VC  Grotech Ventures

http://www.grotech.com





     Office Locations:

9722 Groffs Mill Drive Suite 856
Owings Mills, MD 21117
Phone: 703-637-9555
Fax: 410-527-1307

 

Stages:

  • Early
  • Expansion
  • Growth
  • Middle Market
  • Seed


 

Industries:

  • Communications & Networking
  • Information Technology
  • Media & Digital Media
  • Software & Internet

  •  

    Description:

    Founded in 1984, Grotech Ventures is the largest venture capital firm focusing exclusively on the Mid-Atlantic and Southeastern United States. The firm invests in classic venture capital transactions from early stage through growth rounds. With $1 billion in capital under management, and an office in Maryland, Grotech originates and leads investments in industries such as Social & Digital Media and E-Commerce; Mobile, Cloud and Infrastructure Software; Enterprise Software and Big Data Analytics; Security Technologies; and Healthcare Information Technology. The firm will not consider companies in life sciences, biotech, and foreign entities. The firm's typical investment in early stage companies ranges from $500 thousand to $5 million. Grotech has invested in over 150 companies since its formation.


     

    Funds:


      Fund Name


      Amount


      Date

    Get funds under management for this firm including Fund name, Dollar size of fund raise, and Vintage with a National Database subscription.



    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
       
       
       
    COMPANY STAGEREVENUE
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Revenue
    Growth Stage
    (also called Mid-stage)
    $2M-$7M
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B
       
       
     

    Investment Team:


    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Chuck Cullen General Partner, Chief Operating Officer and Chief Financial Officer
    Darren Appanah Vice President
    Don Rainey General Partner
    Frank Adams Executive Chairman, Founder
    Julia Taxin General Partner

     

    Recent Funding Events (trailing 12 months):


      Date


      Name


      State


      Amount


      Stage


      05/23/2023


      Datasembly


      DC


      $16,000,000


      Series B


      05/11/2023


      Cloverly


      GA


      $19,000,000


      Series A


     

    Portfolio companies include:


      Adwerx


      AnyPresence
        web link


      Apkudo
        web link


      Atavium
        web link


      Backbone


      Bandura Systems
        web link


      BlogFrog
        web link


      Booker


      Ceros
        web link


      Ceterus
        web link


      CircleBack
        web link


      Closely


      Cloud Elements
        web link


      Cloverly
        web link


      CommercialTribe
        web link


      CrowdStreet
        web link


      Datasembly
        web link


      DB Networks
        web link


      Dizzion
        web link


      Drum Technologies
        web link


      Fluid


      FOUNT Global
        web link


      Healthcare Interactive
        web link


      ICX Media
        web link


      Intellinote
        web link


      Invincea
        web link


      Optoro


      Parkifi


      Parse.ly
        web link


      Passport


      PassportParking
        web link


      Payzer


      Perishable Shipping Solutions
        web link


      PetScreening.com
        web link


      pgEdge
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      Plink


      Promoboxx


      RedPoint Global
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      Rent Ready
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      ShipMonk
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      Stardog
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      TapInfluence
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      TaskEasy


      Tellius
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      Tethr


      The Mom Project
        web link


      The Royalty Exchange
        web link


      Threat X
        web link


      ThreatConnect
        web link


      ThreatX


      UrbanBound


      Urjanet
        web link


      Voci Technologies
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      Webscale
        web link


      Webscale Networks
        web link


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      WiserTogether
        web link


      XOi Technologies
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      Yardstik
        web link


      Yet Analytics
        web link


      Youreka Labs
        web link


      Zenoss
        web link


      Zonoff
        web link


     

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