In the latest development, Berlin-based Grover, a startup that enables people to subscribe to tech products monthly, has raised €41 million. The round is made up of €11 million from equity investors and €30 million in debt capital.
Raised €100M to date
The equity portion is led by Augmentum Fintech plc, with an investment of €6 million, and is supported by existing investors coparion, Circularity Capital, and Samsung Next. The debt portion of the round is a €30 million addition to an existing debt facility with Varengold Bank, one of Germany’s major banking partners for fintechs. With this funding round, the company has so far raised over €100 million to date.