
West Virginia Jobs Investment Trust
180 Association Dr, Charleston, WV, 25311, United States
Overview
West Virginia Jobs Investment Trust (JIT) is a public venture capital fund created to develop, promote and expand West Virginia’s economy by making investment funds available to eligible businesses, thus stimulating economic growth and providing or retaining jobs within the State. JIT invests in early-stage, later-stage, and mature small companies that wish to expand. Opportunities to create a significant number of jobs while maintaining economic balance are favorably viewed. Economic diversification is a plus. In order to maintain its ability to assist others in the future, JIT makes investments that are expected to yield a financial return proportionate to the level of risk it assumes. JIT does not make grants or low-interest loans.
- Total investments
- 3
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 4
Sector focus
- Finance
- Financial Services
- Venture Capital
Investment portfolio
- InspectionGo
Participated · Series A · Jul 2023
InspectionGo provides technology and services to independent home inspection companies, including Keystone, a plug-and-play back-office platform. Its offering also includes the iGo Community—coaching, marketing, and management resources—and iGo Academy, which trains and supplies home inspectors. Founded in 2019 and led by CEO John Russell, the company has pursued growth through product expansion and strategic acquisitions. The company announced acquisitions of Repair Pricer, which uses AI and natural language processing to turn inspection reports into repair estimates, and HomeBinder, a residential home-management platform serving a network of 9,000 professionals and more than 950,000 homeowners. InspectionGo intends to use the funds to enhance service offerings for its inspector community and to bring hundreds of jobs to Central Pennsylvania by 2026. Financially, the company raised a $5.5M Series A that brought total funding to $10.5M.
- Core10
Participated · Equity · Dec 2017
Core10 offers banking and lending products alongside software development and integration services targeted at community financial institutions. Its Accrue platform provides digital account opening, digital lending, and core/fintech connectivity to accelerate community banks' digital transformation. Accrue is an OEM Salesforce Partner and an alumnus of the 2022 ICBA ThinkTECH Accelerator, delivering a configurable, scalable solution built specifically for community banks and credit unions. Core10 also supplies API integration expertise with subscription and project-based solutions to reduce backlogs and staffing costs. The company has a North American 'Hereshore' model with teams across the U.S. and Canada to maintain competitive costs and security. Core10 closed a $6.5M Series B to scale Accrue and strengthen its banking technology and integration services, bringing total funding to $12.5M. Core10 is based in Huntington, West Virginia, and Nashville, Tennessee, and builds fintech infrastructure solutions that connect financial data and applications across institutions and platforms. Led by CEO Jeff Martin, the company develops software for banks, credit unions and fintech firms. It closed a $3.5M Series A to fund growth initiatives. Core10 plans to use the proceeds to expand sales efforts nationwide and recruit software development talent in Nashville, southeastern Ohio, eastern Kentucky and West Virginia. The company aims to create 250 additional technology jobs by the end of 2020, signaling an emphasis on scaling engineering capacity to deliver its fintech integrations.
- Polyplexx
Participated · Equity · Jun 2014
PolyPlexx develops impact-resistant polyurethane lens products that are moldable to fit end-use applications and designed to couple with complementary technologies. The company is advancing its lens product into multiple industries, including solar panel protective coatings, eyewear, and defense applications. PolyPlexx plans to continue commercial deployment of current product lines and expand cooperative research and development partnerships with industry leaders in the chemicals and eyewear industries. It operates from the West Virginia Regional Technology Park in South Charleston. The company was spun off from the Mid-Atlantic Technology, Research and Innovation Center (MATRIC) in 2005. The articles do not disclose revenue or user metrics.