Grotech Management Company logo

Grotech Management Company

Institutional venture firmSEC venture capital fund adviser· Owings Mills, MarylandGROTECH.COM

We partner with innovative entrepreneurial talent. Our mission is to partner with young companies outside of Silicon Valley that transform markets, create jobs and produce extraordinary, sustainable growth.

In the firm's own words, from its website.

Reported fund assets
$311M
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
1
Investment team
14
Latest vintage
2023
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

12 additional team members, 37 additional co-investors and affiliates, 91 additional investments, funds and LPs, 14 events, 10 verified contacts (5 professional url, 3 published business email, 1 general firm email, 1 firm phone)

Every relationship, signal and contact on this record, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

What matters now

  1. 1 company
    new in 12 months

    1 new company in the last 12 months.

    A firm writing cheques this quarter is one a founder can pitch now.

    Factfunding announcements, Form D, the firm's portfolio pageFor Founders, co-investorsInvestments →
  2. 1 company
    portfolio raising

    One portfolio company has new financing on record in 6 months without this firm named on the round; the latest on 22 Jul 2026 ($16.5M sold on Form D).

    A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.

    FactSEC Form D filingsFor Co-investors, LPs, lendersInvestments →
  3. 13 deals
    with Rally Ventures Management

    Invests most often alongside Rally Ventures Management (13 shared deals) and Access Venture Partners Denver, CO (6 shared deals).

    pair last observed on record 30 Sep 2026, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.

    Measuredshared rounds and portfolio companies on recordFor Founders building a round, co-investorsCo-investors →

People to know

View all people
  • Retired Member Of Grotech Capital Group Vi, Llc
    Why: Named with investment responsibility
    No route on file yet
  • Retired Member Of Grotech Capital Group Vi, Llc
    Why: Named with investment responsibility
    No route on file yet
  • Retired Member Of Grotech Ventures Ii, Llc
    Why: Named with investment responsibility
    No route on file yet

Relationship network

157 connected entities49 observed rounds17 repeat counterparties11 dated rounds shown here, 2011 to 2026

From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.

What stands out
Reading the network
  • Sponsor
  • Company
  • Fund or vehicle
  • Person

Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

How am I connected?

Name your firm, a company or a person, and DFX finds the published routes to Grotech Management Company: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.

See how you connect to Grotech Management Company

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Investing

87 companies on record, 1 new in 12 months
Investments on record
87 companies, 48 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Airsideportfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website
Apkudoportfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website
Arcadiaportfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website
Stated thesis versus observed behaviour
129 observed deals
Stated (the firm’s website)
Sectors
ai, enterprise software, climate, hardware, logistics
Stages
series b
Geography
africa, global, maryland, silicon valley, united states
Check size
not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation
series b 100%
Stage at first entry
series b 100%
Industries, each company once
Hardware and deep tech, Software or Tech-enabled and IT services (11)
lead rate 0%follow-on rate 60%new companies, 12 months 1

Team

17 current, 1 departed
Decision makers
who to call first, and why; then everyone else by function
  • Dennis J. Shaughnessy · Retired Member Of Grotech Capital Group Vi, Llc
    Why this person: Named with investment responsibility
  • Frank Anthony Adams · Retired Member Of Grotech Capital Group Vi, Llc
    Why this person: Named with investment responsibility
  • Joseph Ronald Zell · Retired Member Of Grotech Ventures Ii, Llc
    Why this person: Named with investment responsibility

Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.

Investment team
17 current, 1 departed
1 departed (kept with end dates)
  • Deborah Ann Smeltzer · Member Of Grotech Capital Group, Inc. · Aug 1, 1988 to Mar 24, 2016 Inference
Contacts
3 published business email, 1 general firm email, 1 firm phone, 5 professional url

3 published business email, 1 general firm email, 1 firm phone, 5 professional url on record, each with its source. Values open with the complete profile.

