White Rose Ventures Announces Close of $11.9M Venture Fund

May 16, 2023 | Press

York, PA — White Rose Ventures, a regional venture capital firm led by Martin Fedorko and Alexa Born, proudly announces the successful closure of its $11.9 million venture fund, the White Rose Impact Fund, dedicated to investing in the dynamic landscape of South Central Pennsylvania’s entrepreneurs. With an unwavering commitment to fostering innovation and propelling economic growth, this milestone marks a significant stride towards revolutionizing the region’s entrepreneurial ecosystem.

The White Rose Impact Fund, backed by a consortium of forward-thinking, progressive institutions, has garnered widespread support from esteemed investors. Foundations, academic institutions, corporate partners, and private investors have all joined hands to champion the potential of South Central Pennsylvania’s brightest minds. Notable institutional investors include the Powder Mill Foundation, J. William Warehime Foundation, Fulton Bank, WellSpan Health, York County Community Foundation, Arthur J. and Lee R. Glatfelter Foundation, Select Capital Group and York College of Pennsylvania, each bringing their unique expertise and resources to the table.

The White Rose Ventures team is driven by a shared vision to identify, invest in and support the most promising early-stage companies in South Central Pennsylvania. Since they started investing in November 2021, they have diligently evaluated numerous entrepreneurs and created a portfolio of high-potential companies. Through strategic investments totaling $4.98 million, White Rose Ventures has already propelled the growth of nine local companies, including Naqi Logix, Reflexion, cyberconIQ, Pledge It, EVERMIND, TEAMology, ReturnLogic, Gilson Snow, and The Pretzel Company.

Building upon their commitment to entrepreneur-led economic development, White Rose Ventures goes  beyond financial investments. They also host a nonprofit arm, Braided River Collective, which connects thinkers, doers, innovators, investors, and support organizations through programs such as Keystone Merge and WayFinder EcoMap. These initiatives foster collaboration, break down barriers and provide entrepreneurs with the resources necessary to thrive in a rapidly evolving business landscape.

“Central Pennsylvania has a rich history of entrepreneurship, and it is a privilege to be in a position to invest in those visionary entrepreneurs and their disruptive businesses. We extend our utmost gratitude to our esteemed investors — the very embodiment of dynamic, progressive institutions. Through entrepreneur-led economic development, we are poised to forge a future that generates and attracts the jobs of tomorrow for our region.” – Martin Fedorko, Founder and Managing Partner, White Rose Ventures

White Rose Ventures Announces Close of $11.9M Venture Fund

May 16, 2023 | Press