News

CIT Investment Director, Jen O’Daniel, to Speak at Alberta Innovates Symposium

CIT is pleased to announce that Jennifer O’Daniel, Investment Director, will speak at the 2018 Alberta Innovates Future of Cyber Security Symposium in...

CIT Announces Funding Sources Series for October 2018

CIT announced today that it will host a series of events throughout the Commonwealth of Virginia to provide an overview of funding sources and programs...

CIT Investment Director Marco Rubin to Speak at 2018 Global Security Exchange

CIT today announced that Senior Investment Director, Marco Rubin, will speak at the 2018 Global Security Exchange (GSX) in Las Vegas. Formerly known as...

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.