News

Grover raises $71M to grow its consumer electronics subscription business

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A startup tapping into the concept of the circular economy, where people don’t buy items outright but pay an incremental amount to use them temporarily, has raised some funding to scale its business in Europe and beyond. Grover, a Berlin-based startup that runs a subscription model where people can rent out consumer electronics like computers, smart phones, games consoles and scooters for set fees, has picked up €60 million ($71 million).

The funding is coming in the form of €45 million in equity and €15 million in venture debt.

https://techcrunch.com/2021/04/12/grover-raises-71m-to-grow-its-consumer-electronics-subscription-business/