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Venture Capital

Investments

43

Portfolio Exits

25

About CIT Venture Capital

CIT Venture Capital was the private equity group of CIT. CIT Venture Capital's network includes companies and venture capital fund affiliations across North America. CIT Venture Capital target markets include B2B e-commerce, Internet-enabling technologies, Web-enabled enterprise software, IT services and communications technologies.

Headquarters Location

44 Whippany Road Suite 140

Morristown, New Jersey, 07960,

United States

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CIT Venture Capital Investments

43 Investments

CIT Venture Capital has made 43 investments. Their latest investment was in Superior Biologics as part of their Line of Credit - II on March 3, 2016.

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CIT Venture Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/7/2016

Line of Credit - II

Superior Biologics

$50M

Yes

3

11/17/2010

Series E

SS8 Networks

$12.5M

No

1

6/12/2009

Unattributed

Telx

$43.5M

Yes

11/11/2003

Series D

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$99M

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0

6/5/2003

Unattributed VC

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$99M

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0

Date

3/7/2016

11/17/2010

6/12/2009

11/11/2003

6/5/2003

Round

Line of Credit - II

Series E

Unattributed

Series D

Unattributed VC

Company

Superior Biologics

SS8 Networks

Telx

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Amount

$50M

$12.5M

$43.5M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

3

1

0

0

CIT Venture Capital Portfolio Exits

25 Portfolio Exits

CIT Venture Capital has 25 portfolio exits. Their latest portfolio exit was Lime Energy on November 09, 2018.

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

11/9/2018

Acq - P2P

$99M

4

11/6/2018

Acquired

$99M

2

3/1/2018

Acquired

$99M

1

5/23/2017

Merger

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$99M

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10

4/14/2017

Acquired

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$99M

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10

Date

11/9/2018

11/6/2018

3/1/2018

5/23/2017

4/14/2017

Exit

Acq - P2P

Acquired

Acquired

Merger

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

4

2

1

10

10

CIT Venture Capital Acquisitions

3 Acquisitions

CIT Venture Capital acquired 3 companies. Their latest acquisition was Miles Kimball Company on April 21, 2003.

Date

Investment Stage

Companies

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

Total Funding

Note

Sources

4/21/2003

$99M

Acquired

3/17/2000

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$99M

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0

5/11/1998

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$99M

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0

Date

4/21/2003

3/17/2000

5/11/1998

Investment Stage

Companies

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Valuation

$99M

$99M

$99M

Total Funding

Note

Acquired

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Sources

0

0

CIT Venture Capital Team

1 Team Member

CIT Venture Capital has 1 team member, including current Chief Executive Officer, David McKerroll.

Name

Work History

Title

Status

David McKerroll

Chief Executive Officer

Current

Name

David McKerroll

Work History

Title

Chief Executive Officer

Status

Current

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