ED  Center for Innovative Technology

http://www.cit.org/





     Office Locations:

2214 Rock Hill Road, Suite 600
Herndon, VA 20170
Phone: 703-689-3000
Fax: 703-689-3041

 

Stages:

  • Early
  • Seed


 

Industries:

  • Information Technology
  • Life Sciences & Healthcare
  • Software & Internet

  •  

    Description:

    The Center for Innovative Technology (CIT) creates technology-based economic development strategies to accelerate innovation, imagination and the next generation of technology and technology companies. Created in 1985, CIT, a non-profit corporation, plugs gaps at the earliest stages of the Innovation Continuum. Sponsored by the Center, CIT GAP Funds makes seed-stage equity investments in Virginia-based technology and life science companies. CIT's family of funds includes: GAP I, a vintage 2004 fund fully invested in a broad array of seed-stage technology companies. Based on the success of GAP I, CIT launched two specialized follow-on funds in 2007: GAP BioLife, a seed fund investing exclusively in life science companies; and GAP Tech, a seed fund investing in IT and technology companies. CIT invests in high potential technology companies at the earliest stages of company formation, catalyzing angel participation and fostering Series-A venture capital financing. CIT GAP Funds initially invests up to $100,000 alone, or in syndications of $500,000 or less. In 2011, CIT launched the Commonwealth Energy Fund (CEF). CEF is a new source of investment capital for energy-centric entrepreneurs based in Virginia. The aim of this fund is to back high-growth, 'commercially-available' energy ventures who demonstrate a high-level of commercial-readiness.



    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
       
       
       
    COMPANY STAGEREVENUE
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Revenue
    Growth Stage
    (also called Mid-stage)
    $2M-$7M
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B
       
       
     

    Investment Team:


    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Alex Euler Investment Director
    David Ihrie Chief Technology Officer
    Ed Albrigo President and Chief Executive Officer
    Jennifer O'Daniel Investment Director
    Marco Rubin Senior Investment Director

     

    Portfolio companies include:


      4FrontSecurity
        web link


      4Wave
        web link


      ADR Software
        web link


      Airak
        web link


      Airside Mobile
        web link


      Altruista Heath
        web link


      AppTap
        web link


      Blue Triangle Technologies
        web link


      BrightContext
        web link


      C3RS
        web link


      Canvas
        web link


      CargoSense
        web link


      CavitroniX
        web link


      ClearEdge 3D
        web link


      DataRPM
        web link


      DivvyCloud
        web link


      e-Kare
        web link


      Efficient Photon
        web link


      Encore
        web link


      Engineered Products of Virginia
        web link


      EVS Glaucoma Therapeutics


      Extinction Pharmaceuticals
        web link


      Fitnet
        web link


      GCPay
        web link


      Global Cell Solutions
        web link


      Harbinger Tech Solutions (ARCsys)
        web link


      Innovative Biologics
        web link


      IntroHive
        web link


      Invincea
        web link


      iTi Health
        web link


      KZO Innovations
        web link


      Latista
        web link


      Lewis and Clark Pharmaceuticals


      LiteSheet Solutions
        web link


      LiveSafe
        web link


      Lujure
        web link


      Marz Industries
        web link


      MiserWare
        web link


      Natural Insight
        web link


      NBE Technologies
        web link


      nexVortex
        web link


      OhMyGov
        web link


      OnDialog
        web link


      Ostendio
        web link


      OTraces
        web link


      Parabon NanoLabs
        web link


      PerformYard
        web link


      PhosImmune
        web link


      PockitShip
        web link


      Power Fingerprinting
        web link


      Power Supply
        web link


      Private Practice
        web link


      Qrvey
        web link


      Riogin


      SL8Z
        web link


      Speek
        web link


      Sunnovations
        web link


      SwipePay
        web link


      ThreatQuotient
        web link


      TroopSwap
        web link


      TypeZero Technologies
        web link


      Urgent.ly
        web link


      Veenome
        web link


      VividCortex
        web link


      WealthForge Holdings
        web link


      YaSabe
        web link


      Zoomdata
        web link


     

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