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…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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