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Office Locations:
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Greenway Building, Northgate Business Park
180 Association Drive
Charleston, WV 25311-1217
Phone: 304-558-3651
Fax: 304-558-0206
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Information Technology
Life Sciences & Healthcare
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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 $1,000,000, the interest rate is fixed at closing using Wall Street Journal Prime times 75%. The interest rate for loans above $1,000,000 are priced at a rate equal to the U.S. Treasury Note rate of equivalent maturity, plus three-quarters percent.
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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
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| COMPANY STAGE | REVENUE |
| Venture Capital | |
Seed Stage
(includes "pre-seed," or
concept stage) | No Revenue |
| Early Stage | Minimal
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 |
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