# CIT GAP Funds: portfolio, investments and team

> CIT GAP Funds is a vc firm based in United States. 142 investments on record, latest Apr 2019. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/cit-gap-funds (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# CIT GAP Funds

No cheque observed since Apr 2019, after 142 earlier cheques, and the website is dead.

Dormant VC firm

Seed Venture Series A Venture Capital & Private Equity

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 142 on record

Since the last cheque **2743** days **00** hrs **00** min **00** sec

Median round **$7.0M** Rounds led **0 of 142** Sole investor **85 rounds** Exits **7 from the portfolio** Mostly in **United States, 100%**

Pitch CIT GAP Funds

## CIT GAP Funds highlights

- 01 142 rounds on record
- 02 Mostly Seed and Venture: 75% of its rounds
- 03 Sole investor in 85 rounds, median $100K
- 04 7 exits from the portfolio

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Venture Capital & Private Equity
- **Based in:** Herndon, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **142 appearances**

- **2019** 1 round
- **Apr** **[ChurnZero](https://millionrounds.com/company/churnzero)** Series A · US · FinSMEs **$7.0M** With 4 others
- **2015** 9 rounds
- **Dec** **[LiveSafe](https://millionrounds.com/company/livesafe)** Series B · US **$4.0M** With 2 others
- **Dec** **[ThreatQ](https://millionrounds.com/company/threatq)** Series A · US **$10M** With 2 others
- **Jul** **[iTi Health](https://millionrounds.com/company/iti-health)** Seed · US **$450K** With 1 other
- **Jun** **[PockitShip, Inc.](https://millionrounds.com/company/pockitship-inc)** Seed · US **Undisclosed** Sole investor
- **Jun** **[TypeZero Technologies](https://millionrounds.com/company/typezero-technologies)** Debt · US **$415K** Sole investor
- **Jun** **[Ovastasis](https://millionrounds.com/company/ovastasis)** Seed **Undisclosed** Sole investor
- **May** **[Riff Digital Inc.](https://millionrounds.com/company/riff-digital-inc)** Seed · US **Undisclosed** Sole investor
- **May** **[e-Kare](https://millionrounds.com/company/e-kare)** Venture · US **Undisclosed** Sole investor
- **Apr** **[ThreatQ](https://millionrounds.com/company/threatq)** Seed · US **$2.0M** With 2 others
- **2014** 25 rounds
- **Nov** **[Ostendio](https://millionrounds.com/company/ostendio)** Seed · US **Undisclosed** Sole investor
- **Nov** **[TearSolutions](https://millionrounds.com/company/tearsolutions)** Series A · US **$500K** With 3 others
- **Nov** **[BiJoTi, Inc.](https://millionrounds.com/company/bijoti-inc)** Seed · US **Undisclosed** With 2 others
- **Oct** **[Urgent.ly](https://millionrounds.com/company/urgent-ly)** Series A · US **$1.2M** With 2 others
- **Sept** **[Biotherapeutics](https://millionrounds.com/company/biotherapeutics)** Venture · US **Undisclosed** Sole investor
- **Aug** **[Bloompop](https://millionrounds.com/company/bloompop)** Debt · US **$120K** Sole investor
- **Aug** **[Blue Triangle Technologies](https://millionrounds.com/company/blue-triangle-technologies)** Venture · US **$395K** With 1 other
- **Aug** **[nvite](https://millionrounds.com/company/nvite)** Seed · US **$1.0M** With 9 others
- **Aug** **[PhosImmune](https://millionrounds.com/company/phosimmune)** Venture · US **Undisclosed** Sole investor
- **Aug** **[CargoSense](https://millionrounds.com/company/cargosense)** US **Undisclosed** With 2 others
- **Aug** **[Senseware](https://millionrounds.com/company/senseware)** US **$85K** With 2 others
- **Jun** **[Triblio](https://millionrounds.com/company/triblio)** Seed · US **$3.4M** With 2 others
- **Jun** **[Senseware](https://millionrounds.com/company/senseware)** Seed · US **$1.0M** With 4 others
- **Apr** **[Urgent.ly](https://millionrounds.com/company/urgent-ly)** Seed · US **$510K** With 1 other
- **Apr** **[Zoobean](https://millionrounds.com/company/zoobean)** Venture · US **$400K** With 2 others
- **Apr** **[Fitnet](https://millionrounds.com/company/fitnet)** Series A · US **$1.4M** With 3 others
- **Apr** **[Private Practice](https://millionrounds.com/company/private-practice)** US **Undisclosed** Sole investor
- **Apr** **[Neoantigenics](https://millionrounds.com/company/neoantigenics)** US **Undisclosed** Sole investor
- **Apr** **[RioGin](https://millionrounds.com/company/riogin)** US **Undisclosed** Sole investor
- **Mar** **[Maternity Neighborhood](https://millionrounds.com/company/maternity-neighborhood)** US **Undisclosed** Sole investor
- **Mar** **[Encore Alert](https://millionrounds.com/company/encore-alert)** Seed **$390K** With 7 others
- **Mar** **[DataRPM](https://millionrounds.com/company/datarpm)** Series A · US **$5.1M** With 1 other
- **Feb** **[Loop88](https://millionrounds.com/company/loop88)** Seed · US **$500K** With 1 other
- **Jan** **[PerformYard](https://millionrounds.com/company/performyard)** US **Undisclosed** Sole investor
- **Jan** **[PierceMatrix](https://millionrounds.com/company/piercematrix)** US **Undisclosed** With 1 other
- **2013** 21 rounds
- **Dec** **[DivvyCloud](https://millionrounds.com/company/divvycloud)** US **Undisclosed** With 1 other
- **Dec** **[ADR Software](https://millionrounds.com/company/adr-software)** US · finsmes.com **Undisclosed** Sole investor
- **Nov** **[LiveSafe](https://millionrounds.com/company/livesafe)** US · finsmes.com **Undisclosed** Sole investor
- **Nov** **[Power Supply Collective, Inc.](https://millionrounds.com/company/power-supply-collective-inc)** Debt · US **$515K** Sole investor
- **Nov** **[DataRPM](https://millionrounds.com/company/datarpm)** Seed · US · finsmes.com **$800K** With 1 other

