Grovo Raises $5.5 Million In Series A
Grovo is a startup that helps train people on how to use top Internet tools and cloud services across 60-second videos. There are around 3,500 video lessons that cover over 100 Internet tools and cloud services. About 15 lessons are added per day.
Founded in 2010, Grovo is used by consumers, businesses, educators, and governments across 150 countries. Grovo has raised $5.5 million in Series A funding. Former eHarmony CEO and founding investor Greg Waldorf led this round and is joining the Grovo board of directors as chairman. Costanoa Venture Capital and SoftTech VC is also participating in this round.
Grovo will be using the funding to accelerate the company’s product development, marketing, sales, and capitalize on mobile interest.
“Grovo has Fortune 500 customers, international reach, and proprietary technology powering its efficient video production model,” stated Waldorf. “Some of the largest corporations in the world are finding Grovo from its consumer reach. What has me most excited is that this growth thus far has been organic and reminds me of several other successful companies I’ve worked with closely. I look forward to working with the team to accelerate our progress.”
Grovo was co-founded Jeff Fernandez, Surag Mungekar, and Nick Narodny. Grovo has delivered over one million video lessons and the average user sees over 10 lessons. The company has tripled their user base and has paying customers in 6 continents. Grovo’s library features over 3,500 video lessons.
“From Evernote, Dropbox, Facebook and Google Apps to Office 365, proliferation in the cloud is accelerating, not decelerating,” stated Grovo co-founder and chief executive officer Jeff Fernandez. “Professional development in the cloud is quickly becoming a requirement to advance your career. Grovo keeps up with the cloud’s pace of innovation and makes it easy for you to do the same. Before you realize there’s something you need to learn, Grovo lets you know with high quality, personalized video updates.”