Vance raises $93 million for Narya Capital.

In 2020, J.D. Vance raised $93 million for Narya Capital, a venture capital firm he co-founded. Narya Capital, based in Cincinnati, Ohio, was established with the goal of investing in early-stage startups across the United States, with a particular focus on regions outside of the traditional tech hubs. The firm was named after one of the rings of power in J.R.R. Tolkien's The Lord of the Rings, symbolizing the firm's mission to support and empower visionary entrepreneurs. The $93 million raised by Narya Capital underscored Vance’s growing influence in the venture capital world. Building on his work with Steve Case’s Rise of the Rest initiative at Revolution LLC, Vance sought to continue investing in innovation in America's heartland. His experience and deep connection to the challenges facing Rust Belt communities informed the firm’s focus on supporting startups in underrepresented areas, aiming to bring economic growth and opportunity to regions often neglected by coastal investors. Narya Capital’s backers included prominent figures like Peter Thiel, the billionaire venture capitalist, as well as other influential investors. The firm’s mission aligned with Vance’s broader economic vision, which emphasized revitalizing local economies and reducing the disparity between coastal and inland economic development. #JDVance #NaryaCapital #VentureCapital #EconomicRevitalization #StartupInvestment #HillbillyElegy #MomentsOfLife #MoofLife_Moment #MoofLife