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CIT GAP Funds makes seed-stage equity investments in Virginia-based technology and life science companies with a high potential for achieving rapid growth and generating significant economic return.

CIT GAP Funds Investment Philosophy

CIT GAP Funds creates significant economic value for entrepreneurs, investors and the Commonwealth of Virginia by investing in seed-stage technology companies.  CIT GAP Funds differs from other venture funds in three important ways:

  • Concentration on Seed-Stage Investment - Providing full consideration to first-time entrepreneurs, pre-prototype technologies and emerging technology markets, we invest in high potential technology companies at the earliest stages of company formation, catalyzing angel participation and fostering Series-A venture capital financing.
     
  • Strategic Relationships – We work closely with funding sources and strategic partners to conduct “Series-A grade” due diligence and develop superior insight into market expectations for our portfolio companies. Our work with portfolio companies is focused on achieving the specific business and technology development milestones aligned with those expectations.
     
  • “Entrepreneurial” Approach to Company Development - Anchored in a set of core values shared with our portfolio CEOs, our investment approach is biased toward creative resource aggregation, efficient capital deployment, and a “roll-up-our-sleeves” approach to working with entrepreneurs.  This approach fully exploits our team’s substantial experience in new company creation, operations, technology development, and consultative problem-solving.

GAP Fund I Highlights

  • Global Cell Solutions closed a Series A round on 4/22/08
  • SquareLoop closed a Series A round on 12/17/07
  • Tau closed a Series A round on 10/19/07
  • Verical closed a Series A round on 9/27/07
  • Plurapage closed a Series A round on 4/13/07
  • 4FrontSecurity was acquired by Symantec on 2/23/07
  • Visure closed a Series A round on 2/22/07
  • RollStream closed a Series A round on 7/17/06
  • Paxfire closed a Series A round on 4/22/05
 
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