Grover Germany
Latest round
- Series C
Last raised
- Apr 2022
Total raised
- $179M
Investors
- 23
About Grover Germany
Based in Berlin, Germany, and founded in 2015 by Michael Cassau, Grover Germany GmbH provides a rental platform for electronics. Grover Germany GmbH's platform enables customers to subscribe to tech products monthly instead of buying them. The company offers a wide range of over 3,000 tech products, including smartphones, laptops, virtual reality (VR) gear, wearables, and smart home appliances on a flexible monthly rental basis. At the end of the original subscription period, the company allows the customer to either buy the product, send it back, or continue on a month-to-month basis. The company refurbishes the returned products to an ‘as new’ condition and recirculates them. When the product reaches the end of its life, Grover’s circular supply chain ensures the materials are reused or recycled.90 per month. As of April 2021, the company generated net revenues of about USD 43 million, with USD 71 million in annual recurring revenue. The company plans to focus on product development, customer acquisition, and international expansion.S. and to include more product categories, including health and fitness devices, consumer robots, and smart appliances.
Who invested in Grover Germany
23 investors across 5 rounds
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Questions about Grover Germany
Who invested in Grover Germany?
Grover Germany has 23 investors on record across 5 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Grover Germany raised?
Grover Germany has raised 5 venture rounds. Sign up free to see how much each round raised and the total.
When did Grover Germany last raise money?
Grover Germany's most recent round on record is a Series C, in Apr 2022.
What does Grover Germany do?
Based in Berlin, Germany, and founded in 2015 by Michael Cassau, Grover Germany GmbH provides a rental platform for electronics.
Where is Grover Germany headquartered?
Grover Germany is headquartered in Berlin, Germany.
Which VCs invest in companies like Grover Germany?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Generation Investment Management back consumer products companies at Grover Germany's stage. Their profiles are linked below.
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