Growve, a leader in the health and wellness industry, announced that it has secured a majority equity investment led by Palm Beach Capital (PBC), with participation from G-Bar Ventures and NMP Capital. In connection with the deal, Growve also closed on new debt financing from TCW Private Credit and NMP Capital to support its continued growