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.
| 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. |
|
| 4Wave, Inc. Sterling, Virginia CEO: Sammy Antrazi Company Status: Private Investment Status: Historical Fund: GAP Fund I Gradient ion beam deposition process for optical and semiconductor device production. |
|
|
Altruista Heath |
|
| ArtiNNet Woodbridge, Virginia CEO: Michael Farrah Company Status: Private Investment Status: Current Fund: GAP Tech Fund Provider of voice authentication for mobile. |
|
| 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. |
|
 |
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. |
|
Global Cell Solutions, LLC |
|
| 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. |
|
| KZO Innovations Herndon, Virginia CEO: Wes Kruver 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. |
|
| Latista Technologies Reston, Virginia CEO: Andrei Lavrov Company Status: Private Investment Status: Current Fund: GAP Tech Fund Field operations and total quality management software and services. |
|
| LT Technologies, LLC. 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. |
|
| Mpowerplayer, Inc. Reston, Virginia CEO: Michael Powers Company Status: Private Investment Status: Current Fund: GAP Fund I Mpowerplayer’s platform drives purchases of mobile games by enabling consumers to browse, experience, sample and purchase mobile games and applications via their PC prior to making a purchase decision. |
|
| Miserware 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. |
|
| NBE Technologies, LLC 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. |
|
| nexGenVS 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. |
|
| 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. |
|
|
OnDialog |
|
| 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. |
|
|
Parabon NanoLabs |
|
| Paxfire, Inc. Herndon, Virginia CEO: Mark Lewyn Company Status: Private Investment Status: Historical Fund: GAP Fund I Platform for redirection of address-bar "Hotword" search mistypes. |
|
| Piedmont Bioproducts, LLC 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. |
|
|
|
ROI2 |
| RollStream Fairfax, Virginia CEO: Kristin Muhlner Company Status: Private Investment Status: Current Fund: GAP Fund I Hosted platform for distributed enterprise-wide technology and process rollouts. |
|
| Secure Command, Inc. Fairfax, Virginia CEO: Anup Ghosh Company Status: Private Investment Status: Current Fund: GAP Tech Fund Secure Command is commercializing technology built under DARPA funding that creates disposable operating systems on demand in virtual machines to run Internet applications. |
|
|
SeniorLiving.Net |
|
|
Sitscape McLean, Virginia |
|
| Soft Tissue Regeneration LLC 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. |
|
| South49 Solutions 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. |
|
| SquareLoop, Inc. 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. |
|
| 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. |
|
| Verical Incorporated 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. |
|
| WorkProducts, Inc. 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.
GAP Fund Highlights
- Verical was acquired by Arrow Electronis on 4/6/10
- Soft Tissue Regeneration closed a Series A round on 6/30/09
- Secure Command closed a Series A on 3/12/09
- South49 closed Series A round on 2/4/09
- KZO Innovations closed a Series A round on 11/14/08
- RollStream closed a Series B round on 10/27/08
- Mpowerplayer closed a Series A round on 9/9/08
- Global Cell Solutions closed a Series A round on 4/22/08
- SquareLoop closed a Series A round on 12/17/07
- Tau Therapeutics closed a Series A round on 10/19/07
- Verical closed a Series A round on 9/27/07
- OnDialog closed a Series A round on 4/13/07
- 4FrontSecurity was acquired by Symantec on 2/23/07
- Visure closed a Series A round on 2/22/07
- RollStream closed a Series A round on 7/17/06
- Paxfire closed a Series A round on 4/22/05