Grotech Ventures
Venture capitalOwings Mills · Seed–Growth · 9 people tracked
Also known as GROTECH MANAGEMENT COMPANY
Investment thesis
Grotech Ventures concentrates its capital, sourcing model and expertise on B2B software investing, targeting high-growth companies based outside of Silicon Valley and other traditional tech hubs. It typically makes initial investments of $500K to $5M and reserves significant follow-on capital to support companies through early and growth stages. The firm positions itself as a collaborative, long-term partner that aligns its goals with founders, drawing on a 40-year history and deep networks to provide strategic guidance and resources beyond capital.
Source: firm website, verified Aug 11, 2026.
Team · 9 people
from the firm's website & public directories
What they invest in
from 23 of 68 portfolio companiesSaaS ×12AI & Machine Learning ×10Enterprise Software ×10Data & Infrastructure ×9B2B Marketplaces ×4Cybersecurity ×4Cloud Computing ×3Fintech ×3
HQs:United States×38
Investments · 68 tracked
founders shown can be your intro pathBy year:2025 · 42024 · 12023 · 12021 · 42020 · 22018 · 32017 · 32016 · 62015 · 42014 · 12012 · 130 dated
ShardSecure provides a patented, agentless data security platform that protects files across on-premises, cloud, and hybrid/multi-cloud environments, offering ransomware mitigation, secure AI datasets, and compliance support for data sovereignty and privacy regulations.
Cloud ComputingCybersecurityData & InfrastructureEnterprise SoftwareSaaSNew York, US
Bob Lam(Executive Officer, Director)
BoardRon Gula(Director)Louis A. Steinberg(Director)Jesper Tohmo(Director)Stephen Fredrick(Director)Nick Efstratis(Director)
Raleigh, US
Michael Dering(Director)John Cowan(Executive Officer, Director)Adam Wray(Director)Mitch Mumma(Director)
Board seatLawson DeVries· per SEC Form D · $9M raise · filed Mar 2015
Adwerx provides automated digital advertising solutions for real estate professionals including agents, loan officers, and brokerages to build brand recognition and attract local buyers and sellers through targeted campaigns.
AdTechMarketing TechPropTechDurham, US
Edward J. Carlson(Chief Executive Officer, Secretary and Treasurer)J. Christopher Lynch(Assistant Secretary)Liz Shih(Chief Financial Officer)A.G.W. Biddle(Director)Jonathan Perl(Director)David Spitz(Director)
Board seatDonald Rainey· per SEC Form D
Secure digital platform (Mobile Passport) for presenting and authenticating government-issued ID; acquired by Onfido.
Arlington, US
Robert Poulin(Director)Hans Miller(Executive Officer, Director)Adam Tsao(Director)
Board seatJulia Taxin· per SEC Form D
Apkudo manages the supply chain for connected devices, extending their lifespan and reducing electronic waste through circular economy practices.
B2B MarketplacesCircular EconomyData & InfrastructureHardwareBaltimore, US
Timothy Laughlin(Chief Financial Officer)Nick Chen(Director)Benjamin Leslie(Chief Technology Officer)Joshua Matthews(Chief Executive Officer and Secretary)
BoardBrian Carney(Director)
Board seatLawson DeVries· per SEC Form D
Base Operations provides threat intelligence and risk assessment software for corporate security teams, delivering standardized risk metrics (BaseScore) and location-specific security data at sub-mile granularity for global portfolios.
CybersecurityData & InfrastructureEnterprise Software
Board seatJulia Taxin· per SEC Form D
Charlottesville, US
Colin Hunter(Director)Whitney Hunter(Executive Officer, Director)Benjamin Yobp(Director)
Board seatLawson DeVries· per SEC Form D · $7.3M raise · filed May 2024
Ceros is a platform that enables brands to create interactive and engaging digital content experiences designed to drive higher engagement and conversion metrics.
