Grotech Ventures Raises $225M For Eighth Fund

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http://techcrunch.com – Grotech Ventures, the Virginia-based VC firm behind LivingSocial, HelloWallet and others; is announcing the raise of its eighth fund, Grotech Ventures II (“GV II”), with $225 million in committed capital. The firm says the fund was oversubscribed by more than 10 percent, and was raised from both existing and new limited partners. GV II bringsGrotech’s total capital under management to $1.3 billion across all funds. Grotech makes investments across all sectors, including digital media; social, mobile & cloud computing; enterprise and infrastructure software; security technologies; con (IT news)