Venture Capital (VC) Backed is the term used to describe a business that has received venture capital funding. This type of funding is provided by investors known as venture capitalists who seek out the most promising startups and provide early-stage investing to help these companies achieve their potential. Venture capital-backed businesses can bring great value to an industry and have the potential to become successful and profitable enterprises. By investing in such businesses, venture capitalists play an important role in contributing to economic growth.