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    Virginia Venture Partners (formerly CIT GAP Funds) logo

    Virginia Venture Partners (formerly CIT GAP Funds)

    Herndon, United StatesFounded 2005
    vipc.org/funding/virginia-venture-partnersLinkedIn
    Enterprise SoftwareBiotech & Life SciencesClimate & EnergyHealthcareCybersecurityDefense & Space

    Virginia Venture Partners (formerly CIT GAP Funds) is the venture capital program of the Virginia Innovation Partnership Corporation (VIPC), making seed and early-stage equity investments in Virginia-based technology, life science, and cleantech startups. It serves as Virginia's venture capital on-ramp, partnering with accelerators, seed funds, and angel groups to source and invest in high-growth companies.

    Their most common stage is seed (40% of deals). Average disclosed round size is $6.9M (across 13 rounds with reported amounts).

    Find people at Virginia Venture Partners (formerly CIT GAP Funds) on Goldilocks AI

    Portfolio

    14

    Fund Size

    —

    Top Stage

    Seed

    Last 12 Mo

    0

    Team

    TW

    Tom Weithman

    Chief Investment Officer, CIT, and Managing Director, CIT GAP Funds

    TW

    Tom Weithman

    Managing Director

    AE

    Alex Euler

    Senior Investment Director

    FV

    Frank V. Taylor

    Investment Director

    JO

    Jennifer O'Daniel

    Senior Director

    AO

    Anthony Obi

    Senior Associate

    DD

    Dustin Dunbar

    Senior Investment Associate

    TM

    Tai Mai

    Healthcare Venture Capital

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    15 investments
    CompanyRoundAmountDate
    Tiga AI logoTiga AISeed$2MJan 2025
    Poppy Flowers logoPoppy FlowersSeries A$2.7MJan 2025
    CarpeDM logoCarpeDMPre-Seed$1MSep 2022
    Panaceutics logoPanaceuticsSeries A—Apr 2020
    Micronic Technologies logoMicronic TechnologiesSeed$3MJan 2019
    FFenris DigitalUnknown$2.7MJan 2019
    IInvinceaGrowth$55MJan 2016
    DDataRPMSeed$5.1MMar 2014
    YYaSabeSeed$2.7MJan 2013
    DDataRPMSeries A$5.1MJan 2013
    LiveSafe logoLiveSafeSeed—Jan 2013
    Poppy logoPoppySeries A$2.7M—
    Wellthi logoWellthiSeed$2.3M—
    Brightcontext logoBrightcontextUnknown$1.7M—
    Avant Genomics logoAvant GenomicsUnknown$3M—

    Top Co-Investors

    IDEA Fund Partners3 shared
    Techstars3 shared
    CAV Angels3 shared
    Front Porch Venture Partners2 shared
    Michigan Capital Network2 shared
    Bull City Venture Partners2 shared
    InterWest Partners2 shared
    Karlin Venture2 shared
    Y Combinator1 shared
    Zeal Capital Partners1 shared
    Long Way Ventures1 shared
    Grotech Ventures1 shared
    Harbert Growth Partners1 shared
    TitletownTech1 shared
    500 Global1 shared
    Militello Capital1 shared
    dsm-firmenich Ventures1 shared
    Middleland Capital's VTC Ventures1 shared
    Gaingels1 shared
    Insignia Ventures Partners1 shared

    Last updated: 20 October 2026