GroTech Ventures

GroTech Ventures is an early-stage venture capital firm founded in 1984 by Frank A. Adams and headquartered in Owings Mills, Maryland. The firm was built on the conviction that the next big idea can come from anywhere — not only Silicon Valley — and has spent more than 40 years proving that thesis. Over that period, GroTech has raised over $1.5 billion in capital, invested in more than 150 companies, and currently holds $225 million in assets under management. Adams continues to serve as Managing General Partner and Executive Chairman. GroTech concentrates exclusively on high-growth B2B software companies outside Silicon Valley, deploying $500K to $5 million initially with significant follow-on reserves and leading rounds. Target sectors include supply chain and logistics, cybersecurity, application and vertical software, and fintech. The portfolio of 140 companies has generated 78 exits, including one major IPO and 66 acquisitions. Lineage, the cold storage logistics REIT, completed a record-setting IPO in 2024. Other notable exits include LivingSocial, Zenoss (IT monitoring), Fluid Truck (fleet management), and ThreatConnect (cybersecurity, exited October 2025). Recent 2025 investments include Krista (AI automation, Series A-III, October 2025) and Caju AI (customer engagement platform, September 2025). GroTech brings 40 years of institutional knowledge to each partnership, offering strategic guidance and operational resources that complement capital. The firm's four-decade track record of backing enterprise software founders outside the major coastal markets remains one of the longest and most consistent in US venture capital.