Grow.com Raises $16 Million Series B

Grow.com, a reporting and analytics dashboard solution, today announced that it has closed a $16 million Series B round, led by Toba Capital. Other investors include Peterson Ventures, Pelion Venture Partners, the Kickstart Seed Fund, and HubSpot.

Rob Nelson launched Grow in 2014 with the goal of empowering data-driven leadership by simplifying reporting and analytics. Although cost and complexity have put some business intelligence products out of reach for many small to mid-sized companies, Grow is specifically designed with small businesses in mind. The company empowers SMBs to accelerate growth by aligning team objectives and inspiring strategic decisions. With increased data visibility, Grow seeks to help leaders gain unique insights, make data-driven decisions with confidence, and help their businesses reach their full potential.

The Series B investment will help to fuel the company’s growth by expanding sales and marketing efforts, as well as creating new features within the app.