Grove Collaborative announces $150M fundraise
Gunderson Dettmer client Grove Collaborative, a human and environmental health conscious consumer goods company, has raised a $150 million Series D financing. The funding round was led by Lone Pine Capital, General Atlantic and Glynn Capital with participation from Greenspring Associates, Norwest Venture Partners, Mayfield Fund, NextView Ventures, MHS Capital and Heron Rock Capital.
In the announcement of the funding Andrew Ferrer, Managing Director at General Atlantic, said, “With its lens on the changing habits and preferences of consumers, Grove has grown more than six fold over just the past two years. We’ve been impressed by their ability to innovate while remaining true to their mission. We’re looking forward to what’s next.”
The Gunderson Dettmer deal team was led by Ivan Gaviria and included Maggie White and Lydia Galbreath.