News

CIT's Virginia Founders Fund Invests in Richmond-based Wearable Augmented Reality Startup ARtGlass

ARtGlass, which provides augmented reality experiences on smartglasses to cultural and historic sites, today closed a $1.3 million angel financing round.

CIT GAP Funds Invests in Student Opportunity Center to Strengthen College-To-Career Pathways

SaaS platform enables higher education institutions to centralize, manage and deliver experimental learning opportunities to students.

CEO of Senseware, a CIT GAP Funds Portfolio Company, Wins VAEEC Leadership Award

Award Showcases Champions for Energy Efficiency Across the Commonwealth

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.