Grotech Ventures

Grotech Ventures is a venture capital firm established in 1984, headquartered in Hunt Valley, Maryland, with additional offices in Arlington, Virginia, and Denver, Colorado. The firm specializes in early-stage investments in high-growth technology companies, focusing on sectors such as social and digital media, e-commerce, mobile and cloud software, enterprise software, big data analytics, security technologies, and healthcare information technology. Grotech Ventures typically invests between $500,000 and $5 million initially, with a total target investment size of $5 million to $8 million, seeking to lead investments and acquire board seats in portfolio companies. The firm is committed to partnering with entrepreneurs who present innovative ideas and unconventional approaches, emphasizing collaboration and long-term support throughout the growth stages of their businesses. It specifically targets underserved venture markets across the United States, including regions like the Southeast and Rocky Mountain areas.

Charles P. Cullen

COO, CFO and General Partner

Chuck Cullen

General Partner, COO and CFO

Lawson DeVries

General Partner

Steve Fredrick

General Partner

Sharon Gogol

Vice President of Controller

Meghan Pfeifer

Director, Finance

Julia Taxin

General Partner

Past deals in North Carolina

Payzer

Series D in 2021
Payzer is a financial technology company based in North Carolina that provides an all-in-one platform designed to assist contractors in managing and growing their businesses. Established in 2014, Payzer's mobile and cloud-based solution enables users to accept credit and debit card payments, as well as electronic checks, either in the field or from their home office, with real-time transaction tracking. The platform also offers instant financing options up to $55,000, allowing contractors to provide immediate credit approvals to customers. Additionally, Payzer facilitates better purchasing control by enabling businesses to issue Visa debit purchasing cards to employees.

Petscreening

Series A in 2021
PetScreening, based in Cornelius, North Carolina, is a pet management platform that assists housing providers and property managers in screening household pets and validating reasonable accommodation requests for assistance animals. Founded in 2016, the company offers a secure system to store essential pet information, creating comprehensive pet profiles for lease files. Its services help property managers confirm that residents understand their pet policies while also adding a layer of third-party liability protection. By validating the status of assistance animals and calculating a FIDO score for each pet, PetScreening enables landlords to explore revenue opportunities related to pet ownership.

Rent Ready

Series A in 2021
Rent Ready is a specialized provider of comprehensive apartment services, offering a streamlined solution for preparing vacant units for new tenants. The company employs a proprietary online platform that connects apartment communities with skilled professionals, facilitating the coordination of essential services such as painting, cleaning, carpet cleaning, and refinishing. By serving as a single-source vendor, Rent Ready simplifies the process of managing move-outs and move-ins, allowing property managers to complete necessary preparations efficiently and on their own schedule. This approach not only enhances customer service but also eliminates the need for multiple vendors, thereby reducing frustration and improving the overall experience for apartment communities.

Petscreening

Seed Round in 2019
PetScreening, based in Cornelius, North Carolina, is a pet management platform that assists housing providers and property managers in screening household pets and validating reasonable accommodation requests for assistance animals. Founded in 2016, the company offers a secure system to store essential pet information, creating comprehensive pet profiles for lease files. Its services help property managers confirm that residents understand their pet policies while also adding a layer of third-party liability protection. By validating the status of assistance animals and calculating a FIDO score for each pet, PetScreening enables landlords to explore revenue opportunities related to pet ownership.

Petscreening

Seed Round in 2019
PetScreening, based in Cornelius, North Carolina, is a pet management platform that assists housing providers and property managers in screening household pets and validating reasonable accommodation requests for assistance animals. Founded in 2016, the company offers a secure system to store essential pet information, creating comprehensive pet profiles for lease files. Its services help property managers confirm that residents understand their pet policies while also adding a layer of third-party liability protection. By validating the status of assistance animals and calculating a FIDO score for each pet, PetScreening enables landlords to explore revenue opportunities related to pet ownership.

