Our Company

Grovo Announces Series B, Continues Exponential Growth

Written by Grovo

It is my pleasure to announce that Grovo has closed $15 million in Series B funding from our existing investors: Accel Partners, Costanoa Venture Capital, Greg Waldorf, and SoftTech VC. Our investors have been with us since since 2012 and have provided invaluable support and wisdom throughout our growth. I am also pleased to welcome Sameer Gandhi of Accel Partners onto Grovo’s Board of Directors.

This financing comes amid a period of phenomenal growth here at Grovo. Since the beginning of 2014, our revenue has grown exponentially, we’ve earned world-class clients, and our team has nearly quintupled (5x!) in size. Grovo’s platform, video content, and account management teams are helping more and more companies reclaim lost productivity every day. Internally, our office is electric—we’re a ferocious, fun team that achieves big results while working everyday to earn our title as the best place to work in New York City tech.

The Series B financing enables us at Grovo to maximize human performance more effectively and for more clients than ever before. In 2015, we are committed to building the best learning tool on the market by investing heavily in our engineering, product and content teams. Clients are already experiencing performance and security upgrades and wider content coverage. That said, we intend to continue leading the educational technology industry in R&D, and I couldn’t be more excited about the way we’re reimagining corporate training and tools to achieve unthinkable results.

To Grovo’s current clients and stakeholders, thank you for your continued support, commitment and mentorship. I could not be more proud of the organization that you’ve helped us create. As we continue to scale our company and our vision in 2015 and beyond, I’m confident that the best is yet to come.