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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.
In April 1606, the Virginia Company, which was financed by London's merchant class, received a royal charter granting it permission to colonize part of the east coast of North America. Smith's connections, skills, and willingness to invest his own money helped him secure a spot in the expedition and an appointment to the colony's governing council.