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Grotech Ventures

Investor type Venture Capital
Founders Frank Adams

Overview

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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.
Total investments 195
Average round size
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The average size of a deal this fund participated in
$12M
Portfolio companies 113
Rounds per year 5.13
Lead investments 40
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
  • Enterprise Software
  • Information Technology
  • 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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Related Funds

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

Funds with similar focus

Funds from United States
Funds with similar focus located in United States:
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Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Tellius

Analytics
Artificial Intelligence
Business Intelligence
Intelligent Systems
Machine Learning
Predictive Analytics
$16M20 Oct 2022 Reston, Virginia, United States

CrowdStreet

Commercial Real Estate
Crowdfunding
Financial Services
FinTech
Real Estate
Real Estate Investment
$43M10 Oct 2022 Portland, Oregon, United States

Rewst

$4M23 Aug 2022 -

ThreatX

Cyber Security
Information Technology
SaaS
Service Industry
$30M17 Aug 2022 Colorado, United States

SturdyAI

Artificial Intelligence
Information Technology
Machine Learning
Software
$3M28 Jun 2022 Boise, Idaho, United States

EcoMap Technologies

Analytics
Business Intelligence
Communities
Software
$3M07 Jun 2022 Baltimore, Maryland, United States

ShardSecure

$11M25 May 2022 New York, New York, United States

Sunstone Credit

Commercial Lending
Financial Services
FinTech
Small and Medium Businesses
Solar
10 Feb 2022 Baltimore, Maryland, United States

Apkudo

B2B
E-Commerce Platforms
Industrial Automation
iOS
Logistics
Mobile Devices
Operating Systems
Robotics
Trading Platform
Wireless
$14M08 Feb 2022 Baltimore, Maryland, 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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