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CIT GAP Funds Invests in Fitnet

9/17/2013 7:29:00 AM

The Center for Innovative Technology (CIT) announced today that its CIT GAP Funds closed an investment in Fitnet, a virtual fitness studio application...

WBJ Story: CIT GAP Funds Portfolio Company, Zoomdata lands $4.1 Million Series A

7/12/2013 10:59:00 AM

CIT GAP Funds Portfolio company, Zoomdata lands $4.1 million Series A round led by Columbus Nova Technology Partners.

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Portfolio

CIT’s GAP Venture Fund began deploying capital in mid-2005. The Fund invests in high-potential early stage technology companies accelerating their path to significant growth through active partnership and company development.

Tweets from @dcvcjen/portfolio

Fund:

C3RS

Louisa, Virginia
CEO: Chad Koslow
Company Status: Private
Investment Status: Current
Fund: Commonwealth Energy Fund (CEF)
Tire recycling company with the capability to produce tire derviced fuel and crumb using an ambient grinding process that seperates care and truck tires into rubber, steel and fiber.

Canvas

Herndon, Virginia
CEO: James Quigley
Company Status: Private
Investment Status: Current
Fund: GAP Tech Fund

Device-agnostic mobile business forms provider

CavitroniX

Bristol, Virginia
CEO: Tom David
Company Status: Private
Investment Status: Current
Fund: Commonwealth Energy Fund (CEF)
Designs, develops, manufactures and sells the Emulsion to Combustion water-in-fuel emulsification systems, which save energy and reduce emissions in oil-fired boilers and engines.

CirrusWorks, Inc.

Herndon, Virginia

CEO: David Gianini
Company Status: Active
Investment Status: Current
Fund: GAP Tech Fund

Enables IT managers to optimize network performance automatically, consistently and reliably to maximize resources.

ClearEdge 3D

Warrenton, Virginia
CEO: Chris Scotton
Company Status: Private
Investment Status: Current
Fund: GAP Tech Fund
Automation of building feature extraction from point cloud data, that cuts modeling time and costs by over 50%.

Cont3nt

Dulles, Virginia
CEO: Anton Gelman
Company Status:Private
Investment Status:Current
Fund:GAP Tech Fund
Offers a real-time market for photo and video journalism.

DistilIT

Falls Church, Virginia
CEO: Rami Essaid
Company Status: Private
Investment Status: Current
Fund: GAP Tech Fund
Cloud-based software designed to protect online content, preserve search engine rankings and improve ad revenue.

Efficient Photon

McLean, Virginia
CEO: Jeff Myers
Company Status: Private
Investment Status: Current
Fund: GAP Tech Fund
Energy efficient industrial lighting products for retrofit and new construction.

Engineered Products of Virginia, LLC

Saltville, Virginia
CEO: Curtis Frye
Company Status: Private
Investment Status: Current
Fund: GAP Fund I
Developer and manufacturer of innovative electronic and electrical products for the electrical transformer, motor and electrical apparatus manufacturing industries.

EVS Glaucoma Therapeutics

Herndon, Virginia
CEO: Michael A. Ross
Company Status: Active
Investment Status: Current
Fund: GAP BioLife Fund

Developer of a bio-absorbable, humanized collagen implant capable of sustained delivery of Latanoprost, the #1 prescribed glaucoma medication.

GAP Funds portfolio companies are early stage companies with corresponding investment risk profiles; CIT assumes no liability for any investment by any person in any GAP Funds Portfolio company.