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **14** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## Exits from the portfolio

Companies it backed that were later bought or listed **7 in all**

**[ADI Engineering](https://millionrounds.com/company/adi-engineering)** Bought by Silicom **Undisclosed** Oct 2015

**[Speek](https://millionrounds.com/company/speek)** Bought by Jive Communications **Undisclosed** Jun 2015

**[Veenome](https://millionrounds.com/company/veenome)** Bought by Integral Ad Science **Undisclosed** Mar 2015

**[LATISTA](https://millionrounds.com/company/latista)** Bought by Textura **$35M** Nov 2013

**[SeniorLiving.Net](https://millionrounds.com/company/seniorliving-net)** Bought by [RealPage](https://millionrounds.com/fund/realpage) **$4.5M** Jul 2011

**[Rollstream](https://millionrounds.com/company/rollstream)** Bought by GXS **Undisclosed** Mar 2011

**[Verical](https://millionrounds.com/company/verical)** Bought by [Arrow Electronics](https://millionrounds.com/fund/arrow-electronics) **Undisclosed** Jan 2010

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Seed Venture Series A

Median round joined **$7.0M** the round, not its cheque Alone, median **$100K**

Led 0 of 142 rounds **0%**

- **Sole investor:** 85 rounds
- **Last cheque:** Apr 2019
- **Exits:** 7 from the portfolio

Rounds by stage said on their site

- Seed *43*
- Venture *20*
- Series A *12*
- Debt *6*
- Series B *3*

Cheques by year Led Joined

2003 2019

Often in the room with

- [Dingman Center Angels](https://millionrounds.com/fund/dingman-center-angels) 11
- [J. Hunt Holdings](https://millionrounds.com/fund/j-hunt-holdings) 6
- [New Dominion Angels](https://millionrounds.com/fund/new-dominion-angels) 6
- [Blu Ventures](https://millionrounds.com/fund/blu-ventures) 5
- [500 Global](https://millionrounds.com/fund/500-startups) 4
- [Middleland Capital](https://millionrounds.com/fund/middleland-capital-2) 4

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## Who they invest alongside

The investors most often in the same rounds as CIT GAP Funds. A count of rooms they were both in, not a relationship either has claimed.

[**Dingman Center Angels** VC firm **11** rounds together](https://millionrounds.com/fund/dingman-center-angels)[**J. Hunt Holdings** Family office **6** rounds together](https://millionrounds.com/fund/j-hunt-holdings)[**New Dominion Angels** Angel network **6** rounds together](https://millionrounds.com/fund/new-dominion-angels)[**Blu Ventures** VC firm **5** rounds together](https://millionrounds.com/fund/blu-ventures)[**500 Global** Angel **4** rounds together](https://millionrounds.com/fund/500-startups)[**Middleland Capital** VC firm **4** rounds together](https://millionrounds.com/fund/middleland-capital-2)[**NextGen Angels** VC firm **4** rounds together](https://millionrounds.com/fund/nextgen-angels)[**Camber Creek** VC firm **3** rounds together](https://millionrounds.com/fund/camber-creek)[**Fortify Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/fortify-ventures)[**Middleland Capital** VC firm **3** rounds together](https://millionrounds.com/fund/middleland-capital)[**New Atlantic Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/new-atlantic-ventures)[**New Enterprise Associates** VC firm **3** rounds together](https://millionrounds.com/fund/new-enterprise-associates)

## Recently backed

The latest companies CIT GAP Funds put money into.

[**ChurnZero** $7.0M · Apr 2019](https://millionrounds.com/company/churnzero)

## Quick answers about CIT GAP Funds

### What does CIT GAP Funds invest in?

CIT GAP Funds invests most often at Seed and Venture (75% of the rounds on record), in sectors such as Venture Capital & Private Equity.

### How active is CIT GAP Funds?

142 investments on record, 0 of them in the last 12 months. The most recent was in Apr 2019.

### What has CIT GAP Funds invested in recently?

Its most recent investments on record: ChurnZero (Series A, Apr 2019).

### How big are CIT GAP Funds's cheques?

The median round it joins is $7.0M.

### Does CIT GAP Funds lead rounds?

Rarely, if at all: none of its 142 investments on record names it as the lead.

### Where does CIT GAP Funds invest?

Most of the companies it backs are in the United States (100%).

### Is CIT GAP Funds investing now?

It looks quiet: no investment on record since Apr 2019.

### Who does CIT GAP Funds invest alongside?

Most often Dingman Center Angels (11 rounds together), J. Hunt Holdings (6 rounds together) and New Dominion Angels (6 rounds together).

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