Grove Advisors

Financial ServicesSeries ASan Francisco, UShellogrove.com

Latest round

Series A

Last raised

May 2018

Total raised

$10M

Investors

12

About Grove Advisors

Grove Advisors LLC provides accessible online financial advice, aimed at empowering individuals with personalized financial guidance.Grove Advisors LLC, founded in 2015 and headquartered in San Francisco, US, specializes in online financial advisory services. Grove has completed three deals, with the most recent deal occurring on August 22, 2019, when it was acquired by Wealthfront Inc.Grove primarily offers online financial advice focused on making financial planning accessible and affordable. Their services include personalized financial guidance, targeting young professionals, families, and individuals seeking straightforward financial advice.Grove's revenue model is based on subscription services that provide users with tailored financial advice for a recurring fee. This direct-to-consumer approach allows clients to engage with the platform for ongoing financial support. Specific pricing details are undisclosed, but the emphasis on affordability suggests a competitive pricing strategy. While specific upcoming products and release dates are not detailed, the company is expected to focus on developing its technology-driven financial solutions. Following the acquisition by Wealthfront in August 2019, Grove will likely target new geographic regions for expansion, although specific markets have not been disclosed.

Who invested in Grove Advisors

12 investors across 2 rounds

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Funding rounds

  1. Series A

    May 7, 2018

    Amount

    $8M

    Investors

    Locked

  2. Seed

    Feb 9, 2018

    Amount

    $2.1M

    Investors

    Locked

Questions about Grove Advisors

Who invested in Grove Advisors?

Grove Advisors has 12 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.

How much funding has Grove Advisors raised?

Grove Advisors has raised 2 venture rounds. Sign up free to see how much each round raised and the total.

When did Grove Advisors last raise money?

Grove Advisors's most recent round on record is a Series A, in May 2018.

What does Grove Advisors do?

Grove Advisors LLC provides accessible online financial advice, aimed at empowering individuals with personalized financial guidance.

Where is Grove Advisors headquartered?

Grove Advisors is headquartered in San Francisco, US.

Which VCs invest in companies like Grove Advisors?

Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at Grove Advisors's stage. Their profiles are linked below.

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