Grover valuation, funding and investors

Grover works in technology device rental services, based in Wilmington, United States. Founded in 2015, it has about 311 employees.

Wilmington Bridge

VALUATION · TODAY

$391M −10% after Bridge

Range $88.6M – $1.34B · Grade D

TODAY

+12 MO

$500M

$1.00B

$1.50B

$2.00B

$2.50B

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

Seed $1.10M

Series A $43.2M

Series B $100M

Series C $330M

Bridge $54.7M

ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then

HEADCOUNT · TODAY311 employees

−3%6m growth

−5%1y growth

−26%2y growth

200

400

600

Data from Jan 2021

TODAY

Predicted in 1 yr $353M −10% vs today

Predicted next raise $137M if a round comes

Winding-down probability 59%

Last round: Bridge · $54.7M · Jul 2024
Valuation at last round: $1.00B
Headcount: 311 · flat
Grade: D
Founded: 2015

How VCMC values companies →

Grover valuation today

VCMC values Grover at $391M today, with a range of $88.6M to $1.3B and a grade of D. The valuation starts from its last funding round, a bridge round in Jul 2024.

Valuation by date (147 rows)

Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.

Grover: valuation by date, as the model would have shown it on each date
Date	Valuation	Range	Predicted in 1 yr	Phase	Headcount	Trend	Grade	Winding-down probability
1 Jan 2015	$5.13M	$1.87M – $14.1M	$5.38M (+5%)	before first round	–	unknown	D	0%
1 Feb 2015	$5.15M	$1.88M – $14.2M	$5.40M (+5%)	before first round	–	unknown	D	0%
1 Mar 2015	$5.17M	$1.88M – $14.2M	$5.42M (+5%)	before first round	–	unknown	D	0%
1 Apr 2015	$5.19M	$1.89M – $14.3M	$5.44M (+5%)	before first round	–	unknown	D	0%
1 May 2015	$5.21M	$1.90M – $14.3M	$5.46M (+5%)	before first round	–	unknown	D	0%
1 Jun 2015	$5.23M	$1.90M – $14.4M	$5.48M (+5%)	before first round	–	unknown	D	0%
1 Jul 2015	$5.25M	$1.91M – $14.4M	$5.50M (+5%)	before first round	–	unknown	D	0%
1 Aug 2015	$5.27M	$1.92M – $14.5M	$5.65M (+7%)	before first round	–	unknown	D	0%
1 Sep 2015	$5.29M	$1.93M – $14.5M	$5.80M (+10%)	before first round	–	unknown	D	0%
1 Oct 2015	$5.31M	$1.93M – $14.6M	$5.95M (+12%)	before first round	–	unknown	D	0%
1 Nov 2015	$4.40M	$2.89M – $13.4M	$8.79M (+100%)	after a round	–	unknown	C	0%
2 Nov 2015	$4.40M	$2.89M – $13.4M	$8.79M (+100%)	after a round	–	unknown	C	0%
1 Dec 2015	$4.65M	$2.89M – $13.4M	$8.79M (+89%)	after a round	–	unknown	C	0%
1 Jan 2016	$4.94M	$2.89M – $13.4M	$8.79M (+78%)	after a round	–	unknown	C	0%
1 Feb 2016	$5.23M	$2.89M – $13.4M	$8.79M (+68%)	after a round	–	unknown	C	0%
1 Mar 2016	$5.53M	$2.89M – $13.4M	$8.79M (+59%)	after a round	–	unknown	C	0%
1 Apr 2016	$5.87M	$2.89M – $13.4M	$8.79M (+50%)	after a round	–	unknown	C	0%
1 May 2016	$6.21M	$2.89M – $13.4M	$8.79M (+42%)	after a round	–	unknown	C	0%
1 Jun 2016	$6.59M	$2.89M – $13.4M	$8.79M (+33%)	after a round	–	unknown	C	0%
1 Jul 2016	$6.97M	$2.89M – $13.4M	$8.79M (+26%)	after a round	–	unknown	C	0%
1 Aug 2016	$7.39M	$2.89M – $13.4M	$8.79M (+19%)	after a round	–	unknown	C	0%
1 Sep 2016	$7.84M	$2.89M – $13.4M	$8.79M (+12%)	after a round	–	unknown	C	0%
