologique) — VC Fund
- [Business Finland](https://shizune.co/investors/profile/tekes) — VC Fund

## FAQ

### What does Virginia Innovation Partnership Corporation invest in?

Virginia Innovation Partnership Corporation invests primarily in Software, Information Technology and Education startups, most often at Grant and Seed stage. Most of the 128 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Virginia Innovation Partnership Corporation?

Public channels for Virginia Innovation Partnership Corporation include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Virginia Innovation Partnership Corporation?

The team at Virginia Innovation Partnership Corporation includes Bob Stolle (President & CEO), Joseph N. Benevento (Chief Executive Officer and President) and Sean Mallon (VP of Commercialization). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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