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Synopsis
ProSiebenSat-backed SevenVentures, a private equity firm, and Energy Impact Partners, an investment firm, led a $330m Series C round in Grover, a consumer-tech subscription platform, with participation from Co-Investor Partners, Korelya Capital, Mirae Asset, Viola Fintech, Assurant, coparion and Circularity Capital. "The continued collaboration underscores that, as a leading TV media investor, we believe in Grover's strategy to serve consumers' growing demand for flexible, affordable and sustainable options to use technology. Grover's rapid growth and increased brand awareness demonstrate the value our investment unit brings to consumer-focused growth companies and how they can achieve sustainable success through individually tailored investments in the form of media performance. As SevenVentures, we place particular value on partnership-based support for our investments and close cooperation with their management teams," Florian Hirschberger, SevenVentures CEO.
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