NRV

NRV is an early-stage venture firm founded in 2011 and based in Richmond, Virginia. The firm specializes in providing counsel, connections, and capital to companies at their growth inflection points, focusing on sectors such as consumer goods, healthcare, leisure, and technology. NRV aims to invest in transformative ideas that align with significant societal trends. The firm typically makes its initial investment during the Series A funding round and sets aside capital for future financing rounds to support portfolio companies as they grow.

Ted Chandler

Co-Founder and Managing Director

Theodore Lindy Chandler

Co-Founder and MD

Laura Markley

Chief Financial Officer & Managing Director

Bob Mooney

Co-Founder and Managing Director

Paul Nolde

Director of Business Development

Scott Tolleson

Managing Director

Scott Ukrop

Managing Director

Jim Ukrop

Co-Founder & Managing Director

20 past transactions

Murphy's Naturals

Series A in 2022
Murphy's Naturals, Inc. is a company that believes in the importance of all-natural products and the benefits they provide. They truly believe that health and wellness come from the environment. Founded by Philip Freeman and named after his best buddy Murphy, Murphy's Naturals creates products which are made from responsibly sourced plant based ingredients. They leave out all of the chemicals and toxins and instead focus on providing amazing earth-friendly products that will help others through its purchases.

SVT Robotics

Seed Round in 2020
SVT Robotics, LLC, founded in 2018 and headquartered in Virginia, specializes in designing and developing an automation software platform that facilitates the integration of robotics solutions into business operations. The company's platform leverages machine learning to enable companies to adopt advanced robotics technologies, thereby enhancing their agility in a fast-changing marketplace. By promoting seamless interoperability, SVT Robotics aims to reduce the risks associated with automation adoption, making it accessible for growing businesses looking to improve operational efficiency.

Farmer Focus

Venture Round in 2019
Farmer Focus is an organic chicken production company specializing in meat and chicken processing. Their mission is to provide the highest quality of Organic chicken that is humanely raised. Free from all growth hormones, pesticides, antibiotics and animal byproducts healthy and delicious. Farmer Focus sources all of its chicken through local farms located in the Shenandoah Valley, and uses it's sister company Shenandoah Processing to process and package all product.

Ario

Seed Round in 2019
Ario LLC is an information technology company specializing in augmented reality solutions for web and mobile applications. Founded in 2016 and headquartered in Norfolk, Virginia, Ario develops tools that enhance training and operational efficiency for frontline workers. Its platform enables organizations to capture and distribute expert knowledge, facilitating improved employee performance and skill development. By leveraging augmented reality, Ario's solutions help businesses, including Fortune 500 companies and the U.S. military, reduce human error, enhance worker confidence, and ultimately save costs while increasing revenue.

Beanfields

Series B in 2019
Beanfields is a food company based in Los Angeles, California, that specializes in producing all-natural tortilla chips made from beans and rice. Founded in 2010, Beanfields offers seven distinct flavors of chips, positioning itself as a healthier alternative to traditional snacks made from corn, potato, and wheat. The company's mission centers on promoting wellness through its products, which are designed to be wholesome and satisfying. Beanfields sells its chips both online and through various retailers across the United States, Canada, and internationally, emphasizing the benefits of beans for families, farmers, and the environment.

Territory Foods

Series A in 2019
Territory Foods is a chef-prepared meal delivery service that creates nutritionist-approved menus tailored to support various dietary preferences and regional market tastes. Its fresh, healthy, ready-to-eat meals are designed by in-house culinary professionals and nutrition experts, prepared by a dedicated team of chefs, and powered by a proprietary algorithm that informs personalized menu variety at scale. Its boredom-proof rotating menus feature a wide variety of freshly-made artisan meals per week that are responsibly sourced, always free of refined sugars, and made without ingredients that contain gluten and dairy. Menus can be customized to meet dietary templates such as Vegan, Vegetarian, Whole30, and Keto, taking the guesswork out of navigating and committing to healthy eating. Territory Foods launched in 2011 and is headquartered in Arlington, VA.

