The Center for Innovative Technology said Wednesday that it has named Dan Henderson as investment director for CIT GAP Funds. Prior to joining CIT, Henderson worked at BeClose, where he served as senior vice president of business development and strategy. Based in Virginia, CIT GAP Funds is a family of seed- and early-stage investment funds that focuses on making near-equity and equity investments in technology, life science and clean technology companies in the state.
The Center for Innovative Technology (CIT) announced today the appointment of Dan Henderson as Investment Director for CIT GAP Funds.
CIT President and CEO Pete Jobse said, “We are fortunate to welcome Dan to our CIT GAP Funds team. His knowledge and experience will be valuable when CIT GAP Funds is making new investment decisions.”
Henderson comes to CIT from BeClose, a venture-backed wireless home health company, where he worked as Senior Vice President of Business Development and Strategy. At BeClose, Henderson researched, designed and implemented a national distribution strategy and introduced numerous companies to BeClose technology. Prior to joining BeClose, Henderson worked as Vice President of Marketing and Strategy at FastSoft, Inc, a web acceleration software startup; as the co-founder and President of Bhavan Media, a digital media company; and as co-founder and President of i-Vantage, an IT services consultancy.
Henderson said, “I am looking forward to joining the CIT GAP Funds team. CIT GAP Funds has an important role in filling the funding gap for entrepreneurs, which creates significant economic value for Virginia.”
Henderson earned his M.B.A. from the UCLA Anderson School of Management, where he launched Bhavan Media, and a B.A. from Oberlin College.
CIT GAP Funds is a family of seed- and early-stage investment funds placing near-equity and equity investments in Virginia-based technology, life science and clean technology companies. The Funds invest in companies with a high potential for achieving rapid growth and generating significant economic return for entrepreneurs, co-investors and the Commonwealth.
Since its 2005 launch, CIT GAP Funds has invested in over 80 companies across the Commonwealth of Virginia, deploying more than $9 million of public funds and attracting over $125 million more in private funding.
About the Center for Innovative Technology, http://www.cit.org
Since 1985, CIT, a nonprofit corporation, has been Virginia’s primary driver of innovation and entrepreneurship. CIT accelerates the next generation of technology and technology companies through commercialization, capital formation, market development and revenue generation services. To facilitate national innovation leadership and accelerate the rate of technology adoption, CIT creates partnerships between innovative technology start-up companies and advanced technology consumers. CIT’s CAGE Code is 1UP71. To learn more, please visit http://www.cit.org. Follow CIT on Twitter @CITorg and add the Center for Innovative Technology on LinkedIn and Facebook.
About the CIT GAP Funds, http://www.citgapfunds.org
CIT GAP Funds makes seed-stage equity investments in Virginia-based technology, clean tech and life science companies with a high potential for achieving rapid growth and generating significant economic return for entrepreneurs, co-investors and the Commonwealth of Virginia. CIT GAP Funds investments are overseen by the CIT GAP Funds Investment Advisory Board (IAB). This independent, third-party panel consists of leading regional entrepreneurs, angel and strategic investors, and venture capital firms such as: New Enterprise Associates, Grotech Ventures, Valhalla Partners, Harbert Venture Partners HIG Ventures, Edison Ventures, In-Q-Tel, Intersouth Partners, SJF Ventures, Carilion Clinic, Johnson & Johnson, General Electric and Alpha Natural Resources.