1 Oct 2016	$8.30M	$2.89M – $13.4M	$8.79M (+6%)	after a round	–	unknown	C	0%
1 Nov 2016	$8.79M	$2.88M – $13.4M	$8.79M (0%)	after a round	–	unknown	C	0%
1 Dec 2016	$8.79M	$2.75M – $13.4M	$8.79M (0%)	after a round	–	unknown	C	0%
1 Jan 2017	$8.79M	$2.61M – $13.4M	$8.79M (0%)	after a round	–	unknown	C	0%
1 Feb 2017	$8.79M	$2.48M – $13.4M	$8.79M (0%)	after a round	–	unknown	C	0%
1 Mar 2017	$8.79M	$2.37M – $13.4M	$8.79M (0%)	after a round	–	unknown	C	0%
1 Apr 2017	$8.79M	$2.25M – $13.4M	$8.79M (0%)	after a round	–	unknown	C	0%
1 May 2017	$8.79M	$2.14M – $13.4M	$8.79M (0%)	after a round	–	unknown	C	0%
1 Jun 2017	$8.79M	$2.04M – $13.4M	$8.79M (0%)	after a round	–	unknown	C	0%
1 Jul 2017	$8.79M	$1.94M – $13.4M	$8.79M (0%)	after a round	–	unknown	C	0%
1 Aug 2017	$8.79M	$1.84M – $13.4M	$8.79M (0%)	after a round	–	unknown	C	0%
1 Sep 2017	$8.79M	$1.75M – $13.4M	$8.79M (0%)	after a round	–	unknown	D	0%
1 Oct 2017	$8.79M	$1.67M – $13.4M	$8.79M (0%)	after a round	–	unknown	D	0%
1 Nov 2017	$8.79M	$1.58M – $13.4M	$8.79M (0%)	after a round	–	unknown	D	0%
1 Dec 2017	$8.79M	$1.51M – $13.4M	$8.79M (0%)	after a round	–	unknown	D	0%
1 Jan 2018	$8.79M	$1.43M – $13.4M	$8.79M (0%)	after a round	–	unknown	D	0%
1 Feb 2018	$8.79M	$1.36M – $13.4M	$8.79M (0%)	after a round	–	unknown	D	0%
1 Mar 2018	$8.79M	$1.30M – $13.4M	$8.79M (0%)	after a round	–	unknown	D	0%
1 Apr 2018	$8.79M	$1.24M – $13.4M	$8.79M (0%)	after a round	–	unknown	D	0%
1 May 2018	$8.79M	$1.18M – $13.4M	$8.79M (0%)	after a round	–	unknown	D	0%
1 Jun 2018	$8.79M	$1.12M – $13.4M	$8.79M (0%)	after a round	–	unknown	D	0%
1 Jul 2018	$8.79M	$1.06M – $13.4M	$8.79M (0%)	after a round	–	unknown	D	0%
31 Jul 2018	$209M	$147M – $532M	$375M (+80%)	after a round	–	unknown	C	0%
1 Aug 2018	$209M	$147M – $532M	$375M (+79%)	after a round	–	unknown	C	0%
1 Sep 2018	$220M	$147M – $532M	$375M (+71%)	after a round	–	unknown	C	0%
1 Oct 2018	$230M	$147M – $532M	$375M (+63%)	after a round	–	unknown	C	0%
1 Nov 2018	$242M	$147M – $532M	$375M (+55%)	after a round	–	unknown	C	0%
1 Dec 2018	$254M	$147M – $532M	$375M (+47%)	after a round	–	unknown	C	0%
1 Jan 2019	$267M	$147M – $532M	$375M (+40%)	after a round	–	unknown	C	0%
1 Feb 2019	$281M	$147M – $532M	$375M (+33%)	after a round	–	unknown	C	0%
1 Mar 2019	$294M	$147M – $532M	$375M (+28%)	after a round	–	unknown	C	0%
1 Apr 2019	$309M	$147M – $532M	$375M (+21%)	after a round	–	unknown	C	0%
1 May 2019	$324M	$147M – $532M	$375M (+16%)	after a round	–	unknown	C	0%
1 Jun 2019	$341M	$147M – $532M	$375M (+10%)	after a round	–	unknown	C	0%
1 Jul 2019	$358M	$147M – $532M	$375M (+5%)	after a round	–	unknown	C	0%
1 Aug 2019	$375M	$146M – $532M	$375M (0%)	after a round	–	unknown	C	0%
1 Sep 2019	$375M	$139M – $532M	$375M (0%)	after a round	–	unknown	C	0%
1 Oct 2019	$375M	$132M – $532M	$375M (0%)	after a round	–	unknown	C	0%
1 Nov 2019	$375M	$126M – $532M	$375M (0%)	after a round	–	unknown	C	0%
1 Dec 2019	$375M	$120M – $532M	$375M (0%)	after a round	–	unknown	C	0%
1 Jan 2020	$375M	$114M – $532M	$375M (0%)	after a round	–	unknown	C	0%
