Grotech Ventures related stories
All articles and analysis
VC-backed Intellinote hires two VPsIntellinote said Wednesday that it has hired Mohan Kompella as vice president of product marketing and Ronen Vengosh as vice president of alliances and business development. Previously, Kompella worked at Softential where he served as vice president of strategy and technology while Vengosh was a vice president of marketing and business development at PureWave Networks. Headquartered in Washington, D.C., Intellinote is a cloud workspace. It is backed by Grotech Ventures and Boulder Ventures.
- CIT GAP Funds back Encore
CIT GAP Funds has made an undisclosed investment in Encore. Based in Rosslyn, Virginia, Encore is a provider of social alerts to marketers.
- Icon leads funding round for GutCheck
On-demand market research provider GutCheck has raised a $4 million round of financing led by Icon Venture Partners and including existing investors. Details of the financing weren't disclosed, but the funding was an up round. The Denver-based company has now raised $10 million in total funding, including a $4 million Series B round last year /2013/06/gutcheck-raises-4-mln/ from Grotech Ventures, Crawley Ventures, Highway 12 Ventures and Village Ventures. As part of the recent deal, Jeff Hinck, general partner of Icon, has joined the board.
- CIT GAP Funds backs PerformYard
The Center for Innovative Technology's CIT GAP Funds has made an undisclosed investment in PerformYard. Based in Arlington, Virginia, PerformYard is a provider of human resources solutions.
- Intellinote inks $4.3m in Series A funding
Intellinote, a cloud-based Workforce Operations Management solution has completed a $4.3 million Series A funding round. The financing was led by investors Grotech Ventures and Boulder Ventures.
- CIT GAP Funds invests in DivvyCloud
The Center for Innovative Technology's CIT GAP Funds invested in DivvyCloud, a Virginia-based startup that provides software to optimize hybrid cloud-based IT infrastructure. CIT GAP Funds has invested in more than 90 companies across Virginia, deploying more than $10 million of public funds and attracting more than $135 million more in private funding since inception.
- Invincea nabs $16 mln in Series C funds
Invincea said Monday that it has closed $16 million in Series C funding. New investors Aeris Capital and Dell Ventures led the round with participation from return backers Grotech Ventures, Harbert Ventures and New Atlantic Ventures. Based in Fairfax, Virginia, Invincea is a provider of cyber security solutions.
- PassportParking raises $6 mln in Series A funding
PassportParking, which provides cloud-based parking management solutions, has raised $6 million in Series A funding co-led by Grotech Ventures and Relevance Capital with participation from a consortium of angel investors. The latest financing will be used to scale the company's sales, marketing and engineering efforts to help support rising customer demand from parking providers globally.
- CIT GAP Funds invests in ADR Software
The Center for Innovative Technology's CIT GAP Funds has closed an investment in ADR Software, a tech-based company based in Virginia that provides a solution for construction general contractors and project owners to collect, document and evaluate labor information real-time. Since its 2005 launch, CIT GAP Funds has invested in more than 90 companies across Virginia, deploying more than $10 million of public funds and attracting over $135 million more in private funding.
- CIT Gap Funds backs Power Supply
CIT GAP Funds has made an undisclosed investment in Power Supply. Based in Virginia, Power Supply is a local chefs network that gives busy professionals access to table-ready meals.