Investments
337Portfolio Exits
68Funds
9Service Providers
2About Grotech Ventures
Grotech is an early investor in high-potential technology companies. Grotech Ventures initially invests from $500,000 to $5 million and looks to continue investing and building value throughout the growth life cycle.
Latest Grotech Ventures News
Oct 17, 2023
Yardstik , a Minneapolis, MI-based Trust & Safety platform built to help high-volume hiring businesses safely hire, verify, and onboard workers at scale, raised an additional $12m in funding. The expansion round was led by MissionOG with participation from existing investors Grotech Ventures, Rally Ventures, and Crosslink Capital. The company intends to use the funds to expand operations, its business reach and development efforts. Led by Matt Meents, CEO & Founder, Yardstik brings Trust & Safety tools, workflows, and expertise to companies that need to screen, verify, and hire the right people at scale. Its platform delivers products and support to make screening, verification, and monitoring faster, safer, and affordable for growing gig marketplaces, software platforms, and high-volume hiring businesses. In the coming months, the company will introduce additional products and services that live within their Trust & Safety Platform. They also plan to increase its team, adding members to fill open roles in engineering, sales, marketing, legal, and technology. FinSMEs
Grotech Ventures Investments
337 Investments
Grotech Ventures has made 337 investments. Their latest investment was in Rabbu as part of their Series A - III on November 11, 2023.
Grotech Ventures Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
11/20/2023 | Series A - III | Rabbu | $0.61M | Yes | 1 | |
10/17/2023 | Series A - II | Yardstik | $12M | No | 3 | |
9/27/2023 | Series A | Cognota | $5.5M | Yes | 3 | |
7/26/2023 | Seed VC | |||||
6/8/2023 | Series B |
Date | 11/20/2023 | 10/17/2023 | 9/27/2023 | 7/26/2023 | 6/8/2023 |
|---|---|---|---|---|---|
Round | Series A - III | Series A - II | Series A | Seed VC | Series B |
Company | Rabbu | Yardstik | Cognota | ||
Amount | $0.61M | $12M | $5.5M | ||
New? | Yes | No | Yes | ||
Co-Investors | |||||
Sources | 1 | 3 | 3 |
Grotech Ventures Portfolio Exits
68 Portfolio Exits
Grotech Ventures has 68 portfolio exits. Their latest portfolio exit was Payzer on October 26, 2023.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
10/26/2023 | Acquired | 3 | |||
5/22/2023 | Acquired | 5 | |||
3/23/2023 | Acquired | 4 | |||
Grotech Ventures Acquisitions
1 Acquisition
Grotech Ventures acquired 1 company. Their latest acquisition was A&W Restaurants on January 11, 1995.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
1/11/1995 | Debt | $0.68M | Acq - Fin | 1 |
Date | 1/11/1995 |
|---|---|
Investment Stage | Debt |
Companies | |
Valuation | |
Total Funding | $0.68M |
Note | Acq - Fin |
Sources | 1 |
Grotech Ventures Fund History
9 Fund Histories
Grotech Ventures has 9 funds, including Grotech Ventures II.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
5/13/2013 | Grotech Ventures II | Early-Stage Venture Capital | Closed | $225M | 2 |
6/17/2009 | Grotech Ventures I | ||||
10/1/2002 | Grotech Partners VI LP | ||||
5/18/1999 | Grotech Partners V LP | ||||
12/31/1994 | Grotech Partners IV LP |
Closing Date | 5/13/2013 | 6/17/2009 | 10/1/2002 | 5/18/1999 | 12/31/1994 |
|---|---|---|---|---|---|
Fund | Grotech Ventures II | Grotech Ventures I | Grotech Partners VI LP | Grotech Partners V LP | Grotech Partners IV LP |
Fund Type | Early-Stage Venture Capital | ||||
Status | Closed | ||||
Amount | $225M | ||||
Sources | 2 |
Grotech Ventures Service Providers
2 Service Providers
Grotech Ventures has 2 service provider relationships
Service Provider | Associated Rounds | Provider Type | Service Type |
|---|---|---|---|
Counsel | General Counsel | ||
Service Provider | ||
|---|---|---|
Associated Rounds | ||
Provider Type | Counsel | |
Service Type | General Counsel |
Partnership data by VentureSource
Grotech Ventures Team
11 Team Members
Grotech Ventures has 11 team members, including current Founder, Managing General Partner, Frank Adams.
Name | Work History | Title | Status |
|---|---|---|---|
Frank Adams | Founder, Managing General Partner | Current | |
Name | Frank Adams | ||||
|---|---|---|---|---|---|
Work History | |||||
Title | Founder, Managing General Partner | ||||
Status | Current |
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