CIT GAP Funds

CIT GAP Funds is a Virginia-based venture capital firm that specializes in providing seed-stage equity investments to technology, life science, and clean technology companies located in Virginia. The firm focuses on companies with high growth potential, aiming to generate significant economic returns for entrepreneurs, co-investors, and the Commonwealth of Virginia. Since its inception in 2005, CIT GAP Funds has deployed over $32 million across more than 240 portfolio companies, including 17 in designated Opportunity Zones.

The firm's investment strategy encompasses a family of funds, including the GAP BioLife Fund for life science companies, the GAP Tech Fund for IT and technology companies, the Commonwealth Energy Fund for energy efficiency and renewable energy companies, and the Virginia Founders Fund, which focuses on companies with female, minority, or veteran founders, or those located in regions outside of Northern Virginia. CIT GAP Funds' investments are overseen by an independent Investment Advisory Board comprising leading regional entrepreneurs, angel and strategic investors, and venture capital firms.

CIT GAP Funds has been recognized as Virginia's most active investor by CB Insights for multiple consecutive years, reflecting its significant impact on the state's startup ecosystem. The firm's commitment to early-stage investments has contributed to the commercialization of university technologies, the formation of new companies, and job growth across Virginia. Through its strategic investments, CIT GAP Funds continues to support innovation and entrepreneurship within the state, fostering the development of next-generation technology companies.