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Learn more about the Virginia Colony founded by the London Company in colonial America. It started as Jamestown in 1607 before becoming a royal colony Learn more about the Virginia Colony founded by the London Company in colonial America.
Founded as James Fort on May 14, 1607,[1] it was the first â¦ permanent English settlement in what is now the United States of America, following several earlier failed attempts, including the Lost Colony of Roanoke. It was founded by the London Company (later to become the Virginia Company), headquartered in England.Jamestown was the capital of the colony for 83 years (from 1616 until 1699).istoric Jamestowne,[6] the archaeological site on Jamestown Island, is a cooperative effort by Jamestown National Historic Site, part of Colonial National Historical Park (a unit of the National Park Service), and Preservation Virginia.