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Grover (company)

Grover (company)

A company with an e-commerce website for renting digital devices instead of buying them. It was founded in 2015 and is located in Berlin, Germany.

Company

Grover is a Berlin-based subscription-based platform that is specifically designed for the rental of technology devices. It has partnerships with digital device distributors such as MediaMarktSaturn, Gravis, Conrad and Tchibo.

Product

Users can sign up on the Grover platform as either a private customer or a business customer. After logging in, users can search for technological devices to rent. Some examples of devices that are offered on the platform include an Apple MacBook Air, Nintendo Switch Lite, Samsung Galaxy Phone, LG television, and DJI Mavic 2 Pro (drone). Users can choose to rent the item for a specific period of time, such as three or six months. The provider of the product may also have a minimum month rental, such as a 12 month minimum. Users have the choice to keep renting, return the product, or buy the product at the end of the rental agreement.

The platform is also available in some electronics retailers in Germany. It follows the same concept of allowing users to rent the electronic instead of buying it.

Timeline

July 29, 2021
Grover raises a $29,000,000 series B round.
April 13, 2021
Grover raises a $71,800,000 series B round.
July 2018
Grover raises a $43,000,000 series A round from Circularity Capital, Commerzbank, Coparion, June Fund, Main Incubator, Samsung NEXT and Varengold Bank.

Funding rounds

Patents

Further Resources

Title
Author
Link
Type
Date

Berlin-based electronics subscription service Grover closes €41 million in pre-Series B funding

Mary Loritz

Web

October 1, 2019

Grover - Zero Gravity (Official)

Web

February 17, 2020

Grover tops up debt facility to €250M to scale its renting model for consumer electronics

Steve O'Hear

Web

January 15, 2020

News

Title
Author
Date
Publisher
Description
Dan Taylor
April 13, 2021
Tech.eu
Berlin-based consumer tech-subscription service Grover has raised €60 million in an oversubscribed Series B round. The round was led by JMS Capital-Everglen and saw participation from Viola Fintech, Assurant Ventures, Augmentum Fintech, Circularity Capital, Seedcamp, Samsung Next, and a number of unnamed founders and angel investors. The €60 million is comprised of €45 million in [...]
FinSMEs
April 13, 2021
FinSMEs
About | Advertise | Contact | Disclaimer | News | The Daily Deal Newsletter FinSMEs.com by FinSMEs is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Ingrid Lunden
April 13, 2021
TechCrunch
A startup tapping into the concept of the circular economy, where people don't buy items outright but pay an incremental amount to use them temporarily, has raised some funding to scale its business in Europe and beyond. Grover, a Berlin-based startup that runs a subscription model where people can rent out consumer electronics like computers, [...]
Ingrid Lunden
April 13, 2021
TechCrunch
A startup tapping into the concept of the circular economy, where people don't buy items outright but pay an incremental amount to use them temporarily, has raised some funding to scale its business in Europe and beyond. Grover, a Berlin-based startup that runs a subscription model where people can rent out consumer electronics like computers, [...]
Maija Palmer
December 10, 2020
Sifted
As mobile phone prices skyrocket, younger customers are priced out. Samsung is solving the problem by embracing Grover's rental model.
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References

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