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Announced

Completed

G2 Venture Partners led the $78m Series D round in Trove.

Financials

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Transaction Value£56m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Cross Border

Friendly

Private Equity

Private

Completed

circular shopping

Single Bidder

United States

Environmental Consulting

Minority

Venture Capital

Synopsis

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G2 Venture Partners, a venture and growth firm, led the $78m Series D round in Trove, a company operating in branded recommerce powering circular shopping. Other investors included Bank of Montreal, Capital One Ventures, Commerce Ventures, Wellington Management and all of Trove’s existing board investors. “We’re thrilled to join forces with this group of prestigious investors to accelerate our expansion efforts and enable more brands and retailers to build successful resale channels that help them deepen their relationships with customers and reduce their environmental impact," Andy Ruben, Trove CEO.

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