Payzer

Series C in 2018
Payzer is a financial technology company based in North Carolina that provides an all-in-one platform designed to assist contractors in managing and growing their businesses. Established in 2014, Payzer's mobile and cloud-based solution enables users to accept credit and debit card payments, as well as electronic checks, either in the field or from their home office, with real-time transaction tracking. The platform also offers instant financing options up to $55,000, allowing contractors to provide immediate credit approvals to customers. Additionally, Payzer facilitates better purchasing control by enabling businesses to issue Visa debit purchasing cards to employees.

Payzer

Series B in 2018
Payzer is a financial technology company based in North Carolina that provides an all-in-one platform designed to assist contractors in managing and growing their businesses. Established in 2014, Payzer's mobile and cloud-based solution enables users to accept credit and debit card payments, as well as electronic checks, either in the field or from their home office, with real-time transaction tracking. The platform also offers instant financing options up to $55,000, allowing contractors to provide immediate credit approvals to customers. Additionally, Payzer facilitates better purchasing control by enabling businesses to issue Visa debit purchasing cards to employees.

Adwerx

Series A in 2017
Adwerx, Inc. is a digital advertising company based in Durham, North Carolina, specializing in localized services for the real estate, mortgage, insurance, and wealth management sectors. Founded in 2013, Adwerx has established itself as a valuable resource for over 25% of the top brokerage firms and more than 15% of the leading mortgage originators in the United States. The company offers personalized and omnichannel brand marketing solutions that allow clients to deliver customized advertisements across various platforms, including streaming TV, popular websites, social media, and mobile applications. Through its digital marketing automation, Adwerx enhances brand visibility, increases productivity by 35%, and reduces turnover by 42%. The company's reach extends across the United States, Canada, and Australia, providing innovative advertising solutions tailored to the needs of its clients.

Payzer

Series B in 2016
Payzer is a financial technology company based in North Carolina that provides an all-in-one platform designed to assist contractors in managing and growing their businesses. Established in 2014, Payzer's mobile and cloud-based solution enables users to accept credit and debit card payments, as well as electronic checks, either in the field or from their home office, with real-time transaction tracking. The platform also offers instant financing options up to $55,000, allowing contractors to provide immediate credit approvals to customers. Additionally, Payzer facilitates better purchasing control by enabling businesses to issue Visa debit purchasing cards to employees.

Passport

Series B in 2016
Passport is a cloud tech startup that delivers intelligent data to its customers. Passport transforms mobility management with a single platform to help create an open parking ecosystem. The company's goal is to help cities bring payments into apps users already have on hand while providing management and reporting tools, creating an easy-to-manage and efficient mobility operation for the future. Passport is backed by a group of investors, including Bain Capital Ventures, Grotech Ventures, MK Capital, and Relevance Capital. It was founded in 2010 and is headquartered in Charlotte, North Carolina.

Payzer

Series A in 2015
Payzer is a financial technology company based in North Carolina that provides an all-in-one platform designed to assist contractors in managing and growing their businesses. Established in 2014, Payzer's mobile and cloud-based solution enables users to accept credit and debit card payments, as well as electronic checks, either in the field or from their home office, with real-time transaction tracking. The platform also offers instant financing options up to $55,000, allowing contractors to provide immediate credit approvals to customers. Additionally, Payzer facilitates better purchasing control by enabling businesses to issue Visa debit purchasing cards to employees.

Passport

Series A in 2013
Passport is a cloud tech startup that delivers intelligent data to its customers. Passport transforms mobility management with a single platform to help create an open parking ecosystem. The company's goal is to help cities bring payments into apps users already have on hand while providing management and reporting tools, creating an easy-to-manage and efficient mobility operation for the future. Passport is backed by a group of investors, including Bain Capital Ventures, Grotech Ventures, MK Capital, and Relevance Capital. It was founded in 2010 and is headquartered in Charlotte, North Carolina.

6fusion

Series B in 2011
6fusion operates a cloud management platform that transforms public and private cloud resources into a pay-per-use utility model. Utilizing its proprietary Workload Allocation Cube, the company establishes a standardized method for measuring supply and demand of computing resources. This platform serves IT service providers, enterprises, independent software vendors, and infrastructure owners/operators by simplifying Infrastructure-as-a-Service management through a single console. It offers insights into consumption, performance benchmarking, and cost allocation, all while avoiding vendor lock-in. Additionally, 6fusion employs financial intelligence analytics to enhance the economic measurement of IT infrastructure operations, helping organizations analyze utilization rates, consumption patterns, and cost efficiencies effectively.

