# New Richmond Ventures

New Richmond Ventures is a Venture Capital based in Richmond, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Richmond, United States
- **Region:** North America
- **Address:** 303 West Broad Street, Suite 310, Richmond, VA 23220, United States
- **Founded:** 2011
- **Assets under management:** Undisclosed
- **Website:** nrv.vc
- **LinkedIn:** https://www.linkedin.com/company/new-richmond-ventures

## Regulatory record

- **Reports private funds:** No

## About

NRV partners with its portfolio companies to provide counsel, connections and capital. The firm is a team of entrepreneurs, C-suite executives, and industry experts offering tailored company services and is positioned to scale and grow early stage ventures. Founded in 2011 by Jim Ukrop, Bob Mooney, and Ted Chandler, NRV invests growth capital in high growth companies with demonstrated market traction. In May 2017 it launched the NRV Early Stage Growth Fund, L.P., a $33 million fund.

## People

- Ted Chandler
- Laura Markley
- Bob Mooney
- Scott Ukrop
- Jim Ukrop — founder
- Bob Mooney — founder
- Ted Chandler — founder

## Questions

### Who runs investment decisions at New Richmond Ventures?

NRV does not publicly name its investment committee, general partners, or principals. The firm describes its team as composed of former entrepreneurs, C-suite executives, and dedicated industry experts. No individual decision-makers are identified on its website or in available public filings.

### Does New Richmond Ventures participate in fund commitments or only direct deals?

The firm does not publicly specify whether it operates through direct investments, fund-of-fund commitments, or both. Its website mentions the ability to 'deploy capital efficiently and effectively' but offers no structural detail on investment vehicles. This lack of disclosure makes secondary sourcing necessary for a definitive answer.

### What investment stages does New Richmond Ventures typically target?

NRV states it is 'uniquely positioned to scale and grow early stage ventures.' It targets early-stage companies, including seed and start-up phases, as well as expansion and late-stage growth opportunities. The firm does not disclose a minimum or maximum check size for any stage.

### Which sectors does New Richmond Ventures explicitly avoid?

NRV does not publish a list of excluded sectors or industries. Its public statements describe a generalist approach centered on the quality of entrepreneurial teams rather than sector-specific mandates. Without a named negative list, institutional allocators should confirm directly whether any sectors are out of scope.

## Related profiles

- [New Rhein Healthcare Investors](https://altss.com/profile/new-rhein-healthcare-investors)
- [NewRoad Capital Partners](https://altss.com/profile/newroad-capital-partners)

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Last updated: 2026-08-11T15:07:34.613Z

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