Funding round
Grover Bridge
Grover, which works in technology device rental services in Wilmington, raised $55M in a Bridge round announced on 18 Jul 2024. 5 firms took part. It is Grover's fifth venture round on record; the one before was a Series C in Apr 2022.
$55M
Amount raised
50,000,000 EUR converted
Not disclosed
Post-money valuation
5
Investors
no lead named
Valuation
What this round says about the price
Grover did not disclose a valuation in this round; its last disclosed one was $1.00B at the Series C (Apr 2022). It came 27 months after Grover's Series C. It is 10% of the $529M Grover has raised in the venture rounds on record. No later venture round is on record for Grover.
Grover's funding rounds
Grover has 5 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
5 firms took part; no lead investor was named.
Investors
- Cool Japan Fund new investor
- Energy Impact Partners backs 99 venture-backed companies new investor
- backs 25 venture-backed companies new investor
- backs 18 venture-backed companies new investor
- backs 7 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations and working capital.
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Bridge rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 16 Jul 2024 | $35M | not disclosed | Vsquared and Molten Ventures |
| Payment Processing & Point of Sale | 18 Jul 2024 | $5.0M | not disclosed | not named |
| Biotechnology | 11 Jul 2024 | $4.6M | not disclosed | not named |
| Tech Companies | 17 Jul 2024 | $2.8M | not disclosed | Pruven Capital and Fin Capital |
| Biotechnology | 23 Jul 2024 | $571K | not disclosed | not named |
| Digital & Marketing Agencies | 22 Jul 2024 | undisclosed | $2.5M | Alesta Yatırım |
| Pharmaceutical Products | 18 Jun 2024 | $50M | not disclosed | Mubadala Capital and Exor Ventures |
| Farm Equipment | 11 Jun 2024 | $4.6M | not disclosed | not named |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Grover raise in its Bridge round?
Grover raised $55M in its Bridge round, announced in Jul 2024.
Which investors took part in Grover's Bridge round?
Cool Japan Fund, Energy Impact Partners, Korelya Capital, Augmentum Fintech and Circularity Capital.
What was Grover's valuation at the Bridge round?
It was not disclosed; its last disclosed one was $1.00B at the Series C (Apr 2022).