In 2003 was created CIT GAP Funds, which is appeared as VC. The venture was found in North America in United States. The leading representative office of defined VC is situated in the Herndon.
The fund is constantly included in 7-12 investment rounds annually. The typical startup value when the investment from CIT GAP Funds is 1-5 millions dollars. Deals in the range of 1 - 5 millions dollars are the general things for fund. Comparing to the other companies, this CIT GAP Funds performs on 11 percentage points less the average number of lead investments. Considering the real fund results, this VC is 6 percentage points less often commits exit comparing to other organizations. The important activity for fund was in 2014. The top amount of exits for fund were in 2019.
The typical case for the fund is to invest in rounds with 1-2 participants. Despite the CIT GAP Funds, startups are often financed by Dingman Center for Entrepreneurship, Center for Innovative Technology, Acceleprise. The meaningful sponsors for the fund in investment in the same round are New Dominion Angels, J. Hunt Holdings, Blu Venture Investors. In the next rounds fund is usually obtained by New Dominion Angels, New Enterprise Associates, Osage Venture Partners.
We also calculated 12 valuable employees in our database.
Among the various public portfolio startups of the fund, we may underline Distil Networks, ThreatQuotient, VanGogh Imaging The fund has no specific favorite in a number of founders of portfolio startups. In case when startup counts 5+ of the founder, the chance for it to get the investment is meager. Among the most popular fund investment industries, there are SaaS, Internet. Besides, a startup requires to be at the age of 2-3 years to receive the investment from the fund. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States.
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Notable deals
Company | Industry | Round Size | Date | Investors | Location |
Syntrillo | 08 Oct 2024 | Charlottesville, Virginia, United States | |||
Thumbprint Furniture | 03 Oct 2024 | Virginia, Nebraska, United States | |||
Bricklayer.ai | $2M | 02 May 2024 | - | ||
Wellthi | $3M | 15 Dec 2023 | Washington, District of Columbia, United States | ||
CarpeDM | 28 Aug 2023 | Washington, District of Columbia, United States | |||
WRANGLD | 21 Aug 2023 | Richmond, Virginia, United States | |||
OpsCanvas | 10 Jul 2023 | Alexandria, Virginia, United States | |||
Liquet Medical | 06 Jul 2023 | Glen Allen, Virginia, United States | |||
PS Fertility | 26 Jun 2023 | Charlottesville, Virginia, United States |
– Ostendio is an Arlington, VA-based provider of always-on integrated risk management technology that makes it easy to build, operate, and showcase a security program.
– The company closed a Series A funding of undisclosed amount.
– The round was led by Osage Venture Partners and included follow-on investments from Blu Venture Investors, CIT GAP Funds, and other existing investors.
– The new investment will be aimed at the expansion of its network of audit partners (Auditor Connect) and its vendor risk management solution (Vendor Connect).
– AtWork Systems, a computer software company based in Herndon, Virginia, secured a new financing.
– The Center for Innovative Technology (CIT) today announced that CIT GAP Funds has invested in AtWork Systems.
– The company will use this investment to support growth and continued technology enhancements.
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Latest deals
Company | Industry | Round Size | Date | Investors | Location |
Syntrillo | 08 Oct 2024 | Charlottesville, Virginia, United States | |||
Thumbprint Furniture | 03 Oct 2024 | Virginia, Nebraska, United States | |||
Bricklayer.ai | $2M | 02 May 2024 | - | ||
Wellthi | $3M | 15 Dec 2023 | Washington, District of Columbia, United States | ||
CarpeDM | 28 Aug 2023 | Washington, District of Columbia, United States | |||
WRANGLD | 21 Aug 2023 | Richmond, Virginia, United States | |||
OpsCanvas | 10 Jul 2023 | Alexandria, Virginia, United States | |||
Liquet Medical | 06 Jul 2023 | Glen Allen, Virginia, United States | |||
PS Fertility | 26 Jun 2023 | Charlottesville, Virginia, United States |