1 Feb 2020	$375M	$108M – $532M	$375M (0%)	after a round	–	unknown	C	0%
1 Mar 2020	$375M	$103M – $532M	$375M (0%)	after a round	–	unknown	C	0%
1 Apr 2020	$375M	$98.0M – $532M	$375M (0%)	after a round	–	unknown	C	0%
1 May 2020	$375M	$93.3M – $532M	$375M (0%)	after a round	–	unknown	C	0%
1 Jun 2020	$375M	$88.7M – $532M	$375M (0%)	after a round	–	unknown	C	0%
1 Jul 2020	$375M	$84.4M – $532M	$375M (0%)	after a round	–	unknown	C	0%
1 Aug 2020	$375M	$80.2M – $532M	$375M (0%)	after a round	–	unknown	C	0%
1 Sep 2020	$375M	$76.2M – $532M	$375M (0%)	after a round	–	unknown	C	0%
1 Oct 2020	$375M	$72.6M – $532M	$375M (0%)	after a round	–	unknown	C	0%
1 Nov 2020	$375M	$69.0M – $532M	$375M (0%)	after a round	–	unknown	D	0%
1 Dec 2020	$375M	$65.6M – $532M	$375M (0%)	after a round	–	unknown	D	0%
1 Jan 2021	$375M	$62.4M – $532M	$375M (0%)	after a round	140	unknown	D	0%
1 Feb 2021	$375M	$59.3M – $532M	$375M (0%)	after a round	140	unknown	D	0%
1 Mar 2021	$375M	$56.6M – $532M	$375M (0%)	after a round	140	unknown	D	0%
1 Apr 2021	$375M	$53.8M – $532M	$350M (-7%)	after a round	140	flat	D	0%
1 May 2021	$375M	$51.2M – $532M	$348M (-7%)	after a round	140	flat	D	0%
1 Jun 2021	$375M	$48.7M – $532M	$345M (-8%)	after a round	140	flat	D	0%
1 Jul 2021	$375M	$46.3M – $532M	$342M (-9%)	after a round	140	flat	D	0%
29 Jul 2021	$715M	$503M – $1.5B	$1.1B (+50%)	after a round	140	flat	B	0%
1 Aug 2021	$717M	$503M – $1.5B	$1.1B (+49%)	after a round	140	flat	B	0%
1 Sep 2021	$742M	$503M – $1.5B	$1.1B (+44%)	after a round	140	flat	B	0%
1 Oct 2021	$767M	$503M – $1.5B	$1.1B (+40%)	after a round	140	flat	B	0%
1 Nov 2021	$794M	$503M – $1.5B	$1.1B (+35%)	after a round	140	flat	B	0%
1 Dec 2021	$821M	$503M – $1.5B	$1.1B (+30%)	after a round	140	flat	B	0%
1 Jan 2022	$934M	$627M – $1.9B	$1.3B (+43%)	after a round	380	growing	B	0%
1 Feb 2022	$985M	$627M – $1.9B	$1.3B (+35%)	after a round	380	growing	B	0%
1 Mar 2022	$1.0B	$627M – $1.9B	$1.3B (+29%)	after a round	380	growing	B	0%
1 Apr 2022	$1.1B	$627M – $1.9B	$1.3B (+22%)	after a round	380	growing	B	0%
8 Apr 2022	$1.0B	$869M – $1.5B	$1.3B (+30%)	after a round	380	growing	A	0%
1 May 2022	$1.0B	$869M – $1.5B	$1.3B (+28%)	after a round	380	growing	A	0%
1 Jun 2022	$1.0B	$869M – $1.5B	$1.3B (+25%)	after a round	380	growing	A	0%
1 Jul 2022	$1.1B	$869M – $1.5B	$1.3B (+22%)	after a round	380	growing	A	0%
1 Aug 2022	$1.1B	$869M – $1.5B	$1.3B (+20%)	after a round	380	growing	A	0%
1 Sep 2022	$1.1B	$869M – $1.5B	$1.3B (+17%)	after a round	380	growing	A	0%
1 Oct 2022	$1.1B	$869M – $1.5B	$1.3B (+14%)	after a round	380	growing	A	0%
1 Nov 2022	$1.2B	$869M – $1.5B	$1.3B (+12%)	after a round	380	unknown	A	0%
1 Dec 2022	$1.2B	$869M – $1.5B	$1.3B (+10%)	after a round	380	unknown	A	0%
1 Jan 2023	$1.3B	$869M – $1.6B	$1.4B (+9%)	after a round	500	up	B	0%
1 Feb 2023	$1.3B	$869M – $1.6B	$1.4B (+6%)	after a round	500	up	B	0%
1 Mar 2023	$1.3B	$869M – $1.6B	$1.4B (+3%)	after a round	500	up	B	0%
1 Apr 2023	$1.4B	$869M – $1.6B	$1.4B (+1%)	after a round	500	up	B	0%
1 May 2023	$1.4B	$865M – $1.6B	$1.4B (0%)	after a round	500	up	B	0%
1 Jun 2023	$1.4B	$860M – $1.6B	$1.4B (0%)	after a round	500	up	B	0%
1 Jul 2023	$1.4B	$855M – $1.6B	$1.4B (0%)	after a round	500	up	B	0%
1 Aug 2023	$1.4B	$745M – $1.6B	$1.4B (0%)	after a round	500	unknown	B	0%
1 Sep 2023	$1.4B	$715M – $1.6B	$1.4B (0%)	after a round	500	unknown	B	0%
1 Oct 2023	$1.4B	$687M – $1.6B	$1.4B (0%)	after a round	500	unknown	B	0%
1 Nov 2023	$1.4B	$659M – $1.6B	$1.4B (0%)	after a round	500	unknown	B	0%
1 Dec 2023	$1.4B	$633M – $1.6B	$1.4B (0%)	after a round	500	unknown	B	0%
1 Jan 2024	$1.4B	$608M – $1.6B	$1.4B (0%)	after a round	500	unknown	B	0%
1 Feb 2024	$1.0B	$548M – $1.4B	$882M (-16%)	after a round	450	down	B	53%
1 Mar 2024	$1.0B	$524M – $1.4B	$859M (-16%)	after a round	450	down	B	54%
1 Apr 2024	$1.0B	$499M – $1.4B	$848M (-17%)	after a round	450	down	B	54%
1 May 2024	$984M	$476M – $1.5B	$784M (-20%)	after a round	450	down	B	54%
1 Jun 2024	$970M	$452M – $1.5B	$767M (-21%)	after a round	450	down	B	54%
1 Jul 2024	$958M	$430M – $1.5B	$750M (-22%)	after a round	450	down	C	54%
1 Aug 2024	$957M	$403M – $1.5B	$757M (-21%)	after a round	420	flat	C	50%
1 Sep 2024	$971M	$383M – $1.5B	$774M (-20%)	after a round	420	flat	C	46%
1 Oct 2024	$986M	$364M – $1.5B	$791M (-20%)	after a round	420	flat	C	42%
1 Nov 2024	$777M	$341M – $1.4B	$551M (-29%)	after a round	390	down	C	71%
1 Dec 2024	$764M	$324M – $1.5B	$537M (-30%)	after a round	390	down	C	71%
1 Jan 2025	$750M	$308M – $1.5B	$523M (-30%)	after a round	390	down	C	71%
1 Feb 2025	$737M	$293M – $1.5B	$509M (-31%)	after a round	390	down	C	71%
1 Mar 2025	$725M	$280M – $1.5B	$497M (-31%)	after a round	390	down	C	71%
1 Apr 2025	$712M	$266M – $1.5B	$484M (-32%)	after a round	390	down	C	71%
1 May 2025	$644M	$253M – $1.5B	$446M (-31%)	after a round	390	down	C	71%
1 Jun 2025	$627M	$240M – $1.5B	$434M (-31%)	after a round	390	down	C	71%
1 Jul 2025	$452M	$221M – $1.5B	$283M (-37%)	after a round	334	down	C	97%
1 Aug 2025	$322M	$209M – $737M	$187M (-42%)	after a round	327	shrinking	C	97%
1 Sep 2025	$309M	$199M – $722M	$179M (-42%)	after a round	327	shrinking	C	97%
1 Oct 2025	$408M	$189M – $1.4B	$254M (-38%)	after a round	327	down	D	97%
1 Nov 2025	$392M	$179M – $1.4B	$244M (-38%)	after a round	317	down	D	97%
1 Dec 2025	$379M	$170M – $1.4B	$235M (-38%)	after a round	317	down	D	97%
1 Jan 2026	$367M	$162M – $1.4B	$227M (-38%)	after a round	317	down	D	97%
1 Feb 2026	$356M	$154M – $1.4B	$220M (-38%)	after a round	320	down	D	97%
1 Mar 2026	$346M	$147M – $1.4B	$219M (-37%)	after a round	320	down	D	97%
1 Apr 2026	$334M	$140M – $1.4B	$219M (-35%)	after a round	320	down	D	97%
1 May 2026	$298M	$132M – $1.4B	$217M (-27%)	after a round	312	down	D	97%
1 Jun 2026	$322M	$126M – $1.4B	$246M (-24%)	after a round	315	flat	D	89%
1 Jul 2026	$345M	$120M – $1.4B	$275M (-20%)	after a round	315	flat	D	82%
1 Aug 2026	$368M	$114M – $1.4B	$304M (-17%)	after a round	315	flat	D	76%
1 Sep 2026	$390M	$108M – $1.4B	$333M (-15%)	after a round	315	flat	D	70%
1 Oct 2026	$412M	$103M – $1.4B	$361M (-12%)	after a round	311	flat	D	64%
24 Oct 2026	$391M	$88.6M – $1.3B	$353M (-10%)	after a round	311	flat	D	59%

