CIT Group

Investor type Investment Bank
Founders Henry Ittleson

Overview

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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.
Total investments 55
Average round size
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The average size of a deal this fund participated in
$94M
Portfolio companies 53
Rounds per year 0.48
Lead investments 21
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.04
Exits 22
Key employees 6
Stages of investment
Late Stage Venture

Areas of investment

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

Origis Energy

Energy
Natural Resources
Renewable Energy
Solar
$375M03 May 2022 Miami, Florida, United States

Hello Bello

Baby
Consumer Goods
E-Commerce
Retail
$65M28 Apr 2022 Los Angeles, California, United States

D.P. Nicoli

Construction
Rental
Service Industry
$35M02 Feb 2022 Lake Oswego, Oregon, United States

Diamond Communications

Communications Infrastructure
Real Estate
Telecommunications
Wireless
$6M15 Dec 2021 Short Hills, New Jersey, United States

PRO Unlimited

Information Technology
Software
$1B02 Nov 2021 Boca Raton, Florida, United States

Cornerstone Healthcare Group

Health Care
Hospital
$100M28 Jul 2021 Dallas, Texas, United States

Jefferson Health System

Adult
Health Care
Hospital
Medical Device
$39M22 Mar 2021 Philadelphia, Pennsylvania, United States

KMS

Retail
Sales
Wholesale
$25M03 Dec 2020 Wichita, Kansas, United States

SkillSoft

Education and Training Services (B2B)
Educational and Training Services (B2C)
Educational Software
Internet
Software
$75M30 Sep 2020 Nashua, New Hampshire, United States

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