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Venture capital in West Virginia

No venture firm in our data is based in West Virginia. Below them are West Virginia’s other sources of capital, the LPs based here that report holding venture funds, and its SEC-registered family offices.

On this page: 16 other sources of capital 2 LPs.

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Other sources of capital in West Virginia

9 community development lenders, 3 union pension plans, 2 SBA lenders, 1 corporate pension plan, and 1 SBIC. From public registers and what each organization publishes; see Capital Sources for every state.

Sources of capital in West Virginia, by kind and name
SourceLocationOn the record
Hope Gas Pension PlanCorporate pension planMorgantownWVIn partnerships and joint ventures: $38MSingle-employer defined-benefit pension plan of Hope Gas, Inc., reporting $38.3M in partnership and joint venture interests at 2024-12-31.
Mountain State Capital SBIC, L.P.SBICMorgantownWVVenture$19M fund · vintage 2019 · not making new investments
I.U.O.E. Local 132 Pension FundUnion pension planHuntingtonWVIn partnerships and joint ventures: $84MMultiemployer (union) defined-benefit pension plan reporting $83.7M in partnership and joint venture interests at 2025-03-31.
Maryland Electrical Industry Pension PlanUnion pension planOnaWVIn partnerships and joint ventures: $91MMultiemployer (union) defined-benefit pension plan reporting $91.5M in partnership and joint venture interests at 2024-12-31.
United Mine Workers of America 1985 Construction Workers Pension PlanUnion pension planWheelingWVIn partnerships and joint ventures: $66MMultiemployer (union) defined-benefit pension plan reporting $66.2M in partnership and joint venture interests at 2025-06-30.
Calhoun County Bank, Inc.Community development lenderGrantsvilleWVCommunity development bank or thrift in Grantsville, WV, certified by the US Treasury’s CDFI Fund.
CommunityWorks in West Virginia, Inc.Community development lenderCharlestonWVCommunity development loan fund in Charleston, WV, certified by the US Treasury’s CDFI Fund.
FNB Bank, IncorporatedCommunity development lenderRomneyWVCommunity development bank or thrift in Romney, WV, certified by the US Treasury’s CDFI Fund.
Guaranty Bank, Inc.Community development lenderWilliamsonWVCommunity development bank or thrift in Williamson, WV, certified by the US Treasury’s CDFI Fund.
Partner Community Capital, Inc.Community development lenderCharles TownWVCommunity development loan fund in Charles Town, WV, certified by the US Treasury’s CDFI Fund.
Pioneer Community Bank, Inc.Community development lenderIaegerWVCommunity development bank or thrift in Iaeger, WV, certified by the US Treasury’s CDFI Fund.
The Center for Rural Health Development, Inc.Community development lenderHurricaneWVCommunity development loan fund in Hurricane, WV, certified by the US Treasury’s CDFI Fund.
Whitesville State BankCommunity development lenderWhitesvilleWVCommunity development bank or thrift in Whitesville, WV, certified by the US Treasury’s CDFI Fund.
Woodlands Community LendersCommunity development lenderElkinsWVCommunity development loan fund in Elkins, WV, certified by the US Treasury’s CDFI Fund.
Potomac BankSBA lenderCharles TownWV7(a) loans approved, fiscal year 2026: $4.5MSBA 7(a) lender in Charles Town, WV: 14 loans approved for $4.5 million in fiscal year 2026.
WesBanco Bank, Inc.SBA lenderWheelingWV7(a) loans approved, fiscal year 2026: $12MSBA 7(a) lender in Wheeling, WV: 22 loans approved for $12.2 million in fiscal year 2026.

LPs based in West Virginia

Foundations, pension plans, and other LPs here that report the venture funds they hold, by the number they hold. Local LPs often back local managers.

LPs based in West Virginia, by venture funds held
#LPLocationVenture fundsIn venture fundsTotal assets
1One FoundationPrivate foundation · as of December 31, 2024BeckleyWV2$132K$24M
2The Ross Foundation IncPrivate foundation · as of December 31, 2024ParkersburgWV1$175K$38M

About the data

An adviser’s state is where its Form ADV says its main office is. A fund-index firm is placed by the headquarters city the index lists, or by its Form ADV when the city doesn’t tell. Capital sources, LPs, and family offices are placed by the address their own register gives. Angel investors who list themselves are at hottub.vc/investors. Organizations only: no individuals are listed here, and a listing is a public record, not a recommendation. See the methodology.