Funding round
Grover Seed
Grover, which works in technology device rental services in Wilmington, raised $1.1M in a Seed round announced on 1 Nov 2015. 2 firms took part. It is Grover's first venture round on record.
$1.1M
Amount raised
1,000,000 EUR converted
Not disclosed
Post-money valuation
2
Investors
no lead named
Valuation
What this round says about the price
Grover did not disclose a valuation in this round. It is Grover's first venture round on record, in the year it was founded (2015). It is under 1% of the $529M Grover has raised in the venture rounds on record. Grover raised again 32 months later: a Series A round of $43M in Jul 2018. Its next priced round, a Series C in Apr 2022, valued it at $1.00B.
Grover's funding rounds
Grover has 5 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
2 firms took part; no lead investor was named.
Investors
- backs 9 venture-backed companies new investor
- backs 11 venture-backed companies new investor
Comparable rounds
How it compares
The closest in time: 1 in Electronics Stores, then Seed rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Electronics Stores | 3 May 2016 | undisclosed | not disclosed | not named |
| Tech Companies | 16 Nov 2015 | $8.6M | not disclosed | not named |
| Warehousing & Storage | 12 Nov 2015 | $4.4M | not disclosed | Second Avenue Partners and SV Angel |
| Software Development Services | 5 Nov 2015 | $3.0M | not disclosed | Spark Capital |
| Data Solutions | 4 Nov 2015 | $3.0M | $100M | not named |
| Clinics - Surgeons & Physicians | 20 Nov 2015 | $2.9M | not disclosed | Collaborative Fund |
| Tech Companies | 6 Nov 2015 | $2.5M | $9.0M | not named |
| Tech Companies | 16 Nov 2015 | $2.5M | not disclosed | Octopus Investments |
Questions
Frequently asked
How much did Grover raise in its Seed round?
Grover raised $1.1M in its Seed round, announced in Nov 2015.
Which investors took part in Grover's Seed round?
EnjoyVenture and neosfer.
What was Grover's valuation at the Seed round?
It was not disclosed.
Did Grover raise again after this round?
Yes: a Series A round in Jul 2018 of $43M.