News

CIT GAP Funds 2019 Impact Report Showcases $28.8 Million in Capital Deployed to Date

Investments have supported the creation of over 6,000 jobs throughout the Commonwealth​

CIT GAP Funds Invests in Jeeva to Decentralize and Improve Clinical Trial Operations

Startup takes clinical trials to patients’ homes using digital health technologies to help bring more innovative medicines to market

CIT GAP Funds Invests in Kamana to Streamline and Secure Healthcare Staffing

Startup’s software platform allows healthcare employers and professionals to collaborate, fill jobs, and manage careers more efficiently.

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.