Governor Northam Announces Creation of the Virginia Founders Fund

Governor Ralph Northam announces the creation of the Virginia Founders Fund, a new seed-stage fund that increases access to venture capital in Virginia....

CIT GAP Funds Invests in Advanced Aircraft Company

CIT announced today that its CIT GAP Funds has invested in Advanced Aircraft Company (AAC), an aeronautical engineering and aircraft manufacturing company...


CIT’s GAP Venture Fund began deploying capital in mid-2005. The Fund invests in high-potential early stage technology companies accelerating their path to significant growth through active partnership and company development.


Richmond, Virginia
CEO: Mat Dellorso
Company Status: Active
Investment Status: Current
Fund: GAP Tech Fund
WealthForge provides simple and compliant private placement transaction processing making private investing and capital raising more transparent and efficient.


Bristol, Virginia
CEO: Amit Prakash
Company Status: Private
Investment Status: Current
GAP Fund: Commonwealth Energy Fund (CEF)
Developer and manufacturer of compressed natural gas (CNG) cylinders reinforced with steel wire, thus reducing weight, providing high safety, and increasing fuel-efficiency for vehicles.


Reston, Virginia
CEO: Steve Lilley
Company Status: Private
Investment Status: Current
GAP Fund: GAP Tech Fund
WorkProducts, Inc. provides the Virtual Private Cloud software platform, MatterSpace ELM, to the corporate legal and outside legal counsel, to drive sustained information governance to reduce information risks around data management and eDiscovery. Consultancies and leading service providers license the technology within their Managed Services offerings with no hardware/software licensing available to optimize cost management while reducing, even eliminating, their client's risks.


Herndon, Virginia
CEO: Zubair Talib
 Company Status: Private
Investment Status: Current
Fund: GAP Tech Fund
YaSabe is the largest provider of location based information for US Hispanics - which includes local business information, coupons, jobs, and auto classifieds across the US. Having reached nearly 9M Hispanics online mostly through mobile devices, YaSabe enables advertisers to reach this growing online segment by providing local and national businesses digital marketing campaigns and lead generation.


Arlington, Virginia
CEO: Felix Brandon Lloyd
Company Status: Private
Investment Status: Current
GAP Fund: GAP Tech Fund
Zoobean provides software that helps public libraries and schools better engage families and build children's literacy. The core product, Beanstack, provides recommendations of books and events matched to each child's interests. It also helps libraries facilitate their summer reading programs.


Reston, Virginia
CEO: Justin Langseth
Company Status: Private
Investment Status: Current
Fund: GAP Tech Fund
Zoomdata, developers of the world's fastest visual analytics for big data, is built from scratch for speed as a modern, cloud-scale application. Easy to use for business analysts who are not BI or data science experts, it can be embedded seamlessly in other applications.


Reston, Virginia
CEO: Ali Reza Manouchehri
Company Status: Private
Investment Status: Current 
GAP Fund: GAP Tech Fund
Zoomph is a Software as a Service business providing a suite of marketing tools to businesses and consumers.


GAP Funds portfolio companies are early stage companies with corresponding investment risk profiles; CIT assumes no liability for any investment by any person in any GAP Funds Portfolio company.