Territory Foods

Series A in 2018
Territory Foods is a chef-prepared meal delivery service that creates nutritionist-approved menus tailored to support various dietary preferences and regional market tastes. Its fresh, healthy, ready-to-eat meals are designed by in-house culinary professionals and nutrition experts, prepared by a dedicated team of chefs, and powered by a proprietary algorithm that informs personalized menu variety at scale. Its boredom-proof rotating menus feature a wide variety of freshly-made artisan meals per week that are responsibly sourced, always free of refined sugars, and made without ingredients that contain gluten and dairy. Menus can be customized to meet dietary templates such as Vegan, Vegetarian, Whole30, and Keto, taking the guesswork out of navigating and committing to healthy eating. Territory Foods launched in 2011 and is headquartered in Arlington, VA.

Territory Foods

Series A in 2017
Territory Foods is a chef-prepared meal delivery service that creates nutritionist-approved menus tailored to support various dietary preferences and regional market tastes. Its fresh, healthy, ready-to-eat meals are designed by in-house culinary professionals and nutrition experts, prepared by a dedicated team of chefs, and powered by a proprietary algorithm that informs personalized menu variety at scale. Its boredom-proof rotating menus feature a wide variety of freshly-made artisan meals per week that are responsibly sourced, always free of refined sugars, and made without ingredients that contain gluten and dairy. Menus can be customized to meet dietary templates such as Vegan, Vegetarian, Whole30, and Keto, taking the guesswork out of navigating and committing to healthy eating. Territory Foods launched in 2011 and is headquartered in Arlington, VA.

Nutriati

Series A in 2017
Nutriati is a food technology company focused on the research, development and commercialization of innovative plant-based food ingredients. It is dedicated to formulating nutritious food products that are widely attractive to a broad range of consumer tastes. The company's business strategy includes a commitment to positive social impact and the promotion and distribution of healthier component ingredients in the food supply, resulting in improved health and well-being globally. Nutriati was founded in 2013 and is headquartered in Richmond, Virginia, United States.

Envera Health

Venture Round in 2016
Envera Health, Inc. is a healthcare technology company based in Richmond, Virginia, founded in 2014. It specializes in providing an Engagement Optimization Platform that integrates managed services, technology, and infrastructure to enhance the patient experience for healthcare providers. Envera Health offers a range of solutions, including data analytics, growth strategies, commercial payer value-based care, employer programs, and Medicare and Medicaid services. By partnering with healthcare organizations, Envera Health aims to empower providers to improve both clinical outcomes and financial performance, ultimately transforming the healthcare landscape for better patient care.

WealthForge

Series A in 2016
WealthForge Holdings, Inc. operates a technology platform designed for the private capital markets, focusing on facilitating investments in alternative securities. Based in Richmond, Virginia, the company provides solutions that simplify the investment process while ensuring regulatory compliance. Its Altigo platform connects issuers with registered intermediaries, such as broker-dealers and investment advisors, enabling them to present vetted investment opportunities effectively. WealthForge's offerings include features for investment processing, compliance reviews, subscription automation, and reporting. Additionally, the company provides brokerage services, document preparation, investor relations, placement agent work, and escrow services. Founded in 2009, WealthForge aims to create a seamless experience for investors and sponsors in the alternative investment landscape.

medCPU

Series B in 2015
medCPU, Inc. delivers real-time clinical care advice through its Advisor Button technology for hospitals in the United States. Its Advisor Button captures the clinical picture from clinicians’ free-text notes, dictations, and structured documentation entered into EMR and analyzes it against a growing library of content for generating real-time precise prompts for care consideration; medCPU platform captures the clinical picture in real time, including narrative text and structured data to deliver the clinical and compliance guidance

Moonlighting

Seed Round in 2015
Moonlighting, Inc. operates a freelance hiring platform that connects freelancers, entrepreneurs, and small businesses for various job opportunities, ranging from short-term tasks to long-term projects. Founded in 2012 and based in Charlottesville, Virginia, the company offers a mobile, on-demand application that facilitates instant communication between individuals needing assistance and those able to provide it. Additionally, Moonlighting features a blockchain-supported platform and a suite of tools designed to empower independent workers globally, creating a virtual marketplace that enhances the freelance experience.

Q Customer Intelligence

Angel Round in 2014
Consumer-facing businesses' approach to customer intelligence is broken. They collect tons of data, spend billions on the latest technology, yet consumers rate experiences very low. Lumiary is a SaaS platform with a new approach to customer intelligence for these organizations. It's a light, central layer gathering and sharing intelligence that sits between existing marketing, service, sales tools (not a heavy new “cloud”). Built for non-technical team members, it makes intelligence accessible and collaborative across the company to replace today's broken analytics assembly-line.

