Growth Capital, Operational Expertise, Strategic Insights
Advisory Solutions for the Architects of the Future.
Growth Capital, Operational Expertise, Strategic Insights
Advisory Solutions for the Architects of the Future.
About Grove Capital
Our Mission
Grove Capital partners with visionary leaders who use a first-principles approach to build foundational technologies for the next era of connectivity, intelligent automation, and AI-driven productivity. Our mission is to provide the strategic capital and hands-on operational support needed to turn groundbreaking ideas into resilient, market-defining companies. We empower innovators to unlock new levels of operational efficiency and productivity, thereby creating enduring value and accelerating the digital transformation of industries.
Our Strategy
Our strategy is built on a foundation of long-term partnerships and deep sector expertise. As active investment partners, we go beyond providing just capital; we become a strategic extension of the management teams, entrepreneurs, and visionary leaders we back.
Our seasoned team of executives is renowned for its ability to solve complex business challenges with innovative technology, creating differentiation and value across the AI-driven Retail Technology, Media, and Wireless Communication sectors. We help our partners build resilient, market-defining businesses through strategic growth, operational excellence, and international expansion.
We are dedicated to creating enduring value by leveraging our extensive global network of private equity, family office, and venture investors, along with our vast industry relationships and operational experts.
Our Focus
Grove invests in breakthrough AI-driven Retail Technology, Media, and Communication companies engineered for rapid, efficient growth. These companies are fueled by a powerful combination of recurring revenue streams, cost-effective customer acquisition, and robust technology platforms. By leveraging AI/ML and data aggregation, they fundamentally enhance operational efficiencies, streamline connectivity, and deliver predictive, actionable insights that revolutionize how industries operate and scale.
Our principle areas of focus are the following:
- Communication Services & Infrastructure: Building the foundation for a hyper-connected world through next-gen 5G/6G, edge networking, spatial computing, and IoT.
- Data & AI: Pioneering solutions that leverage AI, machine learning, and blockchain to turn raw data into a strategic asset to drive hyper-personalization and intelligent automation.
- Retail Technology: Solutions that merge digital media, data, and AI to enhance engagement, drive profitability, and operational efficiencies.
- Media & AdTech: Redefining how content is created and consumed with generative AI and next-gen Advertising Technologies, and new ways of driving hyper-local digital, AR, and advertising experiences.
- FinTech: Transforming financial services, loyalty and electronic payments through innovative technology, data, and automation.
- Security: Safeguarding the connected world with next-gen solutions for network, device, and application security.
Our Expertise
Our seasoned team of executives is renowned for its ability to shape strategy, ,build and lead development teams, drive product development, and solve complex business challenges with innovative technology, creating differentiation and value across the AI-driven Retail Technology, Media, and Wireless Communication sectors.
- Retail POS & Payments: We have a proven track record of driving innovation and scaling technology teams in the retail payments sector. We bridge the gap between business strategy, product development, and technical execution, with deep expertise in fintech from traditional POS and mobile to EMV standards, PCI DSS, and NFC, with successful exits to Verifone & Hypercom.
- Wireless Technologies: We have extensive experience and partnerships to facilitate wireless network planning, design, and implementation, including Satellite, In-building/DAS, and terrestrial. We specialize in leveraging the power of IoT, RFID, and BLE enabling retailers to manage inventory with unprecedented accuracy and create a truly personalized and immersive shopping experiences.
- In-Store Digital Media: Our team implemented the first cloud-based, ML-driven, in-store wireless digital media network. We possess deep expertise in AdTech, cloud data, machine learning, and IoT, and have a proven track record of fusing past purchase data with real-time location and behavioral analytics to serve targeted offers.
- Advanced AI Solutions: Grove is at the forefront of AI/ML innovation, driving a partner-led managed services solution that transforms financial reporting, streamlines access to real-time data analytics, dramatically improves operational efficiencies for multi-store retailers, GPOs, and distributors.
- Retail Supply Chain & Trading Marketplaces: Our team includes recognized thought leaders in digital transformation, smart grid, blockchain and B2B architectures. Grove member led one of the largest retail vertical B2B platforms connecting 1,200+ supply chain partners with a successful exit to GE Retail Systems (Blue Yonder).
Corporate Development
Our comprehensive corporate development activities are designed to help our partners build, grow, and scale their businesses effectively. We provide hands-on expertise across every stage of a company’s lifecycle.
- Corporate Strategy & Development. Grove acts as a strategic partner, helping companies define and refine their long-term direction. We provide hands-on guidance in market entry strategies, competitive analysis, and corporate planning to identify new growth opportunities. As companies scale, we advise on organizational design and change management to ensure their structure aligns with strategic goals, helping them maintain their creative DNA while building the operational rigor of a utility.
- Strategic Partnerships and M&A Members of the Grove team are skilled at forging strategic partnerships, driving technology adoption, and negotiating complex deals for a variety of purposes, including software, hardware, licensing, and co-development. We also provide critical support throughout the M&A process, including due diligence, financial projections, and post-merger integration. Our experience in successfully launching and exiting disruptive companies positions us to guide our partners through these complex events and create win-win outcomes for all parties involved.
