In 2004, Tom Weithman formed CIT GAP Funds, a family of seed and early-stage venture funds focused on making equity investments in the Commonwealth of Virginia’s most promising tech, life science and clean tech companies. Weithman manages all day-to-day fund operations, investment strategy, and portfolio management activity for CIT GAP Funds.
Through CIT GAP Funds, Weithman’s team has invested more than $16M in more than 120 start-ups, attracting more than $275M of private funding into portfolio companies, driving multiple companies to downstream venture and angel financings and realizing several portfolio company exits. CIT GAP Funds has been acknowledged in regional and national media as one of the venture capital industry’s leading early stage investment funds.
Building on the success of CIT GAP Funds, Weithman helped found the MACH37 Cyber Accelerator in 2013. The nation’s first accelerator focused purely on cyber security, MACH37 offers development services to 12-14 globally-sourced information security companies each year. MACH37 accelerates the path to market for these companies through a structured program of company formation, seed investment investment and strategic mentorship and guidance.
Weithman brings to CIT GAP Funds and MACH37 a strong prior executive experience in sales, business development, and operations with IBM and Hughes Electronics and has raised over $100M in funding for numerous early stage technology companies. In addition to advisory roles with a number of portfolio companies, Weithman is a past Director of the Virginia Tech Intellectual Property Foundation. In 2008, Weithman was recognized as among the “25 Most Influential People in the Southeast Technology Community” by TechJournal South.
Weithman holds a Bachelor’s degree from the University of Notre Dame, an MBA from Michigan State University and a Master’s degree in Public Administration from Harvard’s John F. Kennedy School of Government and has served as a Visiting Fellow at Georgetown School of Public Policy.