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Grotech Ventures

Founders Frank Adams

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 215
Average round size
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The average size of a deal this fund participated in
$12M
Portfolio companies 124
Rounds per year 5.38
Lead investments 43
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.42
Exits 39
Key employees 6
Stages of investment
Early Stage Venture

Areas of investment

  • Software
  • SaaS
  • Information Technology
  • Enterprise Software
  • E-Commerce
Summary

Grotech Ventures appeared to be the VC, which was created in 1984. The fund was located in North America if to be more exact in United States. The main department of described VC is located in the Vienna.

The usual cause for the fund is to invest in rounds with 3-4 partakers. Despite the Grotech Ventures, startups are often financed by Intersouth Partners, Harbert Growth Partners, Service Provider Capital. The meaningful sponsors for the fund in investment in the same round are Intersouth Partners, Boulder Ventures, Service Provider Capital. In the next rounds fund is usually obtained by Revolution, Rally Ventures, 7wire Ventures.

The fund has no specific favorite in a number of founders of portfolio startups. When startup sums 5+ of the founder, the probability for it to get the investment is little. For fund there is a match between the location of its establishment and the land of its numerous investments - United States. Among the various public portfolio startups of the fund, we may underline LivingSocial, BroadSoft, Optoro We can highlight the next thriving fund investment areas, such as Enterprise Software, Security. Besides, a startup needs to be aged 4-5 years to get the investment from the fund.

The higher amount of exits for fund were in 2017. The typical startup value when the investment from Grotech Ventures is 100-500 millions dollars. Comparing to the other companies, this Grotech Ventures performs on 8 percentage points less the average number of lead investments. The fund is generally included in 7-12 deals every year. Speaking about the real fund results, this VC is 27 percentage points more often commits exit comparing to other organizations. The high activity for fund was in 2014. Despite it in 2019 the fund had an activity. Deals in the range of 10 - 50 millions dollars are the general things for fund.

The fund was created by Frank Adams. We also calculated 6 valuable employees in our database.

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Typical Co-investors
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Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Grotech Ventures:

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Funds with similar focus located in United States:
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

pgEdge

Information Technology
Software
$10M27 Aug 2024 Alexandria, Virginia, United States

Caju AI

$3M03 Jun 2024 Norfolk, Virginia, United States

Base Operations

Big Data
Information Technology
Security
Software
Travel
$9M21 Dec 2023 Washington, District of Columbia, United States

Yardstik

Consulting
Outsourcing
Software
$12M17 Oct 2023 Minneapolis, Minnesota, United States

Synapse

Collaboration
E-Learning
Enterprise Software
Information Technology
SaaS
Software
Training
$4M27 Sep 2023 Old Toronto, Ontario, Canada

Vali Cyber

Cyber Security
Linux
Security
$15M26 Sep 2023 Charlottesville, Virginia, United States

Datasembly

Consumer Goods
E-Commerce
Marketing
Retail
$16M23 May 2023 Washington, District of Columbia, United States

Incentivio

Apps
Cloud Data Services
Food and Beverage
Internet
Mobile
Restaurants
Software
$10M17 May 2023 Boston, Massachusetts, United States

Cloverly

Air Transportation
CleanTech
E-Commerce
Ride Sharing
Shipping
$19M11 May 2023 Atlanta, Georgia, United States
News
Parallax Raises $7M in Series A Funding

– Parallax, an Edina, MI-based company focused on managing workloads and workforces in a remote environment, raised $7M in Series A funding.
– The round was led by Grotech Ventures with participation from Matchstick Ventures and Rally Ventures.
– The new investment will be used to continue to innovate its platform and add talent.

Youreka Labs spins out with $8.5M to provide smart mobile assistant apps to field workers

– Mobile field service startup Youreka Labs Inc. raised $8.5m in Series A funding.
– The round was co-led by Boulder Ventures and Grotech Ventures, with participation from Salesforce Ventures.
– The company also announced its CEO — Bill Karpovich joined to lead the company after previously general manager at IBM Cloud & Watson Platform.
– The company is developing robotic smart mobile assistants that enable frontline workers to perform their jobs more safely and efficiently.
– The company has identified four use cases so far: healthcare, manufacturing, energy and utilities and the public sector.
– The funding will be used to expand the company’s reach and products.

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Total investments 215
Average round size 12M
Rounds per year 5.38
Peak activity year 2022
Lead investments 43
Follow on index 0.42
Exits 39
Group Appearance index 0.95

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

pgEdge

Information Technology
Software
$10M27 Aug 2024 Alexandria, Virginia, United States

Caju AI

$3M03 Jun 2024 Norfolk, Virginia, United States

Base Operations

Big Data
Information Technology
Security
Software
Travel
$9M21 Dec 2023 Washington, District of Columbia, United States

Yardstik

Consulting
Outsourcing
Software
$12M17 Oct 2023 Minneapolis, Minnesota, United States

Synapse

Collaboration
E-Learning
Enterprise Software
Information Technology
SaaS
Software
Training
$4M27 Sep 2023 Old Toronto, Ontario, Canada

Vali Cyber

Cyber Security
Linux
Security
$15M26 Sep 2023 Charlottesville, Virginia, United States

Datasembly

Consumer Goods
E-Commerce
Marketing
Retail
$16M23 May 2023 Washington, District of Columbia, United States

Incentivio

Apps
Cloud Data Services
Food and Beverage
Internet
Mobile
Restaurants
Software
$10M17 May 2023 Boston, Massachusetts, United States

Cloverly

Air Transportation
CleanTech
E-Commerce
Ride Sharing
Shipping
$19M11 May 2023 Atlanta, Georgia, United States
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