Grotech Ventures related stories
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Grotech Hires General PartnerEarly stage investor Grotech Ventures has promoted Lawson DeVries to general partner. Prior to joining Grotech, Mr. DeVries was an associate in the equity research division of Deutsche Bank and an associate at financial research firm Buckingham Research Group. DeVries has a Bachelor of Arts from Harvard University and an MBA from Duke University's Fuqua School of Business.
- GramercyOne Seals $14.5M
GramercyOne, a maker of cloud-based business and marketing software, has sealed $14.5 million in Series A financing, the company announced Wednesday. Revolution Ventures led the investment round, with Grotech Ventures, TDF, and Jubilee Investments providing the remainder of the funding. GramercyOne launched in 2010 and is based in New York.
- 6fusion Seals $7M VC Round
6fusion, a maker of utility-metered public, private and hybrid cloud infrastructure management software, has closed on $7 million from Grotech Ventures and Intersouth Partners. Vienna, Vir.-based Grotech led the round, which will help the company continue technology development and sales and marketing, as well as fund a move of the business to Raleigh, N.C.
- LivingSocial Hires Bankers Hoping to Tap Investor Interest in Internet IPOs
(Reuters) - LivingSocial has picked Bank of America Merrill Lynch, JPMorgan and Deutsche Bank to lead-underwrite an IPO that could value the daily deals site at $10 billion to $15 billion, two sources with knowledge of the matter said. The three banks declined to comment. LivingSocial, runner-up to Groupon in the fast-expanding daily deal market, is the latest Internet startup seeking to woo investors keen to pile into social media companies from LinkedIn and Twitter to Zynga and Facebook. In April, LivingSocial raised $400 million in a round of funding that included LightSpeed Venture Partners and Amazon, giving it a value of about $3 billion. To date, LivingSocial has raised $648 million in
- LogRhythm Inks $10M Series C
LogRhythm has inked $10 million in Series C financing. Adams Street Partners joined existing investors Access Venture Partners, Colorado Fund I, Croghan Investments and Grotech Ventures in the round. The company plans to use the money to for international expansion, to bolster product development and build out its service and support infrastructure.