Edtech Startup Grovo Raises $11.3 Million
Grovo announced the close of $11.3 million in financing from an undisclosed investor.
Grovo plans to reimagine on-the-job learning for enterprises. A pioneer in the “micro-learning” movement, it combines an elegant training platform with engaging 90-second video lessons, strong tracking, and an advisory service to help customers align learning strategy to their business goals. The company’s goal is to empower employees to make a lasting impact on their organizations by providing a curated curriculum that helps them quickly master everything from cloud applications to management techniques.
Founded in 2010 by Nick Narodny, Surag Mungekar, and Jeff Fernandez, Grovo has delivered more than 17 million “learning moments” at organizations in 190 countries, including such companies as Chevron, Capital One, WeWork, The Ritz-Carlton Company, and DDB. The company has received recognition as a “Best Place to Work” by Fortune Magazine, Entrepreneur Magazine, Crain’s, and Internet Week.
The company had previously raised $40 million in Series C funding, led by Accel with participation from Costanoa Venture Capital, SoftTech VC, Greg Waldorf and Vayner Capital.