Doing Business in Fairfax County

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Venture capital is funding provided to start-up companies in exchange for a percentage of ownership in the firms. Because of the strong local markets in telecommunications, software development, Internet services/security and managed healthcare, 30 venture capital firms including New Enterprise Associates, Blue Water Capital, Grotech Capital Group and Mid-Atlantic Venture Fund, to name a few, have established offices in the county. These firms provide equity capital and offer the management expertise necessary to accommodate the county's rapid business growth.

Many other funds, while headquartered elsewhere, acknowledge the value of investing in Fairfax County. Law firms, accounting firms and banks that specialize in serving the venture community also have a growing presence in the county.

The Fairfax County Economic Development Authority's FCEDA Capital Attraction Program enhances the county's visibility as a location for entrepreneurs to start and grow their businesses and seeks to increase Fairfax County's market share of venture capital funding. For more information, contact Rodney Lusk, Capital Attraction Manager.

The Venture Capital in Fairfax County Fact Sheet (.pdf) provides more information on the FCEDA's Capital Attraction Program.

In 2007, 38 Fairfax County companies received $268.6 million in venture capital financing. In the first quarter of 2008, 12 Fairfax County companies received $59 million in venture capital financing. See the companies that received venture backing in 2007, 2006, 2005, 2004 and 2003.

Case Studies of Venture-funded Fairfax County Companies

Recent Press Releases Related to Venture Capital

• Thirty-eight Fairfax County companies garner more than $268 million in venture capital funding in 2007 (February 15, 2008)
• Twelve Fairfax County companies receive $86 million in venture capital funding in second quarter (August 23, 2007)
• Eight Fairfax County companies receive nearly $32 million in venture capital funding in first quarter (April 27, 2007)
• 16 Fairfax County companies receive $131 million in venture capital funding in third quarter(December 14, 2006)
• Twelve Fairfax County companies receive $73 million in venture capital funding in second quarter (September 5, 2006)
• Seven Fairfax County companies take in $39 million in venture capital funding during first quarter(May 9, 2006)
• 45 Fairfax County companies win $297 million in venture capital funding during 2005 (February 20, 2006)

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Selected Venture Capital Events

• Capital Connection
• Early Stage East
• Grubstake Breakfast
• Mid-Atlantic Venture Fair

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Fairfax County Venture Capital Firms & Equity Investment Organizations

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Venture Banks with Offices in Fairfax County

Investment/Merchant Banks with Offices in Fairfax County

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Venture-Oriented Law Firms with Offices in Fairfax County

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Links to more information on Venture Capital in Fairfax County

• George Mason University (GMU)
• Mid-Atlantic Venture Association (MAVA)
• The Morino Institute
• National Venture Capital Association (NVCA)
• Northern Virginia Technology Council (NVTC)
• Netpreneur Program
• Center for Innovative Technology (CIT)
  

If you are an equity investor or affiliated with a venture capital firm interested in doing business in Fairfax County contact the manager of the FCEDA's Capital Attraction Program, Rodney Lusk, by e-mail at rlusk@fceda.org or by phone at 703-790-0600.

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