Grovo
| Founded | October 1, 2010 |
|---|---|
| Area served | Global |
| CEO | Jeff Fernandez |
| Industry | learning technology |
| Website | www |
Grovo is a New York City-based technology company that provides a SaaS learning platform to improve and advance employee and organizational performance.
Grovo was founded in 2010 by co-founders Jeff Fernandez, Nick Narodny, and Surag Mungekar. Originally, it was a consumer-focused company delivering video training for digital skills. Grovo shifted to a B2B SaaS model in early 2013 and focused on developing its microlearning platform, aiming to provide everything employees need to learn to do their best work.
Grovo provides companies with a software-as-a-service learning platform. Grovo refers to their approach as microlearning – 144-second video and audio lessons interspersed with short quizzes and practice assignments. Grovo's microlearning library covers topics including digital skills, soft skills, management training, and HR/compliance training. Trainers and managers have access to a dashboard with learning management system tools and training analytics, as well as a client service team that aligns learning strategy to business goals.
In May 2011 Grovo announced that it had closed its seed funding from Krishna "Kittu" Kolluri, general partner at New Enterprise Associates; Andy Dunn, CEO and Founder of Bonobos; Mareza Larizadeh of Larizadeh Capital Partners; and, others.
On July 17, 2013, Grovo announced a $5.5 million Series A round of venture capital funding. Greg Waldorf, CEO-in-residence at Accel Partners and founding investor and former CEO of e-Harmony, led the financing, which also included Jeff Clavier of SoftTech VC, Greg Sands of Costanoa Venture Capital, and Andy Dunn of Red Swan Ventures. Greg Waldorf joined the Board of Directors.
On February 18, 2015, Grovo announced a $15 million Series B round from existing investors Accel Partners, Costanoa Venture Capital, Greg Waldorf and SoftTech VC. The round closed on August 8, 2014. Accel's Sameer Gandhi joined Grovo's Board of Directors, along with Kirk Bowman.
On January, 2016, Grovo announced a $40 million Series C round led by Accel Partners with additional funding from previous backers Costanoa Venture Capital, SoftTech VC and Greg Waldorf, plus new investor Vayner Capital. To date, Grovo has raised a total of $65 million.
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