CIT VentureCapital

investment firm

About

The private equity arm of CIT Group.

  • Morristown,New Jersey,United States

Details

Industries
Venture Capital
Founded date
Jan 1, 1992
Operating Status
Active
Investor Type
Venture Capital

The firm specializes in leveraged buyouts, management buyouts, recapitalizations, growth financing and venture capital in the life science, telecommunications and technology sectors. In the telecommunications and technology sectors, the firm actively seeks to invest in the following industries: communications services, wireless technologies, communications equipment, software, and Internet enabling technologies. In the life sciences sector, the firm actively seeks to invest in biopharmaceuticals, medical devices and pharmaceutical services.

Investments

Number of Investments
Number of Lead Investments
10
0
CIT VentureCapital has made 10 investments. Their most recent investment was on Oct 3, 2001, when Northstar Photonics raised $11M.
Date Company Name
Round Money Raised Industry Lead Investor
Series B $11M Aerospace
Jul 16, 2001 GENBAND
Series D $66M Communications Infrastructure
Jun 19, 2001 Luminous Networks
Series D $80M Internet
May 7, 2001 SenoRx
Series Unknown $19M Biotechnology
Series C $12.50M Broadcasting

Exits

CIT VentureCapital has had 5 exits. CIT VentureCapital most notable exits include GENBAND ,   SenoRx

Date Company Name Exit Type Industry
May 23, 2017 GENBAND M&A Communications Infrastructure Detail
Mar 29, 2007 SenoRx M&A Biotechnology Detail
Mar 30, 2006 Luminous Networks M&A Internet Detail
Mar 6, 2006 Confluent Photonics M&A Infrastructure Detail
Sep 5, 2002 Burly Bear Network M&A Broadcasting Detail