Virginia Founders Fund

Venture Capital for Virginia's Underrepresented Entrepreneurs

CIT understands the critical role early-stage investment capital plays in the growth of innovative startups and Virginia’s economy, having invested over $20 million in 120+ Virginia-based companies since 2004, and catalyzing $500+ million in additional venture capital investment, mostly from out-of-state.

CIT is reinvesting proceeds from its successful GAP Funds investment program back into the Virginia economy in the form of the Virginia Founders Fund, a new program designed specifically to support entrepreneurs traditionally underrepresented in venture capital - minorities, women, veterans and other entrepreneurs located in regions outside of Northern Virginia.

The investment team will work with regional startup initiatives, early-stage funds, and accelerator programs across the Commonwealth to identify strategic opportunities for investment and potential co-investment to leverage additional capital.  

Sectors

The Virginia Founders Fund focuses on software, hardware, life science, cleantech, and technology-enabled services startups with a high potential for growth and ability to generate economic returns for the Commonwealth.

Geographic Focus

The Virginia Founders Fund invests exclusively in companies headquartered, and with an express desire to grow in, the Commonwealth of Virginia.

Application

To apply, please complete our suggested executive summary template and send to gap@cit.org.