Grover: Funding, Investors & Team (Sep 2026)
Grover is the global leader in technology rentals, enabling people and empowering businesses to subscribe to tech products monthly instead of buying them. Founded in 2015 by Michael Cassau, Grover’s mission is to make exceptional technology more accessible, because technology is a basic human right. With Grover and Grover Business, subscribers and companies get access to a wide range of over 8,000 tech products, including smartphones, laptops, virtual reality (VR) gear, wearables, and smart home appliances on a flexible, monthly rental basis. Once a product rental period has ended, Grover’s service allows its users to return the product free of charge. They can also decide to extend the product rental length or exchange the product for something else. Grover Business even takes care of the tech procurement and management process so that companies can stay focused on growth. Rentals are available in the U.S., Germany, Austria, the Netherlands and Spain at GROVER.COM, as well as in Germany through Grover’s online and offline partner network, including Europe’s leading electronics retail group, MediaMarktSaturn. Grover is a pioneer in the circular economy: Its business model of renting out and refurbishing tech products contributes to devices being used more frequently and for a longer period. This increases the potential to avoid e-waste. To date, Grover has circulated more than 1.2 million devices in total. With total funding of around €1.4 billion to date and over 400 employees, Grover is one of the fastest-growing scaleups in Europe. www.grover.com
Grover has raised $1.3B across 4 funding rounds on record, the most recent an undisclosed round of $54.6M announced in Jul 2024.
That round is above the $3.4M median round size for Commerce and Shopping companies tracked on FundedIQ over the last two years.
Grover Company Profile and Key Stats
Latest funding round on record: Jul 2024.
Grover Funding Rounds
Grover raised $53.8M in a Series B announced in Apr 2021.
3 months later, a Debt Financing of $999M was announced in Jul 2021.
9 months later, a Debt Financing of $220M was announced in Apr 2022.
2.3 years later, an undisclosed round of $54.6M was announced in Jul 2024.
Grover Founders and Leadership Team
Contact details for the Grover team: 1 of 1 has an email address on file.
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Grover's latest round of $54.6M is above the median round in Commerce and Shopping. Medians cover the last 24 months of disclosed rounds.
Funded Startups Like Grover in Commerce and Shopping and Berlin
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Grover Funding FAQs
What does Grover do?
Grover is the global leader in technology rentals, enabling people and empowering businesses to subscribe to tech products monthly instead of buying them. Founded in 2015 by Michael Cassau, Grover’s mission is to make exceptional technology more accessible, because technology is a basic human right. With Grover and Grover Business, subscribers and companies get access to a wide range of over 8,000 tech products, including smartphones, laptops, virtual reality (VR) gear, wearables, and smart home appliances on a flexible, monthly rental basis. Once a product rental period has ended, Grover’s service allows its users to return the product free of charge. They can also decide to extend the product rental length or exchange the product for something else. Grover Business even takes care of the tech procurement and management process so that companies can stay focused on growth. Rentals are available in the U.S., Germany, Austria, the Netherlands and Spain at GROVER.COM, as well as in Germany through Grover’s online and offline partner network, including Europe’s leading electronics retail group, MediaMarktSaturn. Grover is a pioneer in the circular economy: Its business model of renting out and refurbishing tech products contributes to devices being used more frequently and for a longer period. This increases the potential to avoid e-waste. To date, Grover has circulated more than 1.2 million devices in total. With total funding of around €1.4 billion to date and over 400 employees, Grover is one of the fastest-growing scaleups in Europe. www.grover.com
How much funding has Grover raised?
Grover has raised $1.3B across 4 rounds on record. The most recent is an undisclosed round of $54.6M announced in Jul 2024.
When did Grover last raise funding?
Grover's most recent funding round on record is an undisclosed round of $54.6M, announced in Jul 2024.
Who is the CEO of Grover?
Michael Cassau is listed as CEO at Grover.
Where is Grover headquartered?
Grover is based in Berlin, Germany.
How many employees does Grover have?
Grover is in the 251-500 employee band.
How does Grover's funding compare to other Commerce and Shopping startups?
Grover's latest round of $54.6M is above the $3.4M median round size for Commerce and Shopping companies on FundedIQ across 3,501 tracked companies over the last two years.
About FundedIQ's Grover Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Grover is left off this page rather than filled in.
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