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CIT Group

Founders Henry Ittleson

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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 67
Average round size
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The average size of a deal this fund participated in
$82M
Portfolio companies 65
Rounds per year 0.58
Lead investments 27
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.03
Exits 25
Key employees 6
Stages of investment
Late Stage Venture

Areas of investment

  • Telecommunications
  • Information Technology
  • Health Care
  • Internet
  • Software
Summary

CIT Group is the famous Corporate Investor, which was founded in 1908. The fund was located in North America if to be more exact in United States. The leading representative office of defined Corporate Investor is situated in the Livingston.

The usual cause for the fund is to invest in rounds with 2-3 partakers. Despite the CIT Group, startups are often financed by New Enterprise Associates, ComVentures, Weiss, Peck & Greer Venture Partners. The meaningful sponsors for the fund in investment in the same round are Constellation Technology Ventures, Winfield Capital Corp, Wheatley Partners. In the next rounds fund is usually obtained by Constellation Technology Ventures, Woodside Fund, ONSET Ventures.

The fund was created by Henry Ittleson. We also calculated 4 valuable employees in our database.

For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. Among the most popular portfolio startups of the fund, we may highlight Zayo, Telx, Compass Datacenters. Among the most popular fund investment industries, there are Renewable Energy, Health Care. The fund has exact preference in a number of founders of portfolio startups. Besides, a startup requires to be at the age of 6-10 years to receive the investment from the fund.

The higher amount of exits for fund were in 2014. Speaking about the real fund results, this Corporate Investor is 23 percentage points more often commits exit comparing to other organizations. Opposing the other organizations, this CIT Group works on 6 percentage points more the average amount of lead investments. The fund is generally included in 2-6 deals every year. The common things for fund are deals in the range of 50 - 100 millions dollars. The top activity for fund was in 2000. Despite it in 2019 the fund had an activity.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of CIT Group:
Typical Co-investors
CIT Group 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 Group:

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

Ardais Corporation

Biotechnology
Clinical Trials
Genetics
Health Care
$33M20 Mar 2001 Massachusetts, United States

Pixel Magic Imaging

Digital Entertainment
Photo Editing
Photography
$10M05 Mar 2001 Texas, United States

Sylantro

SaaS
Software
Telecommunications
VoIP
$55M01 Oct 2000 California, United States

NeoPlanet

Internet
Search Engine
Web Development
$23M11 Jul 2000 Tempe, Arizona, United States

Bigfoot Interactive

Advertising
Computer
Consulting
Consumer Electronics
CRM
Electronics
Email Marketing
Information Services (B2C)
Information Technology
Marketing
Media and Information Services (B2B)
Social/Platform Software
Software
$20M07 Mar 2000 New York, New York, United States

Gofish.com

B2B
Business Development
Industrial
$20M15 Feb 2000 San Francisco, California, United States

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Total investments 67
Average round size 82M
Rounds per year 0.58
Peak activity year 2000
Lead investments 27
Follow on index 0.03
Exits 25
Group Appearance index 0.36

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Ardais Corporation

Biotechnology
Clinical Trials
Genetics
Health Care
$33M20 Mar 2001 Massachusetts, United States

Pixel Magic Imaging

Digital Entertainment
Photo Editing
Photography
$10M05 Mar 2001 Texas, United States

Sylantro

SaaS
Software
Telecommunications
VoIP
$55M01 Oct 2000 California, United States

NeoPlanet

Internet
Search Engine
Web Development
$23M11 Jul 2000 Tempe, Arizona, United States

Bigfoot Interactive

Advertising
Computer
Consulting
Consumer Electronics
CRM
Electronics
Email Marketing
Information Services (B2C)
Information Technology
Marketing
Media and Information Services (B2B)
Social/Platform Software
Software
$20M07 Mar 2000 New York, New York, United States

Gofish.com

B2B
Business Development
Industrial
$20M15 Feb 2000 San Francisco, California, United States
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