Key facts about Grover

Founded: 2015
Headquarters: Wilmington, United States
Employees: about 311 -2% in a year
Total raised: $1.53B
Funding rounds: 6
Last round: Bridge Jul 2024

Grover was founded in 2015 by Michael Cassau and Rob Straathof.

Grover funding history

Grover has 6 funding rounds on record, from Nov 2015 to Jul 2024, $1.53B in total. The latest disclosed valuation is $1.00B post-money (Series C, Apr 2022).

Bridge 18 Jul 2024
With Cool Japan Fund, Energy Impact Partners, Korelya Capital, Augmentum Fintech, Circularity Capital.
Sources: press.grover.com, eu-startups.com, theemergingvc.substack.com
$55M
Series C 7 Apr 2022
Led by Energy Impact Partners; with Co-Investor Partners, Korelya Capital, Mirae Asset-LG Electronics New Growth Fund, Viola Group, Assurant, coparion, Fasanara Capital, German Media Pool, Commerce & Ventures, Circularity Capital, LG, Mirae Asset Group.
Sources: press.grover.com, augmentum.vc, circularitycapital.com and 1 more
$330M
$1.00B post-money
Series B 28 Jul 2021
With JMS Capital-Everglen, Augmentum Fintech, coparion, Circularity Capital, Viola Group, Seedcamp, Samsung Next.
Sources: press.grover.com, investormeetcompany.com
$100M
Debt 28 Jul 2021no round page
Led by Fasanara Capital.
Sources: press.grover.com, ic-ce.com, augmentum.vc and 2 more
$1.00B
Series A 30 Jul 2018
Led by Circularity Capital; with coparion, Samsung NEXT, Varengold Bank, Commerzbank’s Main Incubator, June Fund.
Sources: finsmes.com
$43M
Seed 1 Nov 2015
With EnjoyVenture, neosfer.
$1.1M

Grover investors

24 investors have backed Grover; Circularity Capital, Energy Impact Partners and Fasanara Capital led at least one round.

Energy Impact Partners lead, 2 rounds
Assurant
Co-Investor Partners
Commerzbank’s Main Incubator
Cool Japan Fund
JMS Capital-Everglen
June Fund
LG
Mirae Asset Group
Mirae Asset-LG Electronics New Growth Fund
Samsung NEXT
Seedcamp
Varengold Bank

What Grover does

Grover works in electronics stores, with 15 recorded offerings and customers in consumer electronics.

Grover Tech, Inc. is a United States-based company engaged in technology rental services, offering flexible access to a broad range of electronics such as smartphones, tablets, computers, gaming consoles, wearables, cameras, TVs, audio equipment, and smart home devices. The company serves both individual consumers and businesses, providing subscription-based rental plans and short-term rentals, as well as device protection and repair services. Grover operates globally, with a presence in the United States, Austria, Germany, the Netherlands, and Spain, and maintains a network of partners and affiliates. The company emphasizes sustainability and the circular economy by renting new devices and implementing eco-friendly practices.

Description from Veridion's company data.

Products and services

Technology Device Rental Services
Electronics Subscription Rental Services
Short-Term Technology Rental Services
Long-Term Technology Rental Services
Device Protection Services
Technology Device Repair Services
Online Rental Management Platform Services
Eco-Friendly Technology Rental Services
Smart Home Device Rental Services
Gaming Console Rental Services
Wearable Device Rental Services
Camera and TV Rental Services
Audio Equipment Rental Services
Multi-Language Technology Rental Services
Student and Military Technology Rental Services

Markets

Consumer Electronics

Supply chain

Circular Supply Chains
Green Logistics
Global Sourcing
Supplier Collaboration

Business model

Business-to-Business
Business-to-Consumer
Service Provider
Subscription-Based

Industry codes (NAICS)

532210 Consumer Electronics and Appliances Rental 80% match
811210 Electronic and Precision Equipment Repair and Maintenance 20% match

Questions about Grover

What is Grover worth?

Valuation $391M (range $88.6M to $1.3B), as of 24 Oct 2026. The last disclosed valuation was $1.00B (Series C, Apr 2022).

Has Grover raised money?

Grover has 6 funding rounds on record, from Nov 2015 to Jul 2024, $1.53B in total. The latest disclosed valuation is $1.00B post-money (Series C, Apr 2022).

Who has invested in Grover?

Circularity Capital, Energy Impact Partners, Fasanara Capital, coparion, Augmentum Fintech and Korelya Capital, and 18 more. Lead investors include Circularity Capital, Energy Impact Partners and Fasanara Capital.

How many people work at Grover?

About 311, down 2% over the last year. Headcount rose from 140 in Jan 2021 to 500 in Jan 2023, then fell to 311 in Sep 2026.

What does Grover do?

Grover works in electronics stores, with 15 recorded offerings and customers in consumer electronics. Its main offerings are technology device rental services, electronics subscription rental services and short-term technology rental services.

When was Grover founded, and where is it based?

Grover was founded in 2015 and is based in Wilmington, United States. It has about 311 employees, down 2% over the last year.

How we value companies Report an issue

Grover valuation, funding and investors

Grover valuation today

Key facts about Grover

Grover funding history

Bridge 18 Jul 2024

Series C 7 Apr 2022

Series B 28 Jul 2021

Debt 28 Jul 2021no round page

Series A 30 Jul 2018

Seed 1 Nov 2015