Startups
Investing / Venture capital

A new venture firm in NoVA has raised $20M for its first fund

Lavrock Ventures is aiming to raise a total of $50 million.

Funding alert. (Photo from TaxCredits.net, Flickr Creative Commons)

A local venture capital firm called Lavrock Ventures has raised more than $20 million for its first fund and is planning to raise $30 million more, reports the Washington Business Journal. An SEC filing filed in early September reports that the firm aimed to raise $50 million.
According to the company’s LinkedIn, the venture firm, based in McLean, Va., was founded last year and will mainly focus on “post-seed and Series investments” for startups in cybersecurity, govtech and enterprise (or B2B) software.
Last year, the firm participated in an $11 million Series A for local telemedicine startup Avizia, according to Yahoo News.
Avizia was founded in 2013 and developed a video platform that can be used to conduct consultations and follow-ups with patients. Yahoo News reported that the plan for the Series A funds Lavrock helped raised was to expand into more hospitals, as well as begin including patients’ families in certain conversations.
We reached out to Lavrock but have yet to hear back.
Lavrock’s sparse website lists three partners: James “Jim” Hunt, Stephen Smoot and Daniel Hanks.
The managing partner is Hunt, a founding member of Vienna, Va.-based Blu Venture Investors and an adjunct professor at Georgetown University’s McDonough School of Business.

The Lavrock Ventures logo

The Lavrock Ventures logo. (Courtesy image)


Smoot is one of Lavrock’s general partners. He was the former vice president of Blu Venture Investors and later helped found another venture firm in D.C., NextGen Venture Partners.
Hanks is also a general partner at Lavrock, coming to the firm with a background in investments as well as startups, including working as the CEO of D.C.-based tech company SnapDash, where he developed a mobile photo app.
The logo for the venture capitalist firm is the black silhouette of a bird. Lavrock is an alternative spelling for “laverock,” a British songbird also known as a lark. Poet Isabella Valancy Crawford famously wrote, “A bee may buz among the heath—a lavrock cleave the skies.”

Before you go...

Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.

3 ways to support our work:
  • Contribute to the Journalism Fund. Charitable giving ensures our information remains free and accessible for residents to discover workforce programs and entrepreneurship pathways. This includes philanthropic grants and individual tax-deductible donations from readers like you.
  • Use our Preferred Partners. Our directory of vetted providers offers high-quality recommendations for services our readers need, and each referral supports our journalism.
  • Use our services. If you need entrepreneurs and tech leaders to buy your services, are seeking technologists to hire or want more professionals to know about your ecosystem, Technical.ly has the biggest and most engaged audience in the mid-Atlantic. We help companies tell their stories and answer big questions to meet and serve our community.
The journalism fund Preferred partners Our services
Engagement

Join our growing Slack community

Join 5,000 tech professionals and entrepreneurs in our community Slack today!

Trending

Tech companies spent over $342M on lobbying while laying down stakes in DC

He started at Neya as an intern. 10 years later, he’s director of robotics — and loving life

Women still fight for a seat at the tech industry table, even if bias is 'more subtle' these days

Entrepreneurs need housing more than tax policy

Technically Media