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CIT GAP Funds

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 238
Average round size
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The average size of a deal this fund participated in
$629K
Portfolio companies 185
Rounds per year 11.33
Lead investments 40
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.22
Exits 35
Key employees 12
Stages of investment
Early Stage Venture
Private Equity
Seed

Areas of investment

  • Software
  • SaaS
  • Health Care
  • Information Technology
  • Biotechnology
Summary

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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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of CIT GAP Funds:
Typical Co-investors
CIT GAP Funds is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after CIT GAP Funds:

Funds with similar focus

Funds from United States
Funds with similar focus located in United States:
Funds with the same geo focus
Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Syntrillo

Artificial Intelligence
Health Care
08 Oct 2024 Charlottesville, Virginia, United States

Thumbprint Furniture

Software
Web Development
03 Oct 2024 Virginia, Nebraska, United States

Bricklayer.ai

$2M02 May 2024 -

Wellthi

Banking
Consulting
Financial Services
FinTech
$3M15 Dec 2023 Washington, District of Columbia, United States

CarpeDM

Dating
Internet
Social Network
28 Aug 2023 Washington, District of Columbia, United States

WRANGLD

SaaS
Software
21 Aug 2023 Richmond, Virginia, United States

OpsCanvas

Cloud Computing
Software
10 Jul 2023 Alexandria, Virginia, United States

Liquet Medical

Health Care
Medical
Medical Device
06 Jul 2023 Glen Allen, Virginia, United States

PS Fertility

Biotechnology
Fertility
26 Jun 2023 Charlottesville, Virginia, United States
News
Ostendio Raises Series A Funding

– 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 Secures New Financing

– 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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Total investments 238
Average round size 629K
Rounds per year 11.33
Peak activity year 2012
Lead investments 40
Follow on index 0.22
Exits 35
Group Appearance index 0.39

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Syntrillo

Artificial Intelligence
Health Care
08 Oct 2024 Charlottesville, Virginia, United States

Thumbprint Furniture

Software
Web Development
03 Oct 2024 Virginia, Nebraska, United States

Bricklayer.ai

$2M02 May 2024 -

Wellthi

Banking
Consulting
Financial Services
FinTech
$3M15 Dec 2023 Washington, District of Columbia, United States

CarpeDM

Dating
Internet
Social Network
28 Aug 2023 Washington, District of Columbia, United States

WRANGLD

SaaS
Software
21 Aug 2023 Richmond, Virginia, United States

OpsCanvas

Cloud Computing
Software
10 Jul 2023 Alexandria, Virginia, United States

Liquet Medical

Health Care
Medical
Medical Device
06 Jul 2023 Glen Allen, Virginia, United States

PS Fertility

Biotechnology
Fertility
26 Jun 2023 Charlottesville, Virginia, United States
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