News

CIT GAP Funds Invests in Fend to Advance Cybersecurity Solutions for Critical Infrastructure

Company’s dual hardware-software approach provides a high level of security for critical assets

CIT Announces Annual Funding Sources Series for FY2020

Events provide an overview of funding opportunities available through CIT for researchers, entrepreneurs, and startup companies located in the Commonwealth.

CIT GAP Funds Invests in Babylon Micro-Farms to Empower Sustainable Urban Agriculture

Entrepreneurs pioneer a new business model for accessible indoor agriculture through on-demand farming service using patented IoT technology.

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. 
  • 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. 
  • Virginia Founders Fund, a seed fund designed to increase investment opportunities for Virginia-based entrepreneurs traditionally underrepresented in venture capital.