CIT GAP Funds makes seed-stage equity investments in Virginia-based technology and life science companies with a high potential for achieving rapid growth and generating significant economic return.
GAP Funds Portfolio
CIT’s GAP Venture Fund began deploying capital in mid-2005. The Fund invests in high-potential early stage technology companies accelerating their path to significant growth through active partnership and company development.
Follow the CIT GAP Funds portfolio on twitter @DCVCandaDog/portfolio
| 4FrontSecurity, Inc. Reston, Virginia CEO: Chris Parker Company Status: Acquired by Symantec – 12/23/07 Investment Status: Historical Fund: GAP Fund I Software-as-Service platform for distributed risk and compliance management and reporting. |
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| 4Wave, Inc. Sterling, Virginia CEO: Sami Antrazi Company Status: Private Investment Status: Historical Fund: GAP Fund I Gradient ion beam deposition process for optical and semiconductor device production. |
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  Charlottesville, Virginia
CEO: Steve Yates Company Status: Private
Investment Status: Current Fund: Commonwealth Energy Fund
Provider of semi-custom modified COTS embedded single board computers optimized to application.
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Airak |
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 Arlington, Virginia CEO: Hans Miller Company Status: Private Investment Status: Current Fund: GAP Tech Fund Provider of a mobile platform dedicated to helping travelers get through their airport experience faster. |
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Altruista Heath |
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Reston, Virginia CEO: Matt Callaway Company Status: Private Investment Status: Current Fund: GAP Fund I AppTap is an app recommendations platform and advertising network, helping web publishers, carriers, consumers and app developers cut through the clutter of the app stores. Over 20 leading web publishers, and top carriers such as Sprint, use AppTap to boost user engagement and monetization. |
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C3RS
Louisa, Virginia CEO: Chad Koslow Company Status: Private
Investment Status: Current Fund: Commonwealth Energy Fund Tire recycling company with the capability to produce tire derviced fuel and crumb using an ambient grinding process that seperates care and truck tires into rubber, steel and fiber.
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 Herndon, Virginia CEO: James Quigley Company Status: Private
Investment Status: Current Fund: GAP Tech Fund Provider of mobile business apps. |
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Front Royal, Virginia
CEO: Tom David Company Status: Private
Investment Status: Current Fund: Commonwealth Energy Fund Designs, develops, manufactures and sells the Emulsion to Combustion water-in-fuel emulsification systems, which save energy and reduce emissions in oil-fired boilers and engines.
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ClearEdge 3D
Warrenton, Virginia CEO: Chris Scotton Company Status: Private
Investment Status: Current Fund: GAP Tech Fund Automation of building feature extraction from point cloud data, that cuts modeling time and costs by over 50%. |
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McLean, Virginia
CEO: Jeff Myers Company Status: Private
Investment Status: Current Fund: GAP Tech Fund Energy efficient industrial lighting products for retrofit and new construction. |
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Engineered Products of Virginia, LLC
Saltville, Virginia CEO: Curtis Frye Company Status: Private Investment Status: Current Fund: GAP Fund I, Green Tech Initiative. Developer and manufacturer of innovative electronic and electrical products for the electrical transformer, motor and electrical apparatus manufacturing industries. |
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Extinction Pharmaceuticals
Williamsburg, Virginia CEO: Jason McDevitt Company Status: Private Investment Status: Current Fund: GAP BioLife Fund Drug discovery company with a proprietary and revoluntionary therapeuitc approach for treating anxiety disorders and other afflictions that can benefit from traditional talk therapy treatments. |
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GCPay
South Hill, Virginia CEO: Sherwood H. Creedle Company Status: Private Investment Status: Current Fund: GAP Tech Fund Online application that simplifies and automates construction process payments. |
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Global Cell Solutions
Charlottesville, Virginia CEO: Uday Gupta Company Status: Private Investment Status: Current Fund: GAP Fund I Low-shear three dimensional cell culturing hardware and growth media. |
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Innovative Biologics
Sterling, Virginia CEO: Jeff Conroy Company Status: Private Investment Status: Current Fund: GAP Bio Fund Anti-infective small molecule drug discovery and development company searching for new anti-microbial drugs targeting bacterial toxins. |
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Sterling, Virginia
CEO: Jody Glidden Company Status: Private
Investment Status: Current Fund: GAP Tech Fund Social media tool designed to increase sales force productiviy, leveraging social connections of company's employees to drive warm introductions and leads for sales reps. |
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Fairfax, Virginia CEO: Anup Ghosh Company Status: Private
Investment Status: Current Fund: GAP Tech Fund Invincea is the first and only fully virtualized browser solution that seamlessly runs your browser in its own virtual environment separate from the desktop operating system to protect users against all types of Web-borne threats. |
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KZO Innovations
Herndon, Virginia CEO: Wes Cruver Company Status: Private Investment Status: Current Fund: GAP Tech Fund Provider of an interactive communications platform that delivers live and pre-recorded video, audio, and text over IP in a set of applications. |
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LT Technologies
Chantilly, Virginia CEO: Mark Tian Company Status: Private Investment Status: Historical Fund: GAP Fund I Microwave technology for broad-scale processing of semiconductors and electronic materials. |
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Richmond, Virginia
CEO: Eddie Miller Company Status: Private Investment Status: Current Fund: GAP Tech Fund
Hydrogen fuel cell-based technology to improve fuel efficiency and reduce emissions for the trucking and other diesel-reliant industries.