Ziptronix

Venture Round in 2009
Ziptronix, Inc. specializes in semiconductor integration technologies for the electronics industry. The company is known for its advanced chip stacking and three-dimensional integrated circuits, which enhance the density of signal paths through innovative bonding techniques. Its proprietary ZiBond and Direct Bond Interconnect technologies enable the bonding of silicon in a 3D configuration, optimizing performance and efficiency. Additionally, Ziptronix provides semiconductor substrates for microelectromechanical systems (MEMS) and radio-frequency (RF) devices, further expanding its offerings in the semiconductor market.

Ziptronix

Venture Round in 2008
Ziptronix, Inc. specializes in semiconductor integration technologies for the electronics industry. The company is known for its advanced chip stacking and three-dimensional integrated circuits, which enhance the density of signal paths through innovative bonding techniques. Its proprietary ZiBond and Direct Bond Interconnect technologies enable the bonding of silicon in a 3D configuration, optimizing performance and efficiency. Additionally, Ziptronix provides semiconductor substrates for microelectromechanical systems (MEMS) and radio-frequency (RF) devices, further expanding its offerings in the semiconductor market.

Ziptronix

Series D in 2007
Ziptronix, Inc. specializes in semiconductor integration technologies for the electronics industry. The company is known for its advanced chip stacking and three-dimensional integrated circuits, which enhance the density of signal paths through innovative bonding techniques. Its proprietary ZiBond and Direct Bond Interconnect technologies enable the bonding of silicon in a 3D configuration, optimizing performance and efficiency. Additionally, Ziptronix provides semiconductor substrates for microelectromechanical systems (MEMS) and radio-frequency (RF) devices, further expanding its offerings in the semiconductor market.

Hatteras Networks

Venture Round in 2006
Hatteras Networks, Inc. is a technology company that specializes in developing equipment for carriers and service providers to facilitate high-bandwidth business services. Founded in 2000 and headquartered in Durham, North Carolina, the company offers broadband Ethernet solutions that utilize existing copper infrastructure. This enables service providers to deliver metro Ethernet services and effectively manage high-bandwidth requirements for mobile wireless and DSLAM backhaul transport. Hatteras Networks has a focus on enhancing connectivity options for business locations through innovative technology.

Ziptronix

Series C in 2005
Ziptronix, Inc. specializes in semiconductor integration technologies for the electronics industry. The company is known for its advanced chip stacking and three-dimensional integrated circuits, which enhance the density of signal paths through innovative bonding techniques. Its proprietary ZiBond and Direct Bond Interconnect technologies enable the bonding of silicon in a 3D configuration, optimizing performance and efficiency. Additionally, Ziptronix provides semiconductor substrates for microelectromechanical systems (MEMS) and radio-frequency (RF) devices, further expanding its offerings in the semiconductor market.

Hatteras Networks

Series D in 2005
Hatteras Networks, Inc. is a technology company that specializes in developing equipment for carriers and service providers to facilitate high-bandwidth business services. Founded in 2000 and headquartered in Durham, North Carolina, the company offers broadband Ethernet solutions that utilize existing copper infrastructure. This enables service providers to deliver metro Ethernet services and effectively manage high-bandwidth requirements for mobile wireless and DSLAM backhaul transport. Hatteras Networks has a focus on enhancing connectivity options for business locations through innovative technology.

Hatteras Networks

Series C in 2002
Hatteras Networks, Inc. is a technology company that specializes in developing equipment for carriers and service providers to facilitate high-bandwidth business services. Founded in 2000 and headquartered in Durham, North Carolina, the company offers broadband Ethernet solutions that utilize existing copper infrastructure. This enables service providers to deliver metro Ethernet services and effectively manage high-bandwidth requirements for mobile wireless and DSLAM backhaul transport. Hatteras Networks has a focus on enhancing connectivity options for business locations through innovative technology.
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