CIT GAP Funds Makes Follow-On Investment in RoundlyX to Help Users Better Manage Digital Asset Portfolios Latest investment helps support user growth in response to the increased popularity in Bitcoin and other digital assets
March 11, 2021 08:30 ET | Source: Center for Innovative Technology Center for Innovative Technology Herndon, Virginia, UNITED STATES
Richmond, VA, March 11, 2021 (GLOBE NEWSWIRE) The Center for Innovative Technology (CIT) today announced that CIT GAP Funds has made a follow-on investment in Richmond, Va.-based RoundlyX, a digital asset wealth management platform. Since its initial GAP Funds investment in May 2020, RoundlyX has expanded its service beyond the United States, with users now able to connect to any European or UK bank and round up their spare change into digital assets. The fintech startup plans to use this latest investment to support its continued user growth, which is now ac
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Richmond, VA, March 16, 2021 (GLOBE NEWSWIRE) The Center for Innovative Technology (CIT) today announced that CIT GAP Funds has invested in Herndon, Va.-based AtWork Systems, developer of a fully integrated, complete back office business solution for SMB government contractors. AtWork s OneLynk platform provides end-to-end business processes and real-time analytics, allowing business owners to focus on growing their organizations. The company will use this investment to support growth and continued technology enhancements.
Most large organizations today use a wide range of solutions to address common pain points in their businesses, such as workforce, project and financial management, as well as business continuity, security and compliance. Small businesses, on the other hand, are limited to solutions that are siloed, expensive and unsecured. The OneLynk platform by AtWork combines HR, accounting, payroll, project management, and workflow into one cohesive system, allowi
2/22/21
Richmond, VA, Feb. 17, 2021 (GLOBE NEWSWIRE) The Center for Innovative Technology (CIT) today announced that CIT GAP Funds has invested in Richmond, Va.-based Sweetie Boy Delivers, provider of services that help easily transport vehicles from one location to the next for dealerships and consumers. Sweetie Boy Delivers will use this investment to expand its sales and development teams to meet the needs of the ever-changing transportation industry, which has many pain points.
Shipping automobiles from point A to point B can be extremely cumbersome and involves many touchpoints, combined with multiple variables that are all handled with different systems and processes. Over the past few years, the auto industry had only scratched the surface of online sales and home delivery, and the COVID-19 pandemic forced the industry to adapt faster than expected. Sweetie Boy Delivers aims to provide an omni-channel, user-centric solution that eliminates roadblocks and streamlines transp
CIT GAP Funds 2020 Impact Report Showcases $32.4 Million in Capital Deployed to Date
Investments have supported the creation of nearly 6,500 jobs throughout the Commonwealth
CIT Growth Acceleration Program (GAP Funds)
Since 2005, CIT GAP Funds has invested in Virginia’s leading technology start-ups generating significant economic return for entrepreneurs, co-investors, and the Commonwealth of Virginia.
CIT GAP Funds is a family of seed and early stage venture funds investing in Virginia-based technology, life science, and
cleantech companies, with a high potential for achieving rapid growth and generating significant economic return for entrepreneurs, co-investors, and the Commonwealth of Virginia. Serving a vital connecting function, CIT GAP Funds partners with accelerators, seed-funds, and angel groups across Virginia’s entrepreneurial ecosystems to source and invest in companies. Serving as Virginia’s venture capital “on-ramp,” CIT GAP Funds helps portfolio companie