Funds and LPs

6 vehicles, 0 LPs disclosed
Funds and vehicles
6 reported, 5 no longer reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Grotech Ak Holdings, LLCFund2023 form d first saleActive deployment$14.5M
Mar 26, 2026
15$6.0MFeb 8, 2023
Grotech Ventures IV, L.P.Fund2022 adv first reportedActive deployment$113M
Mar 26, 2026
87$0
of $150M
Jun 17, 2021
Grotech Ventures III, L.P.Fund2016 adv first reportedHarvest$109M
Mar 26, 2026
37$0
of $200M
Jun 25, 2015
Limited partners
0 LPs, 0 disclosed commitments
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Known LPs and allocators
3 relationships across the firm's funds, from public pensions and the allocator graph
AllocatorTypeFundAmountDateSource
Colorado Public Employees' Retirement AssociationSTATE RETIREMENT SYSTEMGrotech Partners III, L.P.$2.0M
committed
reported as of Dec 31, 2025Fact Pension disclosure
Stephen and Renee Bisciotti Foundation IncFOUNDATIONGrotech Ventures IV, L.P.$1.5M
fair value on the foundation's return
reported as of Dec 31, 2024Fact IRS Form 990 / 990-PF e-file returns
Vinik Family FoundationFOUNDATIONGrotech Ventures IV, L.P.$459,185
fair value on the foundation's return
reported as of Dec 31, 2024Fact IRS Form 990 / 990-PF e-file returns

Relationships across DFX

58 co-investors · on 2 other DFX graphs
Co-investors
58 counted from shared deals, for the whole firm
Across DFX and the capital chainon 2 other DFX graphs · 3 capital paths Show
Across DFX
  • The same institution is held on Allocators, RIA and Wealth, matched by identifier. See which records
Across the graphs

Grotech Management Company is the same institution as 2 records in Allocators and RIA and Wealth.

Allocators1RIA and Wealth1

DFX found 2 relationships across 2 datasets

Which record it is in each graph, what it is called there, and how the two were matched.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Checking your plan…

Capital chain

Grotech Management Company sits on 3 traced paths of capital across the graphs.

Allocator commitments to a manager

DFX traced 3 paths of capital through this record

Every record on each path, what it committed or lent, and as of when.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

