Grove Ventures LP
Mata Hightech · adviser of record: Mata Hightech LTD · 2016 vintage
Grove Ventures LP is a 2016 venture fund managed by Mata Hightech, with $110mm raised (Form D, amount sold). It reported $194mm in gross assets at year-end 2025, 1.77x its size, against a peak of $238mm in 2022.
- Latest value held
- $194mm year-end 2025
- Peak
- $238mm year-end 2022
- Fund size
- $110mm Form D, amount sold
- Held vs. size
- 1.77x peak 2.17x
Value held by year-end
Gross asset value reported on Form ADV at each year-end. Dashed line: fund size. Open in the Fund Tracker
| Year-end | Gross assets | ÷ size | Change |
|---|---|---|---|
| 2025 | $194mm | 1.77x | -2% over 2 yrs |
| 2023 | $198mm | 1.80x | -17% |
| 2022 | $238mm | 2.17x | – |
Other funds from Mata Hightech
- Grove I AF SPV - Limited Partnership 2022
- Grove I AF SPV II Limited Partnership 2022
- Grove I NB SPV, Limited Partnership 2022
About these numbers
Gross asset value is what the manager reports holding in the fund at each fiscal year-end, on SEC Form ADV, Schedule D. It includes the GP’s own commitment and is before carried interest, so it is not the LPs’ net return, and it does not show cash already distributed. A fall in value can mean distributions, markdowns or both. Fund size is the amount sold reported on Form D, which for some funds reflects only a first close. Private fund ID 805-3940435797. Data updated October 13, 2026.
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