News

CIT GAP Funds Invests in Advanced Aircraft Company

CIT announced today that its CIT GAP Funds has invested in Advanced Aircraft Company (AAC), an aeronautical engineering and aircraft manufacturing company...

CIT GAP Funds Receives Regional Impact Award

CIT has been recognized by (ACG National Capital with the ‘Regional Impact Award’, for the CIT GAP Funds team’s 2016 contributions to the economic development...

Verizon Digital Media Services and Distil Networks Partner to Provide Best-in-Class Bot Detection and Mitigation Solutions

CIT GAP Funds Portfolio Company - Distil Networks partners with Verizon

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:
 
nvite
nvite


Crystal City, Virginia
CEO: Martin Ringlein
Company Status: ­­­Private
Investment Status: Current
Fund: GAP Tech Fund
nvite offers an interactive online experience for planning, attending and engaging with events using socially intuitive mechanisms for increase engagement before, during and after the event. .

 


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Ostendio


Arlington, Virginia
CEO: Grant Elliott
Company Status: ­­­Private
Investment Status: Current
Fund: GAP Tech Fund
Ostendio is an information security & risk management solutions provider that develops affordable compliance solutions that demonstrate compliance for the healthcare industry. Ostendio’s my virtual compliance manager (MyVCM™) is a cloud based compliance management platform that delivers an easy to use, cost-effective way for companies to demonstrate information security compliance to industry standards and regulatory requirements.


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OTraces

Herndon, Virginia
CEO: Keith Lingenfelter
Company Status: Private
Investment Status: Current 
GAP Fund: GAP BioLife Fund
OTraces Inc. develops and provides advanced oncology systems that help doctors and researchers detect cancer efficiently and early using highly accurate and sensitive blood screening tests for breast, prostate, lung and ovarian cancers.


parabon
Parabon NanoLabs


Reston, Virginia
CEO: Steven Armentrout
Company Status: Private
Investment Status: Current
GAP Fund: GAP BioLife Fund
Parabon NanoLabs is a vertically integrated DNA technology company that develops next-generation therapeutic and forensic products, which leverage the enormous power of DNA.


performyard
PerformYard


Arlington, Virginia
CEO: Ben Hastings
Company Status: Private
Investment Status: Current
GAP Fund: GAP Tech Fund
PerformYard drives employee and sales performance for the enterprise through intuitive and web-based software. Companies like WeddingWire, AddThis, The Pain Center, and Datawatch leverage PerformYard to simplify employee performance management and drive revenue growth through sales automation. The PerformYard platform enables executives to better leverage their most important resource - people.


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Piedmont Bioproducts

Gretna, Virginia
CEO: Ken Moss
Company Status: Private
Investment Status: Current
GAP Fund: GAP Fund I
Renewable resource company that will generate products derived from energy crops grown by farmers in a closed loop system within a specified radius of its refinery.


phosimmune
PhosImmune

Charlottesville, Virginia
CEO: Thomas Haag
Company Status: ­­­Acquired
Investment Status: Historical
Fund: GAP BioLife Fund
PhosImmune discovers highly tumour-specific target antigens (TPPs) that may be targeted by antibody or T cell receptor based therapeutic modalities. The TPPs are derived from proteins within cancer cells that are abberantly phosphorylated as a consequence of the development of the disease. The abberant phosphorylation is displayed to the outside of the cancer cell through presentation of phosphopeptides by human MHC proteins.


pockitship
PockitShip


Chantilly, Virginia
CEO: Steve Senkus
Company Status: Private
Investment Status: Current
Fund: GAP Tech Fund
PockitShip is an on-demand pickup and delivery service targeting the heavy goods shipping market. The company helps people move new or used items from point A to point B whether across-town or across-country.


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Power Fingerprinting


Blacksburg, Virginia
CEO: Jeffrey Reed
Company Status: Private
Investment Status: Current 
GAP Fund: GAP Tech Fund
A physics based endpoint security solution company which is a VT spinoff. The PFP solution detects and reacts in machine for threats from hardware, firmware and up. It has been proven for supply chain and IoT.


Power-Supply-Logo-Small1
PowerSupply


Arlington, Virginia
CEO: Patrick Smith
Company Status: Private
Investment Status: Current
GAP Fund: GAP Tech Fund
Power Supply helps busy, active folks eat and live better by connecting them with a network of talented, independent local chefs. Our chefs craft freshly prepared, table ready meals with tons of care and flavor, but with no gluten or dairy. Customers use our platform to order online each week (3 and 5 day plans for meat eaters and vegetarians alike), and we deliver them via a network of 100+ pickup locations in the greater DC area and Los Angeles.


 


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.