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Blacksburg, Virginia CEO: Kirk Cameron Company Status: Private Investment Status: Current Fund: GAP Tech Fund, Green Tech Initiative Software provides power measurement and management for corporate and government environments. |
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Sterling, Virginia CEO: Stefan Midford Company Status: Private Investment Status: Current Fund: GAP Fund I Software-as-Service platform for distributed workforce and task management. |
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Blacksburg, Virginia
CEO: Dr. Guo-Quan Lu Company Status: Private Investment Status: Current Fund: GAP Fund I Lead-free, high-performance and high-temperature device interconnection materials. |
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nexVortex
Herndon, Virginia CEO: Fred Fromm Company Status: Private Investment Status: Current Fund: GAP Tech Fund Business Grade IP Services, offering SIP Trunking and Audio Conferencing. |
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Alexandria, Virginia
CEO: Andrew Einhorn Company Status: Private
Investment Status: Current Fund: GAP Tech Fund Media intelligence for the Government |
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OnDialog
Herndon, Virginia CEO: Joe Rizzo Company Status: Private
Investment Status: Current Fund: GAP Fund I Software-as-Service platform for creating and executing cost-effective lead generation. |
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OTraces
Herndon, Virginia CEO: Keith Lingenfelter Company Status: Private Investment Status: Current Fund: GAP Bio Fund Highly accurate and sensitive blood screening tests for breast, prostate, lung and ovarian cancers. |
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Parabon NanoLabs
Reston, Virginia CEO: Steven Armentrout Company Status: Private Investment Status: Current Fund: GAP Bio Fund Nano-pharma company that uses a proprietary combination of innovative software and nanoscale fabrication technologies to speed up the drug discovery process. |
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Paxfire
Herndon, Virginia CEO: Mark Lewyn Company Status: Private Investment Status: Historical Fund: GAP Fund I Platform for redirection of address-bar "Hotword" search mistypes. |
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Piedmont Bioproducts
Gretna, Virginia CEO: Ken Moss Company Status: Private Investment Status: Current Fund: GAP Fund I, Green Tech Initiative. Renewable resource company that will generate products derived from energy crops grown by farmers in a closed loop system within a specified radius of its refinery. |
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Charlottesville, Virginia CEO: Crystal Icenhour Company Status: Private
Investment Status: Current Fund: GAP BioLife Phthisis Diagnostics’ mission is to develop and commercialize easy-to-use, cost effective molecular diagnostics. These simple diagnostics will focus on diseases of public health importance and will facilitate clinical adoption of modern, accurate diagnostics. Ultimately this mission will lead to improved human health.
