Team
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.

Investment Team - Christopher Scotton

 Bill Watson

Christopher Scotton
Entrepreneur-in-Residence
chris.scotton@cit.org

Scotton has twenty-two years of experience building businesses and raising capital in the telecommunications, media, search engine and online advertising industries. In 1994 he started The Phillips Group, a London-based telecommunications research, advisory and tradeshow company.   Beginning with a $2.5 million capital investment, Scotton and his team built The Phillips Group into a $47 million global technology online and off-line content firm which became one of the UK’s fastest growing private companies.  In November 2000, the company was purchased by New York media investment bank, Veronis Suhler & Associates.  In 2001, Scotton led a management “buy-in” of Virginia-based SynXis Corporation’s search engine assets, renaming it Innovectra Corporation. Scotton and his team of six engineers bootstrapped the company and within six months won a multi-million dollar contract with Verizon Yellow Pages.  By 2006 the company had grown to $6 million in revenue with 5 of the top 7 Yellow Pages publishers using the company’s search engine platform. 

Prior to starting The Phillips Group and Innovectra, Mr. Scotton was Vice President and Group Publisher at PPI, a $300 million consumer and business-to-business content company located in suburban Washington D.C.

Scotton graduated from Western Maryland College with a Bachelor of Arts degree in Communications and English.

  

GAP Fund Highlights

  • AppTap closed a Series B on 1/12/12
  • SeniorLiving.Net acquired by RealPage(R) on 7/29/11
  • Canvas Solutions closed a round on 7/12/11
  • ROI2 closed a round on 6/10/11
  • Invincea closed a round on 4/29/11
  • RollStream acquired by GXS on 3/29/11
  • Verical was acquired by Arrow Electronis on 4/6/10
  • Soft Tissue Regeneration closed a Series A round on 6/30/09
  • Invincea closed a Series A on 3/12/09
  • Natural Insight 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
  • AppTap 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
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