Providing Capital to
Central
Virginia's Most Promising
Early-Stage Companies

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Our Motivation
The Central Virginia venture community has grown rapidly over the past several years. Unfortunately, because our region's resources have never been organized effectively, early-stage companies often seek funding from out of state.
Trolley Ventures seeks to provide a better solution for both investors and companies. Investors receive a turn-key solution whereby they can diversify across many businesses
through a single investment. Early-stage businesses can efficiently raise the capital that they need through a single relationship and a streamlined application process.
Trolley Ventures seeks to provide a better solution for both investors and companies. Investors receive a turn-key solution whereby they can diversify across many businesses through a single investment. Early-stage businesses can efficiently raise the capital that they need through a single relationship and a streamlined application process.
Our Team
Tim Black
Tim Black has +25 years of finance and accounting experience. For the past 10 years Tim has been working as a fractional CFO, assisting growing companies in the area execute on business and investment plans. Tim was a founder of Cary Street Partners, an investment banking and wealth management firm. As founder, Tim advised companies on mergers and acquisitions, capital raising strategies, and more. Tim received his BS in Accounting from UR and an MBA from UVA’s Darden School of Business.
Tim Black
Brad Cummings
Brad Cummings
A graduate of the University of Richmond, Brad has been fortunate to participate in both the corporate and entrepreneurial worlds. Brad helped found human resources firm Monument Consulting and wine distributor Free Run Wine Merchants. Most recently he helped co-found a central Virginia angel network, a collection of over 200 angel investors in central Virginia, to help tie the investors to the early-stage companies. Brad helped found early-stage incubator The Annex and future incubator StartUp Virginia. Brad is a frequent angel investor with investments in over ten companies.
Hank Heyming
Hank Heyming has two decades of experience providing leadership and advice to dozens of emerging growth startups. He has served them in a variety of roles, including as a founder, an executive, a director, an advisor, an investor, and an outside legal partner. He is currently the Vice President of Business Operations and General Counsel for Upthere, Inc., a Silicon Valley-based cloud technology platform. Previously, he was a partner at the Richmond office of Troutman Sanders, where he focused on venture capital and technology matters. Hank earned a JD from Vanderbilt University and a triple-major BA in History, Religious Studies, and Political Science from the University of California, Riverside.
Hank Heyming
Mark Rausch
Mark Rausch
Dr. Mark Rausch is an entrepreneur, investor and healthcare professional based in Richmond, Virginia. He has a professional background of over 20 years as an emergency physician and co-founded BetterMed Urgent Care, serving as Medical Director and CEO (2012-17). Mark is also one of the co-founders and board members of Skin Surgery Center of Virginia (started 2005), a dermatology practice and ASC focused on providing comprehensive skin cancer care and plastic surgery. As of 2015, he showed an interest in entrepreneurial investments, backing up various start-ups that highlight the remarkably broad diversity of his portfolio, ranging from the health and biomedical industry, up to commercial spaces, restaurants, and technology.
Tom York
A resident of the Richmond area for over 20 years, Tom has taken his executive experience from Capital One and PayPal and focused this time towards Virginia startup companies. An active mentor with Startup Virginia for the past two years, Tom has worked with over 50 local companies and engaged as an opportunistic investor in a handful of emerging Virginia firms. A graduate of the Naval Academy with a MBA from Duke University, Tom brings his leadership skills and customer focus to all of his engagements within the greater Richmond community.
Tom York
Michael Saxon
Michael Saxon
Michael Saxon is an accomplished consumer products executive with over 20 years of experience growing F150 businesses in the USA, Europe, and Asia, both organically and through M&A. Michael is currently the CEO of SXN Strategy Partners. He founded the firm in 2017 to partner with Boards and the C-suite to provide business advice that creates profitable growth strategies and execution plans. Michael graduated from the University of Georgia with major in Marketing. He is a valued member of two private company boards and one non-profit.
Nick Pace
Nick Pace has nearly 25 years’ experience advising businesses of all sizes on corporate, commercial and transactional legal matters. Nick currently serves as Executive Vice President, General Counsel & Corporate Secretary of Owens & Minor, Inc. Nick also served as interim CHRO of the company for nearly a year. Previously, he was the Executive Vice President, General Counsel & Secretary of Amerigroup Corporation until it’s sale you Anthem Inc. Nick was also a founding partner of Guidon Partners, a healthcare private equity firm. Nick earned a JD and MBA from University of Richmond and a double-major BS in Accounting and Finance from Miami University.
Tom York
Seeking Funding?
Please complete this form and Trolley Ventures will be back in touch to discuss next steps. We endeavor to complete the entire evaluation process and make a funding decision within 45 days of initial contact.
Investment Criteria
  • Investments of $50,000 to $500,000
  • All industries excluding real-estate
  • Ideally located in Virginia, or a willingness to relocate
  • "Post-revenue" businesses are preferred but not required
  • Open to all deal structures including equity, loans and revenue-based arrangements
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