News

CIT GAP Funds Invests in Kinometrix to Help Prevent Falls in Hospitals

Healthcare analytics company uses machine learning and wearable balance sensors to solve in-patient falls in U.S. hospitals.​

CIT GAP Funds Invests in Buddy to Provide Accident Insurance for Outdoor Lifestyles

Richmond startup launched first on-demand accident insurance to help people fearlessly enjoy an active and outdoor lifestyle.​

Three CIT GAP Funds Portfolio Companies Listed Among 2019 Inc. 5000

Annual Guide Highlights the 5,000 Fastest-Growing Privately Held Companies in the U.S.

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.