Grotech Capital Group has changed its name to Grotech Ventures.
Grotech Capital Group, a leading early-stage investor in high-potential technology companies and one of the longest-established firms in the venture industry, is now Grotech Ventures. The new name represents Grotech's alignment towards an early-stage technology investment focus while also supporting companies as they evolve.
Over the past year, Grotech has made a number of additions and promotions to its investment team, strengthening its domain expertise in the IT industry and delivering a team with both entrepreneurial and financial experience. With this alignment and focus, Grotech is well-positioned to serve the most promising early-stage technology companies in the mid-Atlantic and Southeast and other select underserved regions in the U.S. Grotech Ventures focuses on early-stage companies in communications and IT infrastructure, software and services, and Internet and Digital Media.
“Our recent changes allow Grotech to best leverage our core strengths and attract the most promising companies in high growth technology markets,” said Grotech's managing director and founder Frank Adams. “We're bringing flexible amounts of capital along with our hands-on team approach to the table to help our companies build valuable, sustainable businesses. Over the past quarter century, our limited partners have placed their trust in us time after time, and we are optimally positioned to back today's talented entrepreneurs.”
Some of Grotech's past investments include Digex (currently part of Verizon), USI (successful IPO then acquired by AT&T) and Advertising.com (acquired by AOL). Grotech's current list of disruptive portfolio companies includes BroadSoft (the market leader in VoIP applications), iBiquity (sole provider of HD Radio