Grotech Ventures
Description
Grotech Ventures is a well-established venture capital firm with a long-standing presence in the U.S. technology investment landscape, headquartered in Vienna, Virginia. Founded in 1984, the firm has built a reputation as a collaborative and long-term partner for entrepreneurs, primarily focusing on early-stage technology companies. Grotech's investment philosophy centers on providing not just capital, but also strategic guidance and operational support to help portfolio companies scale and achieve their growth objectives.
The firm's investment strategy targets a diverse range of technology sectors, including enterprise software, SaaS, cybersecurity, digital media, fintech, and healthcare IT. They typically invest in seed, Series A, and Series B rounds, seeking out innovative companies with strong management teams and disruptive potential. Grotech is known for its hands-on approach, working closely with founders to navigate challenges and capitalize on market opportunities, fostering a true partnership.
Grotech Ventures has demonstrated consistent fundraising success, enabling them to maintain a robust investment capacity. For instance, their Grotech Ventures X fund closed at $225 million in 2017, followed by Grotech Ventures XI, which successfully secured $250 million in 2021. These funds underscore their continued commitment to the early-stage tech ecosystem. Their typical initial check sizes generally range from $500,000 to $5 million, with the flexibility to provide significant follow-on capital as companies mature. This allows them to support companies from their nascent stages through various growth milestones, often participating in multiple funding rounds.
Investor Profile
Grotech Ventures has backed more than 195 startups, with 4 new investments in the last 12 months alone. The firm has led 78 rounds, about 40% of its total and boasts 51 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Series A, Series B, Series C rounds (top funding stages).
- Majority of deals are located in United States, Canada.
- Strong thematic focus on Software, SaaS, Information Technology.
- Led 2 rounds in the past year.
- Typical check size: $500K – $5M.
Stage Focus
- Series A (33%)
- Series B (25%)
- Series C (15%)
- Seed (9%)
- Series Unknown (9%)
- Series D (5%)
- Private Equity (3%)
- Corporate Round (1%)
- Pre Seed (1%)
- Series E (1%)
Country Focus
- United States (99%)
- Canada (1%)
Industry Focus
- Software
- Saas
- Information Technology
- Analytics
- Enterprise Software
- E-commerce
- Advertising
- Cyber Security
- Security
- Internet
Frequently Asked Questions
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