About Grovo
Grovo is a company based in New York (United States) founded in 2010 was acquired by Cornerstone in November 2018.. Grovo has raised $73.34 million across 5 funding rounds from investors including Cornerstone, Accel and Vayner/RSE. The company has 62 employees as of December 31, 2017. Grovo operates in a competitive market with competitors including Gnowbe, MobieTrain, RapL, Code Of Talent and ArcLab, among others.
- Headquarter New York, United States
- Employees 62 as on 31 Dec, 2017
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Grovo Learning, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$73.34 M (USD)
in 5 rounds
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Latest Funding Round
$11.31 M (USD), Series C
Jul 21, 2017
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Investors
Cornerstone
& 4 more
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Employee Count
62
as on Dec 31, 2017
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Acquired by
Cornerstone
(Nov 07, 2018)
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Funding Insights of Grovo
Grovo has successfully raised a total of $73.34M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $11.31 million completed in July 2017. 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 5
- Last Round Series C — $11.3M
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First Round
First Round
(01 Sep 2011)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2017 | Amount | Series C - Grovo | Valuation |
investors |
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| Jan, 2016 | Amount | Series C - Grovo | Valuation | Accel | |
| Feb, 2015 | Amount | Series B - Grovo | Valuation |
investors |
| 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 Grovo
Grovo has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Cornerstone, Accel and Vayner/RSE. 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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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Tech VC firm investing in early stage companies in the US
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Founded Year | Domain | Location | |
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Venture capital is invested in multiple sectors by Uncork Capital.
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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 Grovo
| 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 - Grovo
| 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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Grovo Comparisons
Competitors of Grovo
Grovo 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 Gnowbe, MobieTrain, RapL, Code Of Talent and ArcLab, 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.
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Latest news on Grovo
Frequently Asked Questions about Grovo
When was Grovo founded?
Grovo was founded in 2010 and raised its 1st funding round 1 year after it was founded.
Where is Grovo located?
Grovo is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Grovo a funded company?
Grovo is a funded company, having raised a total of $73.34M across 5 funding rounds to date. The company's 1st funding round was a Series B of $15M, raised on Sep 01, 2011.
How many employees does Grovo have?
As of Dec 31, 2017, the latest employee count at Grovo is 62.
What does Grovo do?
Grovo was founded in 2010 in New York, United States, within the edtech sector. A SaaS-based learning management system is operated for corporate training, universities, and enterprises. Services encompass testing, tracking, reporting, gamification, instructor-led training, API integrations, web conferencing, and certification. Over 5000 microlearning videos, each around 60 seconds, have been developed using proprietary software. Clients including Pitney Bowes, Wells Fargo, and Chevron are supported across more than 190 countries.
Who are the top competitors of Grovo?
Grovo's top competitors include Gnowbe, MobieTrain and RapL.
Who are Grovo's investors?
Grovo has 5 investors. Key investors include Cornerstone, Accel, Vayner/RSE, Costanoa Venture, and Uncork Capital.
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