Growve secures a majority equity investment led by Palm Beach Capital, aiming to expand operations in the health and wellness sector.
Jun 04, 2025•7 months ago
Investors
Tcw Private CreditNmp CapitalG Bar VenturesPalm Beach Capital
Description
Growve, a St. Petersburg-based health and wellness company, received a majority equity investment. Led by Palm Beach Capital with participation from G-Bar Ventures and NMP Capital, the funds will expand operations. Additionally, Growve closed on new debt financing from TCW Private Credit and NMP Capital to support growth
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers