News

Urgent.ly Closes $1.2 Million Pre-Series A-Round Funding to Expand Innovative Roadside Assistance Service in Washington, DC and other Cities

Select Venture Partners Join Blu Ventures and CIT GAP Funds in New Round of Funding Following Urgent.ly’s Success in DC, Maryland and Virginia

Startup Zoomdata Raises $17M to Push Real-Time “Sharpening” Approach to Big Data

CIT GAP Funds portfolio company - Zoomdata announced a $17 million Series B funding round led by Accel Partners. The two-year-old Reston, Virginia-based...

CIT GAP Funds Invests in Biotherapeutics, Inc.

The Center for Innovative Technology (CIT) announced today that its CIT GAP Funds closed an investment in Biotherapeutics, Inc., a Blacksburg-based company...

CIT GAP Funds

Who We Are:

CIT GAP Funds is a family of seed- and early-stage investment funds placing near-equity and equity investments in Virginia-based technology, life science, and cleantech companies.  CIT GAP Funds invests in companies with a high potential for achieving rapid growth and generating significant economic return for entrepreneurs, co-investors and the Commonwealth of Virginia.  CIT’s family of funds includes:

  • GAP Fund I – A vintage 2004 fund fully invested in a broad array of seed-stage technology companies. Portfolio.
  • GAP BioLife Fund – A seed fund investing exclusively in life science companies. 
  • GAP Tech Fund – A seed fund investing in IT and technology companies.
  • Commonwealth Energy Fund (CEF), a seed fund investing in energy efficiency and renewable energy companies. 

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