ED/VC  West Virginia Jobs Investment Trust Board

http://www.wvjit.org





     Office Locations:

1012 Kanawha Boulevard East, Fifth Floor
East Charleston, WV 25301
Phone: 304-345-6200
Fax: 304-345-6262

 

Stages:

  • Early
  • Expansion


 

Industries:

  • Communications & Networking
  • Information Technology
  • Life Sciences & Healthcare
  • Manufacturing & Industrial
  • Software & Internet

  •  

    Description:

    Founded in 1992, West Virginia Jobs Investment Trust (JIT) is a public venture capital fund created to develop, promote and expand West Virginia's economy by making investment funds available to eligible businesses, thus stimulating economic growth and providing or retaining jobs within the state. JIT invests in early stage, later stage and mature small companies that wish to expand. Opportunities to create a significant number of jobs while maintaining economic balance are favorably viewed. JIT does not make grants or low interest loans. The firm is typically a minority investor and is not involved in the day-to-day operations of the portfolio companies. The WVCAP Seed Capital Co-Investment Fund can provide funding of up to $500,000 to assist businesses in advancing intellectual capital, for market and competitive analysis, design, and development of advanced prototypes, to hire key personnel, and more.



    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.
    Andrew Zulauf Executive Director
    Ravi Pandey Investment Analyst
    Scott Gannon Investment Analyst
    Wilma Groves Senior Administrative Assistant

     

    Recent Funding Events (trailing 12 months):


      Date


      Name


      State


      Amount


      Stage


      07/20/2023


      InspectionGo


      PA


      $5,500,000


      Series A


     

    Portfolio companies include:


      InspectionGo
        web link


     

    Recent News: