About Rove
Rove is a company based in Miami (United States) founded in 2021. It operates as a Two-Sided Marketplace, and Managed Services. Rove has raised $4 million across 1 funding round from investors including Mercury, Zocdoc and Applovin. Rove offers products and services including Luxury Vacation Rentals and Property Management. Rove operates in a competitive market with competitors including Zumper, OnTheMarket, Apartments.com, HousingAnywhere and Dwellsy, among others.
- Headquarter Miami, United States
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Sectors
Real Estate & Construction
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Rove Ventures 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
$4 M (USD)
in 1 rounds
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Latest Funding Round
$4 M (USD), Seed
Jun 01, 2022
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Investors
Mercury
& 6 more
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Employee Count
Employee Count
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Products & Services of Rove
Rove offers a comprehensive portfolio of products and services, including Luxury Vacation Rentals and Property Management. 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.
Luxury furnished residences are offered for monthly rentals.
Property management services are provided for rental owners.
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Leadership Team
4 people
Sales and Marketing
2 people
Finance and Accounting
1 people
Operations Team
1 people
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Funding Insights of Rove
Rove has successfully raised a total of $4M through 1 strategic funding round. The most recent funding activity was a Seed round of $4 million completed in June 2022. 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 1
- Last Round Seed — $4.0M
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First Round
First Round
(01 Jun 2022)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Seed - Rove | Valuation | BloomTech , Lattice |
| 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 Rove
Rove has secured backing from 7 investors, including institutional investors. Prominent investors backing the company include Mercury, Zocdoc and Applovin. 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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Provider of AI-powered online coding bootcamps and career support
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Founded Year | Domain | Location | |
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Cloud-based performance management solutions are offered for employees.
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Founded Year | Domain | Location | |
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Healthcare appointments are booked online via Zocdoc's platform.
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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 Rove
| 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 - Rove
| 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 |
Rove Comparisons
Competitors of Rove
Rove 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 Zumper, OnTheMarket, Apartments.com, HousingAnywhere and Dwellsy, 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 |
Provider of a home rental listing platform for residential properties
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| domain | founded_year | HQ Location |
Online platform for listing residential properties is provided.
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| domain | founded_year | HQ Location |
Online platform for searching and listing rental apartments is operated.
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| domain | founded_year | HQ Location |
Online marketplace for booking accommodations
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| domain | founded_year | HQ Location |
Residential rental properties are listed and searched online by users.
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| domain | founded_year | HQ Location |
Apartments are searched, listed, and booked via an online platform.
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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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Frequently Asked Questions about Rove
When was Rove founded?
Rove was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Rove located?
Rove is headquartered in Miami, United States. It is registered at Miami, Florida, United States.
Is Rove a funded company?
Rove is a funded company, having raised a total of $4M across 1 funding round to date. The company's 1st funding round was a Seed of $4M, raised on Jun 01, 2022.
What does Rove do?
Luxury furnished residences are offered by Rove for monthly rentals with the quality of a 5-star hotel. Property management services are provided to owners in curated, desirable locations such as New York City, The Hamptons, South Florida, and Aspen. Modern living spaces, exceptional amenities, and premium customer service are ensured across all properties. Solutions include contactless check-inout, guest app support, and home cleanings for an elevated experience in the hospitality and real estate sectors.
Who are the top competitors of Rove?
Rove's top competitors include Zumper, OnTheMarket and Rentable.
What products or services does Rove offer?
Rove offers Luxury Vacation Rentals and Property Management.