WealthForge

Series A in 2014
WealthForge Holdings, Inc. operates a technology platform designed for the private capital markets, focusing on facilitating investments in alternative securities. Based in Richmond, Virginia, the company provides solutions that simplify the investment process while ensuring regulatory compliance. Its Altigo platform connects issuers with registered intermediaries, such as broker-dealers and investment advisors, enabling them to present vetted investment opportunities effectively. WealthForge's offerings include features for investment processing, compliance reviews, subscription automation, and reporting. Additionally, the company provides brokerage services, document preparation, investor relations, placement agent work, and escrow services. Founded in 2009, WealthForge aims to create a seamless experience for investors and sponsors in the alternative investment landscape.

Health Warrior

Series B in 2014
Health Warrior, Inc. specializes in the production and marketing of healthy snacks, primarily focusing on chia bars and protein bars made from plant-based ingredients such as chia, quinoa, oats, and peas. The company's products are designed to be nutrient-dense and convenient, catering to the growing demand for healthier snack options. Health Warrior offers its products in various flavors and sells them through a wide network of retailers across the United States, including grocery chains and natural food stores, as well as online platforms like Amazon and its own website. Founded in 2010 and based in Richmond, Virginia, Health Warrior operates as a subsidiary of PepsiCo, Inc. The company's mission is to promote healthier dietary habits and inspire an active lifestyle among consumers.

medCPU

Series B in 2014
medCPU, Inc. delivers real-time clinical care advice through its Advisor Button technology for hospitals in the United States. Its Advisor Button captures the clinical picture from clinicians’ free-text notes, dictations, and structured documentation entered into EMR and analyzes it against a growing library of content for generating real-time precise prompts for care consideration; medCPU platform captures the clinical picture in real time, including narrative text and structured data to deliver the clinical and compliance guidance

Engineered Propulsion Systems

Venture Round in 2014
Engineered Propulsion Systems, Inc., founded in 2006 and based in New Richmond, Wisconsin, specializes in the manufacture of diesel aircraft engines. The company is known for its innovative Graflight V-8 engine, a lightweight, high-performance diesel engine designed specifically for general aviation. This eight-cylinder, 4-stroke piston engine operates within the 320 to 420 horsepower range and boasts significant advancements in fuel efficiency, reliability, and environmental impact. The Graflight V-8 offers up to 40 percent better fuel savings compared to traditional turbine engines and enhances operational range by up to 50 percent or increases payload by up to 40 percent over Avgas-powered aircraft. It also stands out for its reduced CO2 emissions, cutting them by 30 percent compared to Avgas engines and by 17 percent against other diesel options. Engineered Propulsion Systems aims to transform the general aviation landscape with its state-of-the-art technology, although the company faced challenges and filed for reorganization under Chapter 11 in July 2020.

WealthForge

Series A in 2014
WealthForge Holdings, Inc. operates a technology platform designed for the private capital markets, focusing on facilitating investments in alternative securities. Based in Richmond, Virginia, the company provides solutions that simplify the investment process while ensuring regulatory compliance. Its Altigo platform connects issuers with registered intermediaries, such as broker-dealers and investment advisors, enabling them to present vetted investment opportunities effectively. WealthForge's offerings include features for investment processing, compliance reviews, subscription automation, and reporting. Additionally, the company provides brokerage services, document preparation, investor relations, placement agent work, and escrow services. Founded in 2009, WealthForge aims to create a seamless experience for investors and sponsors in the alternative investment landscape.

WealthForge

Series A in 2013
WealthForge Holdings, Inc. operates a technology platform designed for the private capital markets, focusing on facilitating investments in alternative securities. Based in Richmond, Virginia, the company provides solutions that simplify the investment process while ensuring regulatory compliance. Its Altigo platform connects issuers with registered intermediaries, such as broker-dealers and investment advisors, enabling them to present vetted investment opportunities effectively. WealthForge's offerings include features for investment processing, compliance reviews, subscription automation, and reporting. Additionally, the company provides brokerage services, document preparation, investor relations, placement agent work, and escrow services. Founded in 2009, WealthForge aims to create a seamless experience for investors and sponsors in the alternative investment landscape.