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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.
King James I granted the merchants a charter to establish a colony called Virginia. It gave the Virginia Company authority over a large portion of North America's Atlantic Coaâ¦stline. When the first colonists arrived in Virginia in 1607, the hundred men that had sailed into Chesapeake Bay built a fort called Jamestown.