ED  West Virginia Economic Development Authority

http://www.wveda.org





     Office Locations:

Greenway Building, Northgate Business Park
160 Association Drive
Charleston, WV 25311-1217
Phone: 304-558-3650
Fax: 304-558-0206

 

Stages:

  • Seed


 

Industries:

  • Information Technology
  • Life Sciences & Healthcare

  •  

    Description:

    WVEDA is charged with the responsibility to develop and advance the business prosperity and economic welfare of the State of West Virginia, by providing financial assistance in the form of loans and direct financing and operating leases to industrial development agencies and enterprises for the promotion and retention of new and existing commercial and industrial development. Executive and legislative actions in 2002 provided $25 million dollars, in the form of direct investment, to stimulate the facility for venture capital financing in West Virginia. The Direct Loan Program is for applicants seeking a loan from the WVEDA in the minimum amount of $50,000 and a maximum amount of $10,000,000. The WVEDA has a two tiered pricing system. For loans of $50,000 to $800,000, the interest rate is the New York Prime rate minus 4%. Loans above $800,000 are priced at a rate equal to the U.S. Treasury Note rate of equivalent maturity, plus three-quarters percent.



    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
       
       
       
    COMPANY STAGEREVENUE
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Revenue
    Growth Stage
    (also called Mid-stage)
    $2M-$7M
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B
       
       
     

    Investment Team:


    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Caren Wilcher Associate Director
    David Warner Executive Director
    Joey Browning Loan Officer
    Steve Webb Loan Officer
    Tony Benedetto Loan Officer

     

    Portfolio companies include:


      OODA
        web link


      Protea Biosciences
        web link


      rue21
        web link


     

    Recent News: