News

CIT Investment Director, Jennifer O’Daniel, to Present Black Hat Innovation Session

The Center for Innovative Technology (CIT) today announced that Investment Director Jennifer O’Daniel has been selected to present a panel at Black Hat...

Increasing access to venture capital for all Virginians

CIT GAP Funds Managing Director and MACH37 President, Tom Weithman, shares insight into how our new investment vehicle, the Virginia Founders Fund, will...

Scoop News Group Launches Securiosity Podcast

Scoop News Group launched Securiosity, a brand-new podcast about cybersecurity, featuring co-hosts Greg Otto, editor-in-chief of CyberScoop, and Jennifer...

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.