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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 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 inves â¦ tors, explorers  established Jamestown Colony near the James River, off the  Chesapeake Bay. Answered. In Colonial America.he 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 inves â¦ tors, explorers  established Jamestown Colony near the James River, off the  Chesapeake Bay. Answered. In Colonial America.