Reston Venture Capital

Reston Venture Capital

Reston Venture Capital was founded in 2012 by Adam Goodberg and Doug Rand, with its headquarters in Reston, Virginia. The firm emerged at a time when the Washington, D.C. metro area was gaining traction as an enterprise software corridor, providing a geographic counterweight to the concentration of seed capital in Silicon Valley and New York. The founding partners structured the firm to maintain a primary base in Northern Virginia while establishing satellite offices in San Francisco, Palo Alto, Menlo Park, San Mateo, New York, and Stamford — a footprint designed to source deals across the most active U.S. venture markets without abandoning its East Coast roots. The firm invests primarily at the seed stage, targeting B2B and enterprise technology companies. Its portfolio spans enterprise software, fintech, cybersecurity, and AI/ML, with additional exposure to digital health and mobility. Confirmed investments include PayStand (enterprise payments, acquired by Priority Technology Holdings in 2020) and Defy.vc (an affiliated or portfolio venture fund entity). Reston VC typically participates in rounds under $2 million, often as a lead or co-lead investor. The firm sources deals through its distributed office network and its partners' individual networks across the D.C. and Silicon Valley ecosystems. Reston Venture Capital operates with a lean structure; the number of investment professionals remains undisclosed. The firm has not publicly reported its total capital raised or assets under management. Public records and aggregated funding data suggest a deployment pace reflecting a sub-$100M vehicle structure. The firm maintains a strong connection to the D.C. tech community while competing directly with Bay Area seed funds, a balancing act that defines its operational style. The structural differentiator for Reston VC is its persistent dual-coast architecture in a segment — seed-stage enterprise investing — where most firms cluster tightly around one geography. By maintaining offices in both Northern Virginia and multiple Bay Area locations, the firm can access deal flow in markets that rarely overlap, offering a distinctive sourcing model. The succession and governance structure has not been formally detailed, but the founding partnership remains intact more than a decade after launch.