Fledgling venture fund makes first investments

After raising roughly $10 million, a startup venture fund in York has disclosed an inaugural round of investments.

Martin Fedorko, left, and Alexa Born founded White Rose Ventures in 2020 (photo/submitted).
  • White Rose Ventures has plowed $1.73 million into companies in Lancaster, Harrisburg and York
  • The firm also unveiled a nonprofit, Braided River Collectivedesigned to support entrepreneurs around the region.
  • They mark the firm’s biggest public moves since White Rose Ventures was founded in 2020 by Alexa Born and Martin Fedorko as a means of funneling much-needed capital to the region’s entrepreneurs.

Who was funded: Four companies that may be familiar to those who follow the region’s startup scene. They are (followed by White Rose’s investment):

What’s next: Fedorko said he and Born are looking for more companies in which their fund can invest.

  • Braided River Collective, meanwhile, has revived Keystone Merge, a monthly event for entrepreneurs that rotates between Harrisburg, Lancaster and York.
  • After a pause during the Covid-19 pandemic, the first Keystone Merge meeting was held in York last night. The next is scheduled for March 3 in Harrisburg followed by an April event in Lancaster.
  • The nonprofit also is collaborating with York College on a study of the entrepreneur experience in York.
  • Born is the nonprofit’s executive director, while Fedorko is the treasurer.
  • Board members include Anne Kirby of Lancaster-based The Candy Factory; Dommonick Chatman of York-based consulting firm The Chatman Group LLC; and consultant Elaine Bonneau, former director of Downtown Inc in York.

-by Joel Berg, editor of biznewsPA

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