Grotech Ventures

As one of the established firms in the venture industry, Grotech Ventures has built a reputation for being a collaborative, long-term partner for CEOs and entrepreneurs by aligning their definition of success with that of their partners. They initially invest between $500,000 and $5 million in high-growth technology companies, reserving significant capital for subsequent investments to support companies through their early and growth stages. They look to partner with entrepreneurs who have fresh ideas, breakthrough innovations, and unconventional approaches that will yield explosive growth. They believe that their ability to meaningfully contribute to a business’s development is just as important as the capital they invest. As such, they seek investment opportunities that offer them the chance to leverage the experience, insight, and network they have built since their inception in 1984. Their approach is personal and long-term, not institutional.

Steve Fredrick

General Partner

Sharon Gogol

Vice President of Controller

Meghan Pfeifer

Director, Finance

Julia Taxin

General Partner

Past deals in Maryland

Sunstone Credit

Seed Round in 2022
Sunstone Credit is on a mission to democratize access to solar for small and medium sized businesses (SMBs). Sitting at the intersection of climate, finance and technology, Sunstone has built a best-in-class technology platform and partnered with leading financial institutions and a national network of solar developers to provide SMB borrowers access to simple, affordable and easy-to-understand solar loan products with flexible terms and a streamlined application process. When SMB customers go solar using Sunstone’s products, they save money and reduce their carbon footprint, driving a clean, green future for all. Learn more at sunstonecredit.com.

Apkudo

Venture Round in 2022
Apkudo enables companies that sell or manage connected devices to maximize value from resale, repair, and reuse while eliminating e-waste. Instead of relying on extensive labor and a patchwork of re-purposed systems, Apkudo provides a fully integrated solution to ensure that items such as mobile phones, tablets, watches, laptops, and wireless earphones move smoothly to the highest-value outcomes. Apkudo’s Circular Industry Platform includes the full suite of decision-support and operating tools: automated testing and grading systems, device lifecycle management, and resale market integration. As a result, Apkudo customers always have the answer to the question, “What do I do with this device, right now?”

Youreka Labs

Series A in 2021
Youreka Labs is a Salesforce-native application for simplifying smart mobile forms and procedures at scale.

Apkudo

Series B in 2020
Apkudo enables companies that sell or manage connected devices to maximize value from resale, repair, and reuse while eliminating e-waste. Instead of relying on extensive labor and a patchwork of re-purposed systems, Apkudo provides a fully integrated solution to ensure that items such as mobile phones, tablets, watches, laptops, and wireless earphones move smoothly to the highest-value outcomes. Apkudo’s Circular Industry Platform includes the full suite of decision-support and operating tools: automated testing and grading systems, device lifecycle management, and resale market integration. As a result, Apkudo customers always have the answer to the question, “What do I do with this device, right now?”

Cerebro Capital

Seed Round in 2020
Cerebro Capital is to transform the way middle market companies analyze, manage, and source their corporate credit facilities. It offers class online software, world-class security, and industry expertise they are improving the way financial teams evaluate the corporate borrowing industry and how they connect to commercial lenders.

Racktop Systems

Series A in 2019
Engineered by U.S. Intelligence Community veterans, RackTop’s best-in-class BrickStor SP data security solution follows a data-centric Zero Trust model that empowers organizations to safeguard their sensitive unstructured data from the escalating presence of ransomware, insider threats, and nation state-sponsored cyberattacks. In 2021, RackTop was named by Gartner as a Sample Vendor in the Gartner® Hype Cycle™ for Storage and Data Protection Technologies, as well as a Representative Provider in Gartner's 2021 Innovation Insight for Cyberstorage Solutions to Protect Unstructured Data Against Ransomware. The reports recognize the need for prioritizing the inclusion of Cyberstorage into storage products above backup and disaster recovery measures. RackTop’s BrickStor SP is the only software-defined primary data solution that can actively defend an organization’s files from the most severe cyber threats and take active measures to stop ransomware, data theft, and malicious insiders in real time, and is the only Cyberstorage solution which addresses all 5 functional areas of the NIST cybersecurity framework in a single, unified product. BrickStor SP deploys in minutes, uses standards based communication so it can drop in any organization new or old, and stores and protects Enterprise data at the edge, in the core, or on the cloud.

Yet Analytics, Inc.

Seed Round in 2017
Yet Analytics has built a modular suite of interoperable software products and a portfolio of expert capabilities that facilitate every part of the xAPI learning technology ecosystem — from inputs to storage to outputs — providing a complete solution for modern learning and training analytics.

Healthcare Interactive

Series A in 2016
Healthcare Interactive is dedicated to the transformation of the administration and delivery of healthcare to improve health in our communities. We enable our client-partners to effectively leverage their data to identify the health risk and cost drivers of the populations they serve, develop specific programs to engage members and improve outcomes, and provide the administrative tools to deliver, manage, and measure the success of those programs.

Healthcare Interactive

Series A in 2015
Healthcare Interactive is dedicated to the transformation of the administration and delivery of healthcare to improve health in our communities. We enable our client-partners to effectively leverage their data to identify the health risk and cost drivers of the populations they serve, develop specific programs to engage members and improve outcomes, and provide the administrative tools to deliver, manage, and measure the success of those programs.

Ryft Systems Inc.