- Capital Formation & Financing Strategy This activity is at the core of our approach. We have a proven track record of advising on and leading fundraising and capital formation initiatives, having advised on or led over $240 million in equity and debt financing. We directly support executive leadership with financial forecasting, developing business models, and aligning their capital strategy with their product and market ambitions. This includes expertise in deal structuring, valuation analysis, and syndication with a diverse investor base.
Our Team
Tim Morton, Partner/CIO
Eamonn McCormick, Managing Director
Tim Morton, Partner/CIO
Wireless/Digital Media/FinTech
Tim Morton is a seasoned executive with over 25 years of experience in capital formation, private banking, and high-tech leadership. He has a proven track record of funding and scaling technology businesses, having advised on or led over $240 million in equity, debt financing, and portfolio investments. As
Wireless/Digital Media/FinTech
Tim Morton is a seasoned executive with over 25 years of experience in capital formation, private banking, and high-tech leadership. He has a proven track record of funding and scaling technology businesses, having advised on or led over $240 million in equity, debt financing, and portfolio investments. As a Co-Founder of Grove Capital, he successfully launched and exited disruptive companies, including a B2B SaaS platform acquired by GE Retail Systems. Previously, as Director of Private Banking at BofA/Montgomery Securities, Tim specialized in managing complex investment strategies for ultra-high-net-worth clients ($50M+). His expertise spans transaction leadership, capital strategies, and corporate finance across the wireless, fintech/mediatech, B2B, and AI/ML sectors. A veteran of the CIA/Office of Development & Engineering, Tim is a graduate of the College of William and Mary and Duke University, Fuqua School of Business.
George Lula, Partner / CoFounder
Eamonn McCormick, Managing Director
Tim Morton, Partner/CIO
Financial Services/M&A
George Lula is a seasoned capital markets and investment banking executive with over 25 years of experience, including a tenure as Chief Executive Officer of PNC Capital Markets. While leading PNC's investment banking operations, a $90 billion financial services company, he advised on more than 600 private and pu
Financial Services/M&A
George Lula is a seasoned capital markets and investment banking executive with over 25 years of experience, including a tenure as Chief Executive Officer of PNC Capital Markets. While leading PNC's investment banking operations, a $90 billion financial services company, he advised on more than 600 private and public market transactions totaling approximately $125 billion in his final three years. Mr. Lula has also held senior executive roles at Goldman Sachs and Mellon Bank. His expertise spans transaction leadership, corporate finance, risk arbitrage, and executive management. A veteran of the U.S. Air Force and a graduate of the University of Pittsburgh, he also serves on the boards of early-stage technology and financial services companies.
Eamonn McCormick, Managing Director
Eamonn McCormick, Managing Director
Bill Pittman
AI/Blockchain/Network Infrastructure
Eamonn is a recognized thought leader specializing in digital transformation for the energy, AI, and Blockchain sectors. His expertise spans smart grid (SGAM), cloud computing, AI, and blockchain architectures. He has a proven track record of successfully leading complex technology initiatives and has
AI/Blockchain/Network Infrastructure
Eamonn is a recognized thought leader specializing in digital transformation for the energy, AI, and Blockchain sectors. His expertise spans smart grid (SGAM), cloud computing, AI, and blockchain architectures. He has a proven track record of successfully leading complex technology initiatives and has been recognized with the 2021 CleanieGold Award. His notable experience includes serving as Chief Architect for the Energy Blockchain Consortium, Zayo Group/Utilicast, NEOM/Saudi Arabia, and ERCOT, where he helped establish the first major energy trading marketplace.
Bill Pittman
Bill Pittman
Bill Pittman
Digital/POS/Mobile Payments
Bill Pittman is a seasoned global payments executive and founder, renowned for his ability to solve complex business challenges with innovative technology. He has a distinguished history of creating differentiation and value across the physical retail, e-commerce, and mobile sectors. Pittman successfully found
Digital/POS/Mobile Payments
Bill Pittman is a seasoned global payments executive and founder, renowned for his ability to solve complex business challenges with innovative technology. He has a distinguished history of creating differentiation and value across the physical retail, e-commerce, and mobile sectors. Pittman successfully founded, led as CEO, and exited two payment software companies, GO Software's PCCharge and TPI Software, both of which were acquired by major industry players, VeriFone and Hypercom (now Equinox), respectively. His deep expertise spans a broad range of payment technologies and standards, including POS, digital, mobile, smart card, PCI DSS, NFC, CVM, RKI, and the EMV technical standard originally developed by Europay, Mastercard, and Visa.
Tim Belvin
Bill Pittman
Tim Belvin
Retail Systems / Mobile / AdTech / AI
Tim Belvin is an experienced CTO and Former Microsoft Group Program Manager for global retail and payment solutions. Proven track record of driving innovation, scaling technology teams, and delivering impactful digital solutions. Expert at building and scaling robust, cost-effective technology ecos
Retail Systems / Mobile / AdTech / AI
Tim Belvin is an experienced CTO and Former Microsoft Group Program Manager for global retail and payment solutions. Proven track record of driving innovation, scaling technology teams, and delivering impactful digital solutions. Expert at building and scaling robust, cost-effective technology ecosystems, aligning technical strategy with business objectives and leading multinational product development. Experienced fractional CTO for Grove Capital clients bridging the gap between business strategy, product development and technical execution.
Expertise in mobile app development, retail POS, payments, AdTech, cyber security, cloud data, machine learning applications and AI.
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Connecting innovative companies with the right strategic and financial investors
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