The electronics subscription service received $110m in equity and $220m in debt financing from a consortium including Assurant, SevenVentures and Mirae Asset-LG Electronics New Growth Fund.
Germany-based electronics rental service Grover received $330m in debt and series C equity financing from investors including insurance provider Assurant, media company ProSiebenSat.1 and electronics manufacturer LG today.
The $110m equity portion of the round was led by Energy Impact Partners and also featured German Media Pool, the ad-for-equity vehicle formed by several domestic media companies, as well as Co-Investors Partners, Korelya Capital, Viola Fintech and Coparion.
Grover was valued at over $1bn in the equity portion while ProSiebenSat.1 and…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