AI & Machine LearningMarketing TechSaaSNew York, US
Jere Doyle(Director)Liza Benson(Director)Simon Berg(Executive Officer, Director)
Board seatLawson DeVries· per SEC Form D · $11M raise · filed Apr 2018
ChurnZero provides AI-powered customer success software designed to reduce churn and increase revenue retention for SaaS companies.
AI & Machine LearningEnterprise SoftwareSaaSArlington, US
You Mon Tsang(Executive Officer, Director)inMark Heys(Executive Officer, Director)in
Board seatSteve FredrickJulia Taxin· per SEC Form D
UiPath provides enterprise automation software that uses AI agents and robots to automate business processes across departments like procurement, finance, and ERP systems.
AI & Machine LearningEnterprise SoftwareRoboticsSaaSDenver, US
Mark Geene(Founder & CEO)Jim Franklin(Director)Joseph R. Zell(Director)Jeffrey Hinck(Director)
Board seatJoseph R. Zell· per SEC Form D · $5.1M raise · filed Dec 2015
Austin, US
William Owens(Director)Ross Jones(Executive Officer, Director)Gary Clark(Executive Officer, Director)Daniel Browning(Director)Daniel Frawley(Director)Daniel Yost(Director)
Board seatLawson DeVries· per SEC Form D · $29.7M raise · filed Apr 2020
Denver, US
Frank Medicino(Director)Joseph R. Zell(Director)John Steward(Director)Paul J. Ironside(Executive Officer, Director)Nathan Smalley(Executive Officer, Director)
BoardKyle Lefkoff(Director)
Board seatJoseph R. Zell· per SEC Form D · $4M raise · filed Feb 2015
Washington, US
Kendall Clark(President)Michael Grove(Secretary)
Board seatSteve Fredrick· per SEC Form D · $9.2M raise · filed Feb 2018
CrowdStreet is a platform that provides individual investors access to private market investments including commercial real estate, private equity, venture capital, and private credit funds.
B2B MarketplacesFintechMarketplacesPortland, US
Jeffrey Hinck(Director)Dan Laun(Executive Officer)Steve Drew(Executive Officer)Michael Walsh(Director)Ian Formigle(Executive Officer)Marshall Clark(Executive Officer)
Board seatLawson DeVries· per SEC Form D
Chicago, US
Patrick O'Rahilly(Executive Officer, Director)
Board seatJulia Taxin· per SEC Form D
Boston, US
Sashika Dias(Executive Officer, Director)Rajat Bhakhri(Executive Officer, Director)James Frischling(Director)
BoardPhil Bronner(Director)Sean Dowling(Director)
Board seatJulia Taxin· per SEC Form D · $5M raise · filed Apr 2025
Fairfax, US
Thomas D. Roberts(Director)Anup K. Ghosh(Executive Officer, Director, Promoter)Dana Mariano(Executive Officer)Amit Mital(Director)Michael Daniels(Director)Amit Yoran(Director)
Board seatSteve Fredrick· per SEC Form D · $4.9M raise · filed Nov 2016
Cincinnati, US
Allison Robinson(Executive Officer, Director)James Hamilton(Director)Eddie Lou(Director)Gregory Robinson(Executive Officer)
Board seatJulia Taxin· per SEC Form D · $8.2M raise · filed Dec 2018
Minneapolis, US
Anthony C. Abena(Director)Daniel J. Frawley(Director)Douglas M. Berg(Executive Officer, Director)Paul Hanson(Executive Officer)Jason M. Heltzer(Director)
Board seatLawson DeVries· per SEC Form D · $7M raise · filed Apr 2017
Optoro provides software and services for managing retail returns, including a customer-facing returns portal, data-driven processing technology, and secondary sales channels designed to reduce landfill waste and support circular economy practices.
