About Grove
Grove is a company based in San Francisco (United States) founded in 2015 by Chris Doyle and Chris Hutchins was acquired by Wealthfront in August 2019. It operates as a Subscription Services. Grove has raised $10.1 million across 2 funding rounds from investors including Wealthfront, defy vc and Winklevoss Capital. The company has 17 employees as of December 31, 2022. Grove offers products and services including Financial Advice Platform. Grove operates in a competitive market with competitors including The Tifin Group, Ascensus, Learnvest, Farther and Pocketnest, among others.
- Headquarter San Francisco, United States
- Employees 17 as on 31 Dec, 2022
- Founders Chris Doyle, Chris Hutchins
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Sectors
Technology
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Grove Advisors Llc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$10.1 M (USD)
in 2 rounds
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Latest Funding Round
$8 M (USD), Series A
Jun 20, 2018
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Investors
Wealthfront
& 14 more
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Employee Count
17
as on Dec 31, 2022
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Acquired by
Wealthfront
(Aug 23, 2019)
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Products & Services of Grove
Grove offers a comprehensive portfolio of products and services, including Financial Advice Platform.
Financial advice was provided online to clients.
People of Grove
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Product Management Team
20 people
Software Development Team
20 people
Legal and Compliance
13 people
Operations Team
10 people
Human Resources and Administration
4 people
Finance and Accounting
4 people
Data Analysis and Operations Team
3 people
Leadership Team
2 people
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Funding Insights of Grove
Grove has successfully raised a total of $10.1M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $8 million completed in June 2018. 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.
Investors in Grove
Grove has secured backing from 15 investors, including venture fund and angel investors. Prominent investors backing the company include Wealthfront, defy vc and Winklevoss Capital.
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Early-stage venture capital investments are made in US geographies.
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Venture capital investments are managed by Winklevoss brothers' family office.
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Early-stage tech startups in regulated markets are funded by TVP.
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Investor details for Grove
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Grove
Investment portfolio details for Grove
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Grove
Detailed financials for Grove
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
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Grove Comparisons
Peer comparison for Grove
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
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Competitors of Grove
Grove 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 The Tifin Group, Ascensus, Learnvest, Farther and Pocketnest, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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AI-enabled financial planning and advisory solutions are provided for individuals.
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Retirement, health, and college savings services are administered nationwide.
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Personal finance management and investment advise
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App-based financial planning and management platform for individuals
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An app-based platform is provided for individual wealth management.
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Financial planning and advisory platform
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Detailed competitors of Grove
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Latest news on Grove
Complete news archive for Grove
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Frequently Asked Questions about Grove
Grove was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Grove is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Chris Hutchins is the current CEO of Grove. They have also founded this company.
Grove is a funded company, having raised a total of $10.1M across 2 funding rounds to date.
As of Dec 31, 2022, the latest employee count at Grove is 17.
Financial advice was offered by Grove through an online platform to make it accessible and affordable. The company aimed to reduce financial stress for Americans by providing honest guidance. Services have been discontinued as the team joins Wealthfront to focus on technology and automation for broader impact in financial optimization.
Grove's top competitors include The Tifin Group, Ascensus and Farther.
Grove offers Financial Advice Platform.
Grove has 15 investors. Key investors include Wealthfront, defy vc, Winklevoss Capital, Kevin Durant, and Patrick Kearny.