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The Virginia Colony was founded as an investment plan by the Virginia Company, which had been granted a charter in June, 1606. On May 14, 1607, after being funded by investors, explorers established Jamestown Colony near the James River, off the Chesapeake Bay.

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βˆ™ 10y ago
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βˆ™ 16y ago

England - The name refers to Queen Elizabeth the First - the Virgin Queen

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βˆ™ 11y ago

The Virginia Company sent 104 men to Va. This was a group of investors looking for a profit.

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βˆ™ 13y ago

For profit from gold and Natural Resources. It was founded in 1607 A.D.

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Q: Who founded the Virginia colony and why?
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