CIT Group

Type

Bank

Status

Active

Location

Pasadena, United States

Total investments

67

Average round size

82M

Portfolio companies

65

Rounds per year

0.58

Lead investments

27

Follow on index

0.03

Exits

25

Stages of investment
Late Stage Venture
Areas of investment
InternetSoftwareRetailInformation TechnologyHealth CareHospitalManufacturingTelecommunicationsWeb HostingVoIP

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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Investor highlights

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Investments analytics

Analytics

Total investments
67
Lead investments
27
Exits
25
Rounds per year
0.58
Follow on index
0.03
Investments by industry
  • Telecommunications (10)
  • Information Technology (8)
  • Health Care (8)
  • Internet (7)
  • Software (7)
  • Show 115 more
Investments by region
  • United States (60)
  • United Kingdom (2)
  • Ireland (1)
  • Greece (1)
  • Norway (1)
  • Show 2 more
Peak activity year
2000
Number of Unicorns
3
Number of Decacorns
3
Number of Minotaurs
4

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Quantitative data

Avg. startup age at the time of investment
24
Avg. valuation at time of investment
97M
Group Appearance index
0.36
Avg. company exit year
12
Avg. multiplicator
2.15
Strategy success index
0.70

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Latest deals

Company name Deal date Industry Deal stage Deal size Location
Sylantro 01 Oct 2000 Software, SaaS, Telecommunications, VoIP Late Stage Venture 55M United States, California

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How we get our data

At Unicorn Nest, we combine cutting-edge technology with human expertise to build one of the most reliable venture capital databases in the market. Our process begins with automated AI-enhanced data collection, leveraging the full potential of Large Language Models (LLMs).

Later, our team of analysts takes it further with manual verification, using proprietary tools for data cleaning and validation to ensure accuracy and reliability. We cross-check and enhance our findings through press and media monitoring, integrating information from trusted news outlets and venture capital aggregators. Finally, we stay ahead of the curve by monitoring social networks like LinkedIn and X.com.