News

Governor Northam Announces Creation of the Virginia Founders Fund

Governor Ralph Northam announces the creation of the Virginia Founders Fund, a new seed-stage fund that increases access to venture capital in Virginia....

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 Announces Leadership Transition at MACH37 Cyber Accelerator

CIT today announced modifications to the management structure of the MACH37 Cyber Accelerator with Tom Weithman being named as President of MACH37, LLC,...

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. Portfolio.
  • 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.