News

CIT GAP Funds Invests in Fitnet

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

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

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.
 



Fund:
 
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Kaprica Security

  

CEO: Doug Britton

Company Status: Private
Investment Status: Current
Fund: GAP Tech Fund
Mobile security company commercializing a secure smartphone charger that enables nation-state quality security for Android users.


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KZO Innovations


Herndon, Virginia
CEO: Wes Cruver
Company Status: Acquired
Investment Status: Historical
GAP Fund: GAP Tech Fund
Provider of an interactive communications platform that delivers live and pre-recorded video, audio, and text over IP in a set of applications.


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Latista


Reston, Virginia
CEO: Andrei Lavrov
Company Status: Private
Investment Status: Current
GAP Fund: GAP Tech Fund
Latista solves costly quality and field operations challenges by implementing the industry’s leading enterprise mobile quality management and field automation software solution.


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Lendpro

Charlottesville, Virginia

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

Cloud base service that solves problems related to productivity in big ticket retail consumer finance

 


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Lewis & Clark Pharmaceuticals

Charlottesville, Virginia
CEO: Robert Thompson
Company Status: Private
Investment Status: Current
Fund: GAP BioLife Fund

Develops clinical products such as adenosine-related compounds.


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LT Technologies

Chantilly, Virginia
CEO: Mark Tian
Company Status: Private
Investment Status: Historical
GAP Fund: GAP Fund I
Microwave technology for broad-scale processing of semiconductors and electronic materials.


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Heyo


Blacksburg, Virginia
CEO: Nathan Latka
Company Status: Private
Investment Status: Current
GAP Fund: GAP Tech Fund
Social media tool that helps you customize fan pages, launch mobile apps, and generate web sites all in one place.


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Marz Industries


Richmond, Virginia
CEO: Eddie Miller
Company Status: Private
Investment Status: Current
GAP Fund: GAP Tech Fund
Hydrogen fuel cell-based technology to improve fuel efficiency and reduce emissions for the trucking and other diesel-reliant industries.


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Miserware


Blacksburg, Virginia
CEO: Kirk Cameron
Company Status: Private
Investment Status: Current
GAP Fund: GAP Tech Fund
Software provides power measurement and management for corporate and government environments.


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Mobile System 7

McLean, Virginia
CEO: Mark McGovern
Company Status: Private
Investment Status: Current
Fund: GAP Tech Fund
Security Product that uses credit card style analytics for enterprise data.


 


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.