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Venture Capital
virginiaipc.org/vvp

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Investments

278

Portfolio Exits

37

Funds

11

Partners & Customers

2

About Virginia Venture Partners

Virginia Venture Partners, formerly CIT GAP Funds, is a family of seed- and early-stage investment funds placing equity investments 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.

Virginia Venture Partners Headquarter Location

313 East Broad Street

Richmond, Virginia, 23219,

United States

703-689-3000

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Research containing Virginia Venture Partners

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CB Insights Intelligence Analysts have mentioned Virginia Venture Partners in 1 CB Insights research brief, most recently on Nov 10, 2021.

Latest Virginia Venture Partners News

VIPC's Virginia Venture Partners Invests in eLumin to Support Increased Access to Technology for All Students - GlobeNewswire

Jun 24, 2022

Increased Access to Technology for All Students - GlobeNewswire Not a member yet? Free Membership for Qualified Investors and Industry Participants Easily Customize Content to Match Your Investment Preferences Breaking News 24/7/365 Alternative Investment Listings & LeaderBoards Industry Research, Due Diligence, Videos, Webinars, Events, Press Releases, Market Commentary, Newsletters, Fact Sheets,Presentations, Investment Mandates, Video PitchBooks & More! Company Directory AUM Accelerator Program (designed for investment managers) Over 450K+ Industry Headlines, Posts and Updates ALL ALPHAMAVEN CONTENT IS FOR INFORMATIONAL PURPOSES ONLY.CONTENT POSTED BY MEMBERS DOES NOT NECESSARILY REFLECT THE OPINION OR BELIEFS OF ALPHAMAVEN AND HAS NOT ALWAYS BEEN INDEPENDENTLY VERIFIED BY ALPHAMAVEN.PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.THIS IS NOT A SOLICITATION FOR INVESTMENT.THE MATERIAL PROVIDED HEREIN IS FOR INFORMATIONAL PURPOSES ONLY.IT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY INTERESTS OF ANY FUND OR ANY OTHER SECURITIES.ANY SUCH OFFERINGS CAN BE MADE ONLY IN ACCORDANCE WITH THE TERMS AND CONDITIONS SET FORTH IN THE INVESTMENT'S PRIVATE PLACEMENT MEMORANDUM.PRIOR TO INVESTING, INVESTORS ARE STRONGLY URGED TO REVIEW CAREFULLY THE PRIVATE PLACEMENT MEMORANDUM (INCLUDING THE RISK FACTORS DESCRIBED THEREIN), THE LIMITED PARTNERSHIP AGREEMENT AND THE SUBSCRIPTION DOCUMENTS, TO ASK SUCH QUESTIONS OF THE INVESTMENT MANAGER AS THEY DEEM APPROPRIATE, AND TO DISCUSS ANY PROSPECTIVE INVESTMENT IN THE FUND WITH THEIR LEGAL AND TAX ADVISERS IN ORDER TO MAKE AN INDEPENDENT DETERMINATION OF THE SUITABILITY AND CONSEQUENCES OF AN INVESTMENT. ALPHAMAVEN

Virginia Venture Partners Investments

278 Investments

Virginia Venture Partners has made 278 investments. Their latest investment was in Elumin as part of their Seed VC on June 6, 2022.

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Virginia Venture Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/24/2022

Seed VC

Elumin

Yes

1

4/20/2022

Seed VC

Humanitru

$0.2M

Yes

2

3/17/2022

Bridge

Scout

$1.5M

No

6

2/2/2022

Seed VC - III

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$99M

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10

1/25/2022

Unattributed VC

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10

Date

6/24/2022

4/20/2022

3/17/2022

2/2/2022

1/25/2022

Round

Seed VC

Seed VC

Bridge

Seed VC - III

Unattributed VC

Company

Elumin

Humanitru

Scout

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Amount

$0.2M

$1.5M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

1

2

6

10

10

Virginia Venture Partners Portfolio Exits

37 Portfolio Exits

Virginia Venture Partners has 37 portfolio exits. Their latest portfolio exit was Kamana on March 04, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/4/2021

Acquired

$99M

3

12/29/2020

Acquired

$99M

5

12/8/2020

Acquired

$99M

1

11/17/2020

Merger

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$99M

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10

10/6/2020

Acquired

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$99M

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10

Date

3/4/2021

12/29/2020

12/8/2020

11/17/2020

10/6/2020

Exit

Acquired

Acquired

Acquired

Merger

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

3

5

1

10

10

Virginia Venture Partners Fund History

11 Fund Histories

Virginia Venture Partners has 11 funds, including Commonwealth Energy Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Commonwealth Energy Fund

Virginia Partners Fund

Virginia Founders Fund II

GAP Life Science Funds I-IV

0

GAP Tech Funds I-III

0

Closing Date

Fund

Commonwealth Energy Fund

Virginia Partners Fund

Virginia Founders Fund II

GAP Life Science Funds I-IV

GAP Tech Funds I-III

Fund Type

Status

Amount

Sources

0

0

Virginia Venture Partners Partners & Customers

2 Partners and customers

Virginia Venture Partners has 2 strategic partners and customers. Virginia Venture Partners recently partnered with Commonwealth of Virginia on December 12, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

12/14/2021

Partner

United States

1

2/13/2019

Partner

United States

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10

Date

12/14/2021

2/13/2019

Type

Partner

Partner

Business Partner

Country

United States

United States

News Snippet

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Sources

1

10

Virginia Venture Partners Team

10 Team Members

Virginia Venture Partners has 10 team members, including current Chief Executive Officer, President, Bob Stole.

Name

Work History

Title

Status

Peter Jobse

Founder

Current

Bob Stole

Chief Executive Officer, President

Current

Susan Aitcheson

Chief Financial Officer

Current

David Ihrie

Chief Technology Officer

Current

Tom Weithman

Managing Director

Current

Name

Peter Jobse

Bob Stole

Susan Aitcheson

David Ihrie

Tom Weithman

Work History

Title

Founder

Chief Executive Officer, President

Chief Financial Officer

Chief Technology Officer

Managing Director

Status

Current

Current

Current

Current

Current

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