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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 first of the two English companies to travel and settle in Jamestown was the London Company. King James of England agreed for the company to set up a fort, a settlement and a company building with two main goals: to find bountiful gold and to find a route to the South Seas or the Orient.riginally called Jamestown after the king of England at that time, King James I, it was also known as âOld Dominion.â It was one of the first ever British colonies in the New World. Some call it the âMother of Presidents,â as eight U.S. presidents were born and raised in Virginia.