Samsung Next and Commerzbank’s Main Incubator vehicle reinvested as part of the $12m equity portion of a $44.7m debt and equity round.
Germany-based technology rental service Grover €41m ($44.7m) in debt and equity financing from investors including electronics manufacturer Samsung’s Next unit and financial services firm Commerzbank’s Main Incubator.
Fintech investment firm Augmentum led the $12m equity portion of the round with a $6.5m commitment. It was joined by the corporates as well as financial services firm Varengold Bank, Circularity Capital and Coparion.
Varengold also provided a $32.7m credit facility together with its contribution to the equity portion of the round.
Grover…
