Posted by Alumni from TechCrunch
April 7, 2022
A growing number of people are looking for ways to live more sustainably amid increasing concerns over the environment and what we humans keep doing to pollute it. Today, a startup called Grover that has built a business around one aspect of that ' enticing people to buy and eventually discard less consumer electronics such as phones, monitors and electric scooters by offering them attractive subscriptions to use their stock of new or used gadgets instead ' is announcing a big round of funding to expand its business. The Berlin-based company has raised $330 million ' specifically $110 million in equity and $220 million in debt ' money that it plans to use both to expand its stock of devices as it gears up for more user growth; but also build out more tools and financial services to personalize the experience for individuals, to encourage more business on its platform through schemes like loyalty programs in markets where it operates, and to drive deeper into big markets, such as the... learn more