Checking your plan…

Evidence and history

19 dated events, 76 observations from 4 sources
Timeline
19 dated events
  1. Mar 30, 2023
    Grotech Ak Holdings, LLC first reported on Form ADV by Grotech Management Company (Venture Capital Fund), GAV $6,000,005
    Fund first reported on Form ADVFundsFactGrotech Ak Holdings, LLCForm ADV
  2. Mar 31, 2022
    Grotech Ventures IV, L.P. first reported on Form ADV by Grotech Management Company (Venture Capital Fund), GAV $110,230,336
    Fund first reported on Form ADVFundsFactGrotech Ventures IV, L.P.Form ADV
  3. Jan 1, 2019
    Julia Inger Taxin joined Schedule A of Grotech Management Company as Member Of Grotech Ventures Iii, Llc
    Person joinedPeopleFactJulia Inger TaxinForm ADV
  4. Mar 24, 2016
    Grotech III Pennsylvania Fund L.P. no longer reported on Form ADV by Grotech Management Company
    Fund no longer reportedFundsInferenceGrotech III Pennsylvania Fund L.P.Form ADV
  5. Mar 24, 2016
    Grotech Partners III, L.P. no longer reported on Form ADV by Grotech Management Company
    Fund no longer reportedFundsInferenceGrotech Partners III, L.P.Form ADV
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 26, 2026 · 5 private fundsShow
Headquarters
Owings Mills, MDadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
SEC adviser type
Exempt reporting adviseradviserinfo.sec.gov
SEC exemption claimed
Venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
Latest Form ADV
Mar 26, 2026
Private funds reported
5 (5 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$311Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Classification history
Every classification this record has carried3 on recordShow
  1. Sep 23, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $314M across 6 vehicles
  2. Sep 15, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $415M across 6 vehicles
  3. Sep 12, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $414M across 5 vehicles
Evidence
76 observations from 4 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC exemption, VC funds reportedMar 26, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 26, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 28, 2024FactForm ADV
SEC adviser typeExempt reporting adviserMar 26, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 26, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 28, 2024FactForm ADV
First Form ADV filing2012-03-29Mar 26, 2026FactForm ADV
First Form ADV filing2012-03-29Mar 28, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-29Sep 30, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-25Sep 26, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-23Sep 24, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-21Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-22Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2026-03-26Mar 26, 2026FactForm ADV
Latest Form ADV filing2026-03-26Mar 26, 2026FactForm ADV
Latest Form ADV filing2024-03-28Mar 28, 2024FactForm ADV
SEC statusERA - ActiveMar 26, 2026FactForm ADV
SEC status effective2012-03-29Mar 26, 2026FactForm ADV
Venture share of reported funds1Mar 26, 2026FactForm ADV
Venture share of reported funds1Mar 28, 2024FactForm ADV
Business phoneMar 26, 2026FactForm ADV
Business phoneMar 28, 2024FactForm ADV
DescriptionSep 30, 2026Factno URL
DescriptionSep 16, 2026Factno URL
DescriptionSep 12, 2026Factno URL
HeadquartersOwings Mills, MDMar 26, 2026FactForm ADV
HeadquartersOwings Mills, MDMar 28, 2024FactForm ADV
Office addressMar 26, 2026FactForm ADV
Office addressMar 28, 2024FactForm ADV
Legal formCorporationMar 26, 2026FactForm ADV
Legal formCorporationMar 28, 2024FactForm ADV
Portfolio pageSep 30, 2026Factno URL
Portfolio pageSep 16, 2026Factno URL
Portfolio pageSep 12, 2026Factno URL
Private funds reported5Mar 26, 2026FactForm ADV
Private funds reported5Mar 26, 2026FactForm ADV
Private funds reported6Mar 28, 2024FactForm ADV
Private fund gross assets (reported)$311MMar 26, 2026FactForm ADV
Private fund gross assets (reported)$311MMar 26, 2026FactForm ADV
Private fund gross assets (reported)$415MMar 28, 2024FactForm ADV
Schedule a diffsadiff-1Mar 26, 2026FactForm ADV
Stated geographyAfrica, global, maryland, silicon valley, united states
“geography words on the home page”
Sep 30, 2026Factno URL
Stated geographyAfrica, maryland, silicon valley, united states
“geography words on the home page”
Sep 16, 2026Factno URL
Stated geographyMaryland, silicon valley
“geography words on the home page”
Sep 12, 2026Factno URL
Stated sectorsAI, enterprise software, climate, hardware, logistics
“sector words on the home page”
Sep 30, 2026Factno URL
Stated sectorsClimate, hardware, logistics
“sector words on the home page”
Sep 16, 2026Factno URL
Stated sectorsClimate, hardware, logistics
“sector words on the home page”
Sep 12, 2026Factno URL
Stated stagesSeries b
“stage words on the home page”
Sep 12, 2026Factno URL
Team pageSep 30, 2026Factno URL
Team pageSep 16, 2026Factno URL
Team pageSep 12, 2026Factno URL
Venture funds reported5Mar 26, 2026FactForm ADV
Venture funds reported5Mar 26, 2026FactForm ADV
Venture funds reported6Mar 28, 2024FactForm ADV
WebsiteSep 12, 2026FactForm ADV
WebsiteMar 26, 2026FactForm ADV
WebsiteMar 28, 2024FactForm ADV
Site titleSep 30, 2026Factno URL
Site titleSep 16, 2026Factno URL
Site titleSep 12, 2026Factno URL
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, confirmedShow
Importance
71
high
Active deployment
29
moderate
Emerging
0
low
Freshness
100
high
Institutional venture firmSEC exempt reporting adviser

Venture manager, reported GAV $314M across 6 vehicles

The inputs behind each score
importance
gav: 0.45 · funds: 0.92 · people: 1 · investments: 0.78 · co investors: 0.71
active deployment
investments 12m: 0.13 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2026-08-27
emerging manager
fund count: 11 · reported gav: $311M · first adv filing: 2012-03-29 · years since first filing: 14.5

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Fits

2 scored matches, best firstas of
  • score 61.1confidence 100%
    Why: sector fit; stage fit; geography fit; activity
    Watch: adjacent portfolio
  • score 51.1confidence 100%
    Why: sector fit; geography fit; activity; analogous
    Watch: adjacent portfolio

Scored by DFX match engines from the record's observed portfolio, stage, geography and recent activity. A fit is a reason to look, not a mandate; the blockers say what the model could not confirm. Names and the evidence sentences show with the names on this page.

Record history

1 dated event on the change ledger, latest event first
  • Adviser's first ADV filing
    2012-03-29source on record

The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.