Circular EconomyE-commerceLogistics & Supply ChainRetail TechLanham, US
Tony Nader(Director)Theodore Leonsis(Director)Tobin Moore(Executive Officer, Director)Daniel Levine(Director)Adam Vitarello(Executive Officer, Director)James MacIntyre(Director)
Board seatJulia TaxinLawson DeVries· per SEC Form D · $50M raise · filed Dec 2021
Redpoint Global builds a customer data platform (CDP) and "Data Readiness Hub" that cleanses, integrates, and resolves identities across customer data to create unified 360 customer profiles for AI and customer experience use cases.
AI & Machine LearningData & InfrastructureMarketing TechSaaSWellesley Hills, US
Dale H. Renner(Executive Officer, Director)Ian Mott(Executive Officer)James T. Kelsey(Director)Greg Oberholtzer(Director)George Corugedo(Director)Robert J. Tobin(Director)
Board seatLawson DeVries· per SEC Form D · $3M raise · filed May 2025
Boise, US
Stephen Hazelton(Executive Officer, Director, Promoter)Joel Passen(Director, Promoter)Britton Wirt(Executive Officer, Director)Tom Chavez(Director)Steven Hazelton(Executive Officer, Director, Promoter)
Board seatLawson DeVries· per SEC Form D · $4.5M raise · filed Apr 2025
Boulder, US
Board seatJulia Taxin· per SEC Form D · $12.5M raise · filed May 2025
Boulder, US
Kirk Holland(Board of Director)Eli Gild(Chief Technology Officer)Promise Phelon(Chief Executive Officer)Frank Sette(Chief Revenue Officer)Lawson DeVries(Board of Director)Rustin Banks(Chief Product Officer)
Board seatLawson DeVries· per SEC Form D
B2B MarketplacesSaaSSalt Lake City, US
Jeff Davis(Executive Officer)Michael Beaudoin(Director)Kirk Holland(Director)Taft Price(Director)Kenneth R. Davis(Executive Officer, Director)Andrew Dye(Director)
Board seatLawson DeVries· per SEC Form D
Dataminr for Cyber Defense is an intelligence-driven threat and exposure solution suite that assembles and delivers real-time, client-tailored intelligence, linking emerging threats to internal exposure and business impact.
AI & Machine LearningCybersecurityEnterprise SoftwareSaaSArlington, US
Stephen M Fredrick(Director)Adam Vincent(Executive Officer, Director, Promoter)Leigh Reichel(Executive Officer, Director)Michele Perry-Boucher(Director)
Board seatStephen M Fredrick· per SEC Form D
Chicago, US
Michael Krasman(Chief Executive Officer, Treasurer, Secretary and Director.)Jeffrey Ellman(President, Assistant Secretary and Director.)
Board seatLawson DeVries· per SEC Form D · $1.6M raise · filed Sep 2015
Arcadia (via Urjanet) offers an energy intelligence platform that unifies utility bill and interval data, tariff rate calculations, and solar and storage analysis for enterprise customers.
CleantechData & InfrastructureEnergyAtlanta, US
PETER KIGHT(Director)SANJOY MALIK(Executive Officer, Director)DAVID RATCLIFFE(Director)SIG MOSLEY(Director)
Board seatSteve Fredrick· per SEC Form D
Medallia provides a customer and employee experience management platform that unifies customer signals and applies AI to analyze feedback, surface themes and drivers from unstructured text, and generate automated responses.
AI & Machine LearningEnterprise SoftwareSaaSPittsburgh, US
Steven Robinson(Director)Rob Rutenbar(Director)Mark Rossi(Director)James Lesko(Director)David Cooper(Executive Officer)Anthony Gadient(Executive Officer, Director)
Board seatSteve Fredrick· per SEC Form D
Cloud management platform turning clouds into pay-per-use billable utilities.
Worldwide leader in diagnostic medical ultrasound systems.
Developing modular handheld systems integrating computing, display, cellular, and other functions.
Data management platform to mine, categorize, store, and maximize data value.
Cloud-based collaborative platform streamlining product development for brands.
Software helping non-profits raise money online in less time.
Generative AI for customer-facing workforces to improve engagement, productivity, and business insights.
Hardware bill of materials vulnerability analysis platform for operational technology cybersecurity in critical infrastructure.
Ceterus provides automated bookkeeping and financial reporting services, combining automation with human oversight to deliver accurate financials for its customers.
Enterprise SoftwareFintechSaaSNorth Charleston, US
Derek Carter(Executive Officer)Levi Morehouse(Executive Officer, Director)
Automatically keeps contacts up-to-date across devices to maintain relationships.
Three-sided marketplace enabling businesses to leverage gig workers as a salesforce.
Uses AI to help entrepreneurs find local community resources.
Platform identifying and addressing employee experience gaps that impact productivity.
Washington, US
Volker Jacobs(Executive Officer, Director)
Developing Metro Ethernet Copper Access solutions; acquired by Overture Networks and later ADVA.
Washington, US
Tom MacIsaac(Director)Michael B. Avon(Executive Officer, Director, Promoter)
BoardPhil Herget(Director)
Improves health care providers' margins and cash flow via revenue cycle and supply chain solutions (NASDAQ: MDAS).
Platform helping finance teams monitor, plan, and execute cash operations.
Real-time location services for people and assets beyond traditional GPS; acquired by Numerex.
Next-gen ERP system targeting the professional services sector.
Passport provides a cloud-based parking management platform that unifies enforcement operations, mobile pay parking, permitting, and payment infrastructure for cities and private parking operators across North America.
Cloud ComputingGovTechMobility & TransportationPropTechSaaS
Payzer builds an all-in-one software platform for trade contractors covering payments, financing, and business operations from initial customer contact through final payment.
Construction TechEnterprise SoftwareFintechSaaSCharlotte, US
Douglas Little(Executive Officer)Joseph A Giordano(Executive Officer, Director)Thomas McCulley(Director)Mark E McDowell(Director)
BoardBenjamin Britt(Director)Don Rainey(Director)
Platform for users to control, protect, and monetize their data.
pgEdge provides a platform for building, deploying, and running highly distributed database applications across global networks using PostgreSQL.
Cloud ComputingData & InfrastructureDeveloper ToolsAlexandria, US
Phillip Merrick(CEO and Co-Founder)Denis Lussier(Director)Dave Page(Chief Technology Officer)in
BoardBenjamin Fried(Director)Gene Riechers(Director)
Online-to-offline loyalty program rewarding members for dining and shopping.
RackTop Systems develops BrickStor, a cyberstorage platform that actively defends data against ransomware, insider threats, and data theft through inline inspection and real-time response at the storage layer.
CybersecurityData & InfrastructureDefense TechWashington, US
Eric Bednash(Co-founder)Jonathan Halstuch(Co-founder)
Formerly ThreatX; delivers runtime CNAPP and CADR capabilities for securing cloud applications.
End-to-end solution protecting digital channels from cyber threats and compliance violations.
Speedscale provides API testing and development tools that help organizations test and debug applications more efficiently.
AI & Machine LearningData & InfrastructureDeveloper ToolsEnterprise SoftwareSaaSAtlanta, US
Ken Ahrens(Founder)inMatthew LeRay(Founder)in
Subsalt provides synthetic and real patient data access solutions for healthcare research teams, enabling rapid de-identified data exploration and secure runtime analysis without traditional governance delays.
AI & Machine LearningData & InfrastructureDigital HealthCharlotte, US
Albert Lucas Segars(Executive Officer, Promoter)Benjamin Winokur(Executive Officer, Director, Promoter)David Singletary(Executive Officer, Promoter)
BoardDavid Frankel(Director)
Fast cloud storage for post production teams that scales to any project.
Makes it easy for SMBs to go solar.
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.
Exits · 5
IPOs and acquisitions across the tracked portfolioAirside Mobileacq. by OnfidoHatteras Networksacq. by Overture NetworksOmnilink Systemsacq. by NumerexXOi Technologiesacq. by KkrYourekaacq. by Dispatch Technologies
Portfolio news
latest coverage across their companiesYardstik · fortuneindia.com · Jul 17, 2026
Passport · eu-startups.com · Jul 16, 2026
Crowd Street · mogul.club · Jun 25, 2026
Apkudo · nasdaqprivatemarket.com · Dec 23, 2025
Fund performance · per public LP disclosures
as of Dec 2024| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Grotech Partners VLPs: Connecticut Retirement Plans and Trust Funds, Michigan Municipal Employees' Retirement System | 1998 | — | -0.8% | 1.00x | 0.98x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- What stage does Grotech Ventures invest at?
- Grotech Ventures invests at the Seed, Series A, Series B, Growth stages.
- What is Grotech Ventures's typical check size?
- Grotech Ventures typically writes checks of $500K – $5M.
- What sectors does Grotech Ventures focus on?
- Grotech Ventures focuses on Data & Infrastructure, Enterprise Software, Fintech, Retail Tech, SaaS.
- Where is Grotech Ventures located?
- Grotech Ventures is headquartered in Owings Mills, US.
Images
Co-investors · 40
Rally Ventures is an early-stage venture capital firm focused exclusively on B2B/business technology companies, backing high-potential startups across sectors such as AI/ML, cybersecurity, fintech and SaaS.
Access Venture Partners is a venture capital firm that invests in early-stage startups across enterprise software, cybersecurity, and new marketplace models, with particular focus on evolving subsectors where it holds domain expertise.
MissionOG is a growth-stage investment firm focused on FinTech, data, and AI-driven technology, backed by a large network of operator-advisors from the payments and banking industries.
Tech Square Ventures is an early-stage venture firm based in Atlanta that backs enterprise (B2B) and marketplace technology companies, primarily at the seed stage. It is affiliated with the Engage startup accelerator and corporate innovation platform.
Bain Capital Ventures is the venture arm of Bain Capital, backing founders from incubation and seed through growth-stage, leveraging Bain Capital's global platform, industry expertise, and network.
Sierra Ventures is an early-stage venture capital firm that invests in first-principles founders, backing companies from inception through Series A across AI infrastructure, applied/vertical AI, deep tech, and physical/embodied AI.
High Alpha is a venture firm that creates and funds B2B SaaS companies, partnering with founders to build enterprise software businesses. It operates a venture capital arm (Capital) and a company-building arm (Studio).
Chicago Ventures is an early-stage venture capital firm that partners with founders in industries it views as overlooked, writing high-conviction checks and taking board seats.
Voyager Capital is a venture capital firm that invests in early-stage entrepreneurs across the Pacific Northwest and Western Canada, focusing on the modern economy.
SAV (Scale Asia Ventures) is a venture capital firm that invests in software and AI-driven companies, supporting portfolio growth through strategic introductions to talent and partners across APAC, the U.S., and global markets.
Origin Ventures is an early-stage venture capital firm backing founders building companies in the artificial intelligence economy, focusing on infrastructure, software, applications, services, and marketplaces that transform productivity and automation.
▶28 more co-investors
Moderne VenturesMindset VentureOCA VenturesPJC7GC & CoNRVLightspeed Venture PartnersCanaan PartnersFundersClubQED InvestorsRevolutionInitialized CapitalTribe Capital FirstlookTribeca Venture PartnersMouro CapitalFf Venture CapitalSummit PartnersCommerce Ventures137 VenturesBDC Venture CapitalKickstartSpero VenturesPaladin Capital GroupEVE AtlasBaird CapitalAvenir Growth CapitalFlorida FundersThe Case Foundation
Firms observed investing alongside Grotech Ventures, from public investor directories. Shared companies are the overlap with Grotech Ventures's recorded portfolio.
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