grove Archives - SA国际传媒 News /tag/grove/ Data-driven reporting on private markets, startups, founders, and investors Fri, 06 Sep 2019 16:45:59 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.5 /wp-content/uploads/cb_news_favicon-150x150.png grove Archives - SA国际传媒 News /tag/grove/ 32 32 Grove Collaborative Reaches $1B Valuation With $150M Series D /startups/grove-collaborative-reaches-1b-valuation-with-150m-series-d/ Fri, 06 Sep 2019 08:00:08 +0000 http://news.crunchbase.com/?p=20310 raised $150 million in its Series D round, bringing its valuation across the $1 billion mark.

The company, which makes natural home and personal care products, had previously raised over , according to SA国际传媒.

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The new round was led by , , and A new investor, , as well as existing investors ,, , and also participated, according to a statement from the company.1

With the fresh cash, the San Francisco-based company plans to expand into clean beauty, create more sustainable packaging and products, and hire more than 100 new employees for its Grove Guide team, which answers customer questions and educates shoppers about the company鈥檚 natural products.

Grove Collaborative, which was founded in 2016, promotes its products as natural and healthier for users and better for the environment. It鈥檚 known for products like its 鈥渢ree free鈥 toilet paper made of a bamboo and sugar cane blend. Grove Collaborative has household, personal care, baby, and pet products.

The direct-to-consumer company also has a partnership with Mrs. Meyers Clean Day and sells Mrs. Meyers products on the Grove website. It competes with other e-commerce and natural products companies such as the (aka Jessica Alba鈥檚 natural goods company).

Grove Collaborative is growing quickly, expecting its revenue to triple in 2019. The company says it grew eight-fold between May 2017 and May 2019.

The company last raised . It raised , and , according to SA国际传媒.

also reported in December that the company was quietly raising money. Filings showed that the company was raising $27.4 million and $76.4 million in 2018, in addition to its Series C.

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  1. Disclosure: Mayfield is an investor in SA国际传媒, the parent company of SA国际传媒 News. SA国际传媒鈥檚 investors are listed as part of its SA国际传媒 profile. For more about SA国际传媒 News鈥檚 editorial policies on disclosure, see the News team鈥檚 About page.↩

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