CIT GAP Funds, the direct investment program of the Virginia Innovation Partnership Authority (VIPA) Investment Division, is proud to announce that four CIT GAP Funds portfolio companies were included on the 2021 Inc. 5000 List: HUNGRY, Urgently, Ostendio, and ID.me. The annual guide highlights the 5,000 fastest-growing privately held companies in the United States, which are ranked according to percentage revenue growth from 2017 to 2020. To qualify for the 2021 list, companies must have generated revenue by March 31, 2017 and achieved $2 million in revenue in 2020.
“We are extremely proud to have four portfolio companies listed on this year’s Inc. 5000.,” said Tom Weithman, Managing Director of CIT GAP Funds. “There is an incredible amount of new technology coming out of Virginia every year, impacting a variety of industries. The innovative spirit and deep experience of these entrepreneurs are just two of the many factors we look for in an early stage company. These qualities have undoubtedly played a role in the rapid growth of HUNGRY, Urgently, Ostendio, and ID.me.”
The four CIT GAP Funds companies represented on this year’s Inc. 5000 list are continuing to scale their businesses to deliver unique technology to the marketplace:
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CIT Press 2020-2021