Venture Round in 2014
Ryft is the performance leader in data-intensive computing with the first commercial HPC appliance to use hybrid x86/FPGA technology, 48TB of storage, and an Open API to accelerate and streamline existing software ecosystems by 100X. The easy-to-use Ryft ONE appliance supercharges the largest and most complex analytics workloads to speeds of 10 Gigabytes per second—using far less power than a hairdryer. With more than a decade of experience delivering incredibly fast data analysis solutions to government intelligence agencies, Ryft is the only company that understands how to effectively apply the combination of FPGA compute acceleration and x86 integration to a broad set of data-intensive workloads from the Internet of Things, video cameras, web logs, customer data, and other sources. Industry heavyweights in retail, finance, defense, and health care trust Ryft to power a range of real-time intelligence applications. For more information, visit www.ryft.com, or follow Ryft on Twitter, Facebook or LinkedIn.

iBiquity Digital Corporation

Private Equity Round in 2009
IBiquity Digital develops and licenses a digital HD Radio technology for AM and FM audio and data broadcasting in the United States and internationally. Its HD radio technology allows digital radio signals to ride the same airwaves as analog AM and FM radio broadcasts. The company provides a Gigaware Navigation Control HD Radio Receiver accessory and a Gigaware HD Radio application for iPhone and iPod touch users to receive HD Radio FM broadcasts. iBiquity Digital Corporation was formerly known as USA Digital Radio, Inc. The company was founded in 1991 and is based in Columbia, Maryland, with additional offices in Basking Ridge, New Jersey; and Pontiac, Michigan.
IBiquity Digital develops and licenses a digital HD Radio technology for AM and FM audio and data broadcasting in the United States and internationally. Its HD radio technology allows digital radio signals to ride the same airwaves as analog AM and FM radio broadcasts. The company provides a Gigaware Navigation Control HD Radio Receiver accessory and a Gigaware HD Radio application for iPhone and iPod touch users to receive HD Radio FM broadcasts. iBiquity Digital Corporation was formerly known as USA Digital Radio, Inc. The company was founded in 1991 and is based in Columbia, Maryland, with additional offices in Basking Ridge, New Jersey; and Pontiac, Michigan.
IBiquity Digital develops and licenses a digital HD Radio technology for AM and FM audio and data broadcasting in the United States and internationally. Its HD radio technology allows digital radio signals to ride the same airwaves as analog AM and FM radio broadcasts. The company provides a Gigaware Navigation Control HD Radio Receiver accessory and a Gigaware HD Radio application for iPhone and iPod touch users to receive HD Radio FM broadcasts. iBiquity Digital Corporation was formerly known as USA Digital Radio, Inc. The company was founded in 1991 and is based in Columbia, Maryland, with additional offices in Basking Ridge, New Jersey; and Pontiac, Michigan.

RewardsPlus

Venture Round in 2005
RewardsPlus is a provider of benefits management technology. RewardsPlus' Benfinity system is a suite of Web-based applications and professional services designed to simplify and automate employee benefits communication, self-service enrollment and ongoing post-enrollment administration. Serving many nationally recognized corporations such as Unilever, AT&T, and National City Corporation.
Bluefire Security develops security software for wireless and mobile handheld devices.

BroadSoft

Series C in 2004
BroadSoft is the leading global provider of software that enables mobile, fixed-line and cable service providers to deliver real-time communications over their IP networks. They have more than 500 telecommunications service provider customers, powering their delivery of enhanced, personalized communications and entertainment services to their businesses and residential subscribers. BroadSoft serves 18 of the top 25 largest telecommunications carriers in over 70 countries and in 25 languages.

Chicken Out Rotisserie

Venture Round in 2002
Treating your family, your guests, and yourself to flavorful, high-quality, inexpensive meals has never been more convenient. At Chicken Out, they provide award-winning, always fresh, 100% all-natural chicken, served in a variety of scrumptious dishes, from platters to salads, from breasts to filets, and from sandwiches to soups to rotisserie on the bone. They marinate their chickens in a special blend of natural herbs and spices, slow rotisserie roast them to perfection, and serve them fresh and juicy. To make your mealtime planning as simple as possible, Chicken Out provides many options for ordering. You can order online and pick up your meal at one of their local restaurants. Or, join us for in-house dining. Chicken Out also provides on-demand catering services. Call us, or email us, and they’ll provide a catered meal for a large group within two hours. And if you need the meal sooner, call us for immediate assistance.

BroadSoft

Series C in 2002
BroadSoft is the leading global provider of software that enables mobile, fixed-line and cable service providers to deliver real-time communications over their IP networks. They have more than 500 telecommunications service provider customers, powering their delivery of enhanced, personalized communications and entertainment services to their businesses and residential subscribers. BroadSoft serves 18 of the top 25 largest telecommunications carriers in over 70 countries and in 25 languages.

USA Digital Radio

Private Equity Round in 2000
USA Digital Radio offers mediation and arbitration services. They resolve issues in divorce and family matters, small business disputes, and real estate, including earnest money disputes.

RewardsPlus

Series D in 2000
RewardsPlus is a provider of benefits management technology. RewardsPlus' Benfinity system is a suite of Web-based applications and professional services designed to simplify and automate employee benefits communication, self-service enrollment and ongoing post-enrollment administration. Serving many nationally recognized corporations such as Unilever, AT&T, and National City Corporation.

USInternetworking

Venture Round in 1998
USinternetworking, an applications services provider, manages companies' software via the internet. It provides hosted applications via the internet for large companies looking for managed software services. It offers applications from vendors in the areas of enterprise resource planning and customer relationship management (Oracle), spend management (Ariba), messaging and collaboration (Microsoft), and custom developed e-commerce systems. USinternetworking's customers included the State of Maryland's Department of Health and Mental Hygiene, Sunburst Hospitality, and Yankee Candle. The company was acquired by US telecom service giant AT&T in 2006.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.