About Groma
Groma is a company based in Boston (United States) founded in 2020 by Grant Fishman and Angelo Drake. It operates as a Direct-to-Consumer (D2C), and Brokerage / Intermediation. Groma has raised $49.29 million across 2 funding rounds from investors including Castle Island Ventures, Bantam Group and Echelon. Groma offers products and services including Rental Properties and Investment Opportunities. Groma operates in a competitive market with competitors including Parcl, SuperWorld, HomeVest and Ouse Token, among others.
- Headquarter Boston, United States
- Founders Grant Fishman, Angelo Drake
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Gromacorp, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$49.29 M (USD)
in 2 rounds
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Latest Funding Round
$29.29 M (USD), Series A
Apr 27, 2023
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Investors
Castle Island Ventures
& 4 more
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Employee Count
Employee Count
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Products & Services of Groma
Groma offers a comprehensive portfolio of products and services, including Rental Properties and Investment Opportunities. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Rental properties are offered for modern urban living.
Investment in property ecosystems is facilitated for investors.
Unlock access to complete
Funding Insights of Groma
Groma has successfully raised a total of $49.29M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $29.29 million completed in April 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $29.3M
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First Round
First Round
(30 Jan 2023)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Series A - Groma | Valuation |
investors |
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| Jan, 2023 | Amount | Series A - Groma | Valuation | Castle Island Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Groma
Groma has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Castle Island Ventures, Bantam Group and Echelon. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital fund focused on blockchain and cryptocurrency companies
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Founded Year | Domain | Location | |
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Early stage VC firm funding companies in the US
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Founded Year | Domain | Location | |
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Early-stage investments and community support are provided by Echelon.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Groma
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Groma
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Groma Comparisons
Competitors of Groma
Groma operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Parcl, SuperWorld, HomeVest and Ouse Token, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Blockchain-based platform for real estate price exposure is offered.
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| domain | founded_year | HQ Location |
Virtual real estate and digital assets investment platform
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| domain | founded_year | HQ Location |
Shares in individual rental homes are offered for investment.
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| domain | founded_year | HQ Location |
Offers online brokerage services for virtual land transactions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Groma
Frequently Asked Questions about Groma
When was Groma founded?
Groma was founded in 2020 and raised its 1st funding round 3 years after it was founded.
Where is Groma located?
Groma is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Groma a funded company?
Groma is a funded company, having raised a total of $49.29M across 2 funding rounds to date. The company's 1st funding round was a Series A of $20M, raised on Jan 30, 2023.
What does Groma do?
Groma is involved in leveraging technology to enhance the performance of multifamily properties for residents and investors. The company operates primarily in the Greater Boston area with plans for expansion to other cities. Solutions are provided for modern urban living through rental properties and investment opportunities in a growing property ecosystem. Focus is placed on making real estate more accessible and efficient for all stakeholders.
Who are the top competitors of Groma?
Groma's top competitors include Parcl, SuperWorld and HomeVest.
What products or services does Groma offer?
Groma offers Rental Properties and Investment Opportunities.
Who are Groma's investors?
Groma has 5 investors. Key investors include Castle Island Ventures, Bantam Group, Echelon, Launchpad Venture Group, and Osbon Capital.