About Grove Collaborative
Grove creates and curates high-performing, planet-first home, and personal care products.
Headquarters
Grove Collaborative, San Francisco
Founded
2012-01-01
Industry
Consumer Goods, E-Commerce, Internet, Manufacturing, Retail
Last Funding Type
Post Ipo Equity
Valuation
2
Total Funding
$621.50 million dollars
IPO Status
Public
Financial
Grove Collaborative refreshed its core brand Grove Co. and announced new sustainability goals, recommitting to moving the industry beyond plastic. The company also introduced a new badging system to deliver sustainability information to consumers. However, Grove Collaborative's full-year 2023 earnings report showed that EPS missed expectations, and analysts have become more bearish on the company's stock.
Grove Collaborative has set a target to avoid 15 million pounds of single-use plastic waste by 2030, reflecting their commitment to sustainability. The company has also announced new sustainability goals and recommitted to moving the industry beyond plastic. Additionally, Grove Collaborative has been vocal about its goal to be 100% plastic-free, though achieving this has proven more challenging than initially expected.
Grove Collaborative has set a target to avoid 15 million pounds of single-use plastic waste by 2030, reflecting their commitment to sustainability. The company has also announced new sustainability goals and recommitted to moving the industry beyond plastic. Additionally, Grove Collaborative has been vocal about its goal to be 100% plastic-free, though achieving this has proven more challenging than initially expected.
Funding Rounds
9
Number of Lead Investors
8
Total Funding Amount
$621.50 million dollars
Number of Investors
37