Grove Collaborative went public via a SPAC merger with Virgin Group Acquisition II in a $1.5bn deal.

Grove Collaborative, a sustainable consumer products company, went public via a SPAC merger with Virgin Group Acquisition II in a $1.5bn deal. The investors included Lone Pine Capital, Sculptor Capital Management, General Atlantic and Paul Polman. “In going public, we sought a partner that shares our passion for using business to answer the urgent environmental crisis, and that accelerates our vision to make consumer products a positive force in human and environmental health,” Stuart Landesberg, Grove Co-Founder and CEO.