Grotech Management Company
SEC exempt reporting adviser (venture capital exemption).
- Website
- HTTPS://WWW.GROTECH.COM
- HQ
- MD
Grotech Management Company invests in high growth B2B software companies outside of Silicon Valley. Its portfolio includes Apkudo, a smart device test company, Caju AI, which applies generative AI to customer-facing workforces, and pgEdge, which offers distributed PostgreSQL. Its team includes General Partners Chuck Cullen and Steve Fredrick, and Managing General Partner Lawson DeVries.
01 · Says / Does
| Tag | Says | Does | Historically (to 2020) |
|---|---|---|---|
| Stages | Not stated | Not enough dated deals | Series A, Series B, Growth |
| Sectors | Cybersecurity, Vertical SaaS, Fintech, Logistics | Not enough dated deals | Enterprise SaaS, Data analytics, Hardware, Ecommerce, Devtools |
| Regions | Not stated | Not enough dated deals | CO, DC, VA, MD |
Says: what the firm's funds state. Does: from 0 dated deals in the last 24 months.
Historical focus (through 2020), derived from historical deal data.
| Year | Deals | Top sectors |
|---|---|---|
| 1998 | 1 | Cybersecurity |
| 2000 | 5 | Data analytics, Devtools, Hardware |
| 2002 | 4 | Hardware, Consumer, Foodtech |
| 2003 | 1 | Healthtech |
| 2004 | 4 | Hardware, Biotech, Cybersecurity |
| 2005 | 5 | Hardware, Devtools, Enterprise SaaS |
| 2006 | 3 | Hardware, Manufacturing |
| 2007 | 5 | Hardware, Devtools, Enterprise SaaS |
| 2008 | 10 | Enterprise SaaS, Devtools, Data analytics |
| 2009 | 5 | Enterprise SaaS, Media, Cybersecurity |
| 2010 | 7 | Ecommerce, Marketplaces, Enterprise SaaS |
| 2011 | 8 | Enterprise SaaS, Data analytics, Devtools |
| 2012 | 7 | Enterprise SaaS, Devtools, Data analytics |
| 2013 | 14 | Enterprise SaaS, Ecommerce, Devtools |
| 2014 | 15 | Enterprise SaaS, Data analytics, Cybersecurity |
| 2015 | 9 | Enterprise SaaS, Ecommerce, Biotech |
| 2016 | 14 | Enterprise SaaS, Ecommerce, Mobility |
| 2017 | 15 | Enterprise SaaS, Data analytics, AI applications |
| 2018 | 12 | Enterprise SaaS, Cybersecurity, Fintech |
| 2019 | 13 | Enterprise SaaS, Data analytics, Construction and proptech |
| 2020 | 3 | Climate software, Data analytics, Devtools |
Stage mix over time
- Pre-seed
- Seed
- Series A
- Series B
- Growth
| Year | Pre-seed | Seed | Series A | Series B | Growth |
|---|---|---|---|---|---|
| 2010 | 0 | 0 | 3 | 2 | 1 |
| 2011 | 0 | 0 | 3 | 3 | 2 |
| 2012 | 0 | 1 | 3 | 1 | 2 |
| 2013 | 0 | 0 | 6 | 4 | 1 |
| 2014 | 0 | 0 | 7 | 4 | 2 |
| 2015 | 0 | 0 | 5 | 2 | 1 |
| 2016 | 0 | 1 | 5 | 7 | 1 |
| 2017 | 0 | 2 | 8 | 3 | 2 |
| 2018 | 0 | 0 | 6 | 3 | 2 |
| 2019 | 0 | 2 | 4 | 2 | 4 |
| 2020 | 0 | 1 | 0 | 1 | 1 |
| 2021 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 |
| 2024 | 0 | 0 | 0 | 0 | 0 |
| 2025 | 0 | 0 | 0 | 0 | 0 |
| 2026 | 0 | 0 | 0 | 0 | 0 |
02 · Fund history
| Fund | Year | Size | Status |
|---|---|---|---|
| Grotech AK Holdings, LLC | 2023 | $6M to $9.32M (Form D and SEC adviser filing) | Open, writing first checks |
| Grotech Ventures IV, L.P. | approx. 2021 | $150M (Form D) | Follow-ons only |
03 · People across funds
- CHARLES CULLEN, PRINCIPAL OF THE GENERAL PARTNER
Grotech AK Holdings, LLC (Named on Form D); Grotech Ventures IV, L.P. (Named on Form D)
- DONALD DeVRIES, PRINCIPAL OF THE GENERAL PARTNER
Grotech AK Holdings, LLC (Named on Form D); Grotech Ventures IV, L.P. (Named on Form D)
- DONALD RAINEY, PRINCIPAL OF THE GENERAL PARTNER
Grotech Ventures IV, L.P. (Named on Form D)
- FRANK ADAMS, PRINCIPAL OF THE MANAGER
Grotech AK Holdings, LLC (Named on Form D); Grotech Ventures IV, L.P. (Team)
- JULIA TAXIN, PRINCIPAL OF THE GENERAL PARTNER
Grotech AK Holdings, LLC (Team); Grotech Ventures IV, L.P. (Named on Form D)
- STEPHEN FREDRICK, PRINCIPAL OF THE GENERAL PARTNER
Grotech AK Holdings, LLC (Named on Form D); Grotech Ventures IV, L.P. (Named on Form D)
- Chuck Cullen, General Partner, Chief Operating Officer and Chief Financial Officer
Grotech AK Holdings, LLC (Team); Grotech Ventures IV, L.P. (Team)
- Lawson DeVries, Managing General Partner
Grotech AK Holdings, LLC (Team); Grotech Ventures IV, L.P. (Team)
- Meghan Pfeifer, VICE PRESIDENT, FINANCE
Grotech AK Holdings, LLC (Team); Grotech Ventures IV, L.P. (Team)
- Sharon Gogol, VICE PRESIDENT, CONTROLLER
Grotech AK Holdings, LLC (Team); Grotech Ventures IV, L.P. (Team)
- Steve Fredrick, GENERAL PARTNER
Grotech AK Holdings, LLC (Team); Grotech Ventures IV, L.P. (Team)
04 · Recent deals
No dated deals found yet.
05 · Latest from the firm
No news from the firm's website yet.
06 · Sources
- HTTPS://WWW.GROTECH.COM
- https://www.grotech.com/
- https://www.grotech.com/portfolio
- https://www.grotech.com/team
- https://www.grotech.com/news
- https://www.grotech.com/about
Fund dates and sizes are from SEC Form D filings.
Last verified: Oct 25, 2026