Consumer Tech Subscription Startup Grover Valued at $1 Billion
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German startup Grover is raising $330 million in a mix of equity and debt financing to speed up the international expansion of its consumer technology subscription platform.
The equity investment of $110 million was led by Energy Impact Partners, while the $220 million in debt financing came from Fasanara Capital. Media funds German Media Pool and SevenVentures also participated in the round that valued Grover at more than $1 billion, according to a statement.