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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.

GAP Investment Advisory Board and Committee

Composed of leading members of Virginia's early-stage investment community, CIT's Investment Advisory Board (IAB) and Investment Committee guides CIT in making all GAP Program investment decisions.

Daniel Barchi
President and CEO, Carilion Biomedical Institute
Investment Advisory Board – August 2006 to Present
GAP BioLife Investment Committee Member

Wagish Bhartiya
Associate, Grotech Capital
Investment Advisory Board – November 2007 to Present
GAP Tech Investment Committee Member

William Caragol
Chief Financial Officer, Government Telecommunications, Inc.
Investment Advisory Board – November 2003 to September 2006

Charles Curran
General Partner, Valhalla Partners
Investment Advisory Board – August 2006 to May 2007

Hiram Ewald
Managing Partner, Tall Oaks Capital
Investment Advisory Board – August 2006 to Present
GAP BioLife Investment Committee Member

Tom Grossi
Principal, New Enterprise Associates (NEA)
Investment Advisory Board – August 2006 to Present
GAP Tech Investment Committee Member

Peter Jobse
President and CEO, Center for Innovative Technology
Investment Advisory Board – November 2003 to Present
GAP Tech Investment Committee Member & GAP BioLife Investment Committee Member

Suzanne King
Partner, New Enterprise Associates
Investment Advisory Board – November 2003 to June 2006

Eric Koefoot
Investment Advisory Board – January 2008 to Present
GAP Tech Investment Committee Member

John May
Managing Partner, New Vantage Group
Investment Advisory Board – November 2003 to May 2007

Don Rainey
Partner, Intersouth Venture Partners
Investment Advisory Board – November 2003 to May 2007

Dr. Bruce Robertson
Managing Director, H.I.G Ventures
Investment Advisory Board – November 2003 to Present
GAP BioLife Investment Committee Member

Jill Stelfox
Co-founder, Chairman, CEO, Defywire
Investment Advisory Board – November 2003 to December 2007
GAP Tech Investment Committee Member

John Uhrin
Venture Partner, Harbert Management Corporation
Investment Advisory Board – January 2008 to Present
GAP BioLife Investment Committee Member

S. Tien Wong
Chief Executive Officer, Opus8
Investment Advisory Board – August 2006 to Present
GAP Tech Investment Committee Member

 

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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