Grover receives 250 million US dollars
It was only in September that Grover launched its tech device lending platform in the US. Now the company has secured major funding for that market.
Grover has received $250 million for its US business. The money comes from London-based venture capital firm Fasanara Capital. "We are excited about the funding for the U.S. market, which will allow us to make circular economy accessible to more people," says Grover's Thomas Antonioli. The startup only expanded into the U.S. in September of this year, and since then demand in that market has been rising steeply.
Recently, the start-up has also partnered with Visa and Solarisbank. Together, they offer a Payback card. When customers go shopping with the Grover Card, they get three percent of their spending back. They can use the money to borrow technical equipment from Grover.
Grover was founded in 2015 by Michael Cassau and is based in Berlin. Through the start-up's platform, users can flexibly rent technical devices such as mobile phones and laptops. Grover also works with Mediamarkt and Saturn and is now also represented in Austria, Spain, the USA and the Netherlands.
Startups, stories and stats from the German startup ecosystem straight to your inbox. Subscribe with 2 clicks. Noice.LinkedIn Connect
Take care, give care
Did this news inform or entertain you? Then we would be happy if you tell your network about it.Share on Linkedin Share on Facebook Share on Xing
FYI: English edition available
Hello my friend, have you been stranded on the German edition of Startbase? At least your browser tells us, that you do not speak German - so maybe you would like to switch to the English edition instead?
FYI: Deutsche Edition verfügbar
Hallo mein Freund, du befindest dich auf der Englischen Edition der Startbase und laut deinem Browser sprichst du eigentlich auch Deutsch. Magst du die Sprache wechseln?