SMALL BUSINESS INVESTMENT COMPANIES HAVE INVESTED MORE THAN $658 MILLION IN VIRGINIA OVER THE LAST 5 YEARS.
Small Business Investment Company Impact in Virginia
- SBICs have invested in 124 small businesses in Virginia since 2018.
- SBICs have invested $658.4 million in Virginia small businesses since 2018, with $139.6 million invested in FY 2022 alone.
- Virginia businesses that received financing from SBICs in 2022 supported 2,292 employees.
A sampling of the Virginia-based companies that have received SBIC financing:
API Cryptek, Inc. (Sterling)
Cryptek emanation security products and information assurance solutions safeguard the world's most sensitive information assets by protecting IT systems and confidential data from those who may do harm. The company is a dominant technology provider of RF/microwave, microelectronics, and security technologies for critical and high-reliability applications.
- SBIC Investment: $8,900,000
The Motley Fool (Alexandria)
Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company with offices in the UK, Australia, Canada, Singapore, and Germany. The Motley Fool offers a wide range of stock news and analysis at its free website, Fool.com, as well as through a variety of paid investment advice services. The company reaches millions of people each month through its website, books, newspaper column, television appearances, and subscription newsletter services.
- SBIC Investment: $25,000,000
Echo360, Inc. (Dulles)
Echo360 is on a mission to transform teaching and learning through active learning technology. Over three million students in 8,000 classrooms now have a more engaging learning experience using the Echo360 Active Learning Platform. These students participate more frequently, study more effectively, and collaborate more often using Echo360 before, during and after class. Echo360 is shown to improve learning outcomes and student satisfaction in flipped classrooms, distance learning courses, MOOCs, and even the traditional classroom. More than 650 institutions in 30 countries worldwide are transforming how their instructors teach and students learn.
- SBIC Investment: $1,245,960