Named Virginia’s most active investor by CB Insights for the past six years, CIT GAP Funds’ investments have helped create more than 6,500 new jobs in the Commonwealth in the last 15 years, it reported this month.

The Center for Innovative Technology (CIT) shared some stats about its Herndon, Virginia-based early-stage investment fund in the 2020 CIT GAP Funds Impact Report. Since its inception in 2005, CIT GAP Funds has invested $32.4 million in capital into its more than 240 portfolio startups.

Some of the startups that have landed investments from the fund over the years include D.C.-based software company ChurnZero, Vienna,Virginia-based road assistance platform company Urgent.ly and Arlington, Virginia-based cybersecurity management platform curator Ostendio. CIT GAP Funds also recently co-led a $3 million seed round in Bristol, Virginia-based Micronic Technologies, a developer of sustainable water purification technology.

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