The Assurant and Samsung-backed consumer device rental service has secured $29m in a series B extension provided by unnamed backers.
Grover, a Germany-based technology product rental service backed by insurer Assurant and electronics manufacturer Samsung, has increased its series B round to about $100m having closed a $29m second tranche.
Undisclosed investors backed the equity part of the close, which additionally included $1bn in asset-based debt from asset manager Fasanara Capital.
The company had raised $71.4m in debt and equity financing in a series B round in April this year. JMS Capital-Everglen led the $53.5m equity portion, which was…
