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Grover Raises €60 Million In Series B Funding To Take Consumer Tech Subscriptions Mainstream
04/13/21, 3:26 PM
Location
berlin
Money raised
€60 million
Round Type
series b
Grover, Europe's market leader in consumer tech subscriptions, today announces that it has secured €60 million in an oversubscribed Series B round. The funding will be used to increase market penetration, advance product innovation and accelerate international expansion in support of the company's ambitious goals of tripling its subscriptions by the end of the year, and driving an industry shift toward a more circular approach to consumer electronics. The funding round follows a strong year of growth in 2020, which saw the business increase by 2.5x as consumers flocked to the company's flexible rental service.
Company Info
Location
berlin, maryland, united states
Additional Info
Grover will use the fresh capital to accelerate growth and global expansion in new and existing markets. Grover founded by Michael Cassau in 2015 operates with the mission to create the most innovative ways for everyone to get the tech they want.
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