News

CIT’s Virginia Founders Fund Invests in Fringe to Change the Way Employers Offer Benefits

With more employees prioritizing benefits over pay raises, the Fringe platform takes the hassle out of offering diverse and flexible perk programs

CIT GAP Funds Invests in Fenris to Improve Insurance Quote Process for both Applicants and Insurers

Software and analytics startup streamlines the digital insurance quoting process, while preserving underwriting integrity and accuracy.

CIT GAP Funds Managing Director, Tom Weithman, to Speak at 2019 Cyber Investing Summit

Panel will offer insight on investment opportunities and financial strategies for emerging cybersecurity startups.

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.