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Reston, Virginia
CEO: Eric Koefoot Company Status: Private |
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Reston, Virginia
CEO: Mark Smith Company Status: Private
Investment Status: Current Fund: GAP Tech Fund Simplifies mobile prepaid replenishment and postpaid billing operations with a cash transaction network. |
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McLean, Virginia
CEO: Michael Zirngibl Company Status: Private
Investment Status: Current Fund: GAP Tech Fund CRM friendly Virtual PBX that helps smaller companies improve the quality of their customer interactions. |
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Crozet, Virginia
CEO: Giorgio Brusa Company Status: Private
Investment Status: Current Fund: GAP BioLife Fund Provider of portable, low-cost, radiation-free X-ray replacement technology based on medical ultrasounds. |
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ROI2
Vienna, Virginia CEO: Bonnie Rishell Company Status: Private Investment Status: Current Fund: GAP Tech Fund Influence relationship management platform. |
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RollStream
Fairfax, Virginia CEO: Kristin Muhlner Company Status: Acquired by GXS 3/29/11 Investment Status: Historical Fund: GAP Fund I Hosted platform for distributed enterprise-wide technology and process rollouts. |
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SeniorLiving.Net
Vienna, Virginia CEO: Todd Walrath Company Status: Acquired Investment Status: Historical Fund: GAP Tech Fund SeniorLiving.net provides online search tools and content to assist families researching their senior care options. |
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Great Falls, Virginia
CEO: Denis Yaro Company Status: Private
Investment Status: Current
Fund: Commonwealth Energy Fund Servhawk's solution delivers server energy analytics for indentifying actionable steps to reduce consumption and also provides tools to examine and quanitfy alternatives to achieve those reductions.
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McLean, Virginia
CEO: Kevin Yin Company Status: Private Investment Status: Current Fund: GAP Tech Fund Sitscape provides situational dashboard software that empowers business users to easily assemble monitoring consoles from disparate applications or publish documents visually in minutes all with zero programming and no change to existing infrastructure. |
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Soft Tissue Regeneration
Earlysville, Virginia CEO: Joseph Reilly Company Status: Private Investment Status: Current Fund: GAP Bio Fund Soft tissue regeneration of the anterior cruciate ligament (“ACL”) of the knee. |
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McLean, Virginia
CEO: Michael Pratt Company Status: Private
Investment Status: Current Fund: GAP Tech Fund Mobile security platform prevents corporate data breaches due to intentional or inadvertent misuse of mobile apps, thus enabling the use of employee-owned devices in the workplace (BYOD) and providing IT departments the tools necessary to safeguard corporate data.
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SquareLoop
Reston, Virginia CEO: Tom Stroup Company Status: Private Investment Status: Current Fund: GAP Fund I Location-Based Services (LBS) platform for time-specific public alerting and content delivery. |
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SwipePay
Reston, Virginia CEO: Chris Wuhrur Company Status: Private Investment Status: Current Fund: GAP Tech Fund Platform for unbanked mobile subscribers to add airtime to a prepaid device or send payments to a friend via a mobile phone. |
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Tau Therapeutics
Charlottesville, Virginia CEO: Andrew Krouse Company Status: Private Investment Status: Current Fund: GAP Fund I Calcium T-channel blocking agents for anti-angiogenesis treatment of tumor-based diseases. |
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McLean, Virginia
CEO: Steve Woda Company Status: Private
Investment Status: Current Fund: GAP Tech Fund Provider of software and online dashboards to keep their social and mobile kids from the scariest dangers including child predators, sexting, and cyber-bullying. |
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VidRunner
Blacksburg, Virginia
CEO: Richard Morrow Company Status: Private Investment Status: Current Fund: GAP Tech Fund Software application and service that allows mobile phone users to stream live video to multiple simultaneous viewers on mobile devices or PCs. |
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Verical
Alexandria, Virginia CEO: Josef Ruef Company Status: Acquired by Arrow Electronics - 4/6/10 Investment Status: Historical Fund: GAP Fund I Hosted trade management platform for secondary electronic components. |
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VoicePass
Woodbridge, Virginia CEO: Michael Farrah Company Status: Private Investment Status: Current Fund: GAP Tech Fund Provider of voice authentication for mobile. |
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WorkProducts
Reston, Virginia CEO: Steve Lilley Company Status: Private Investment Status: Current Fund: GAP Tech Fund Real time and forensic monitoring and archiving of enterprise electronic records and communications. |
GAP Funds portfolio companies are early stage companies with corresponding investment risk profiles; CIT assumes no liability for any investment by any person in any GAP Funds Portfolio company.