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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.
The London Company (also known as the Virginia Company) founded Jamestown for the British in 1607, making it the first permanent British colony in what is now the U.S.A. but it was not the first European or British colony in North America, with the above colonies all predating it.he first college founded in the British colonies was Harvard University. It was Founded in 1636 in Massachusetts Bay Colony. Was Chartered in 1650, and had its first instruc â¦ tion degrees in 1642.