# Growave

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/growave-pty

- Industry: Agribusiness
- Headquarters: Sydney, Australia
- Website: www.growave.ag
- Total disclosed funding: $1.1M
- Latest round: Seed (Sep 27, 2023)
- Investors on record: 4

## About

Growave Pty Ltd. is an Australian company that specializes in providing innovative digital marketing solutions designed to enhance user engagement and foster customer loyalty across various sectors.Growave Pty Ltd. offers a suite of digital marketing tools aimed at improving customer retention for businesses. Founded in Sydney, Australia, the company has successfully pivoted its strategies to cater to the evolving needs of the market. CEO Eldar Galiev leads the company, which has recently raised AUD 0.7 million in a Seed round from investors including AgFunder, Longview Innovation, and Tenacious Ventures, bringing the total amount raised to AUD 0.7 million. The company's current valuation stands at AUD 4.011 million.Growave AG specializes in providing innovative solutions that enhance user engagement and drive customer loyalty through its core product offerings in digital marketing and customer relationship management. Its flagship products include tools for social proof, customer reviews, loyalty programs, and rewards for both online and brick-and-mortar retail environments. These solutions cater to a diverse clientele, including small to medium-sized businesses in sectors such as e-commerce, hospitality, and retail, focusing on personalized customer experiences and addressing engagement challenges. Growave AG markets its services primarily in North America, Europe, and select regions in Asia.Growave AG operates on a subscription-based revenue model, offering tiered pricing plans that cater to varying levels of service and business needs. This model includes basic packages for startups as well as advanced solutions for established enterprises, allowing scalable integration of Growave’s tools. Revenue is generated through direct transactions between Growave AG and its clients, emphasizing B2B relationships. Pricing plans provide access to features such as customizable loyalty programs and review management tools, which drive revenue based on subscription numbers and add-on service uptake.In September 2023, Growave Pty Ltd. raised AUD 0.7 million in a Seed round of funding, which will support the development of new products designed to enhance its marketing tool suite. The company aims to expand its services into new markets, specifically targeting regions in Asia by 2024. This strategic move is in response to the increasing demand for sophisticated marketing technologies. The recent funding will be utilized to facilitate these product launches and market expansions.

## Funding rounds

- Seed, Sep 27, 2023, $0.5M — Longview Innovation, AgFunder, Tenacious Ventures
- Seed, Oct 4, 2019, $0.6M — Longview Innovation, Artesian

## Investors

- Longview Innovation (https://capitalatlas.ai/funds/longview-innovation) — Seed
- Artesian (https://capitalatlas.ai/funds/artesian) — Seed
- AgFunder (https://capitalatlas.ai/funds/agfunder) — Seed
- Tenacious Ventures (https://capitalatlas.ai/funds/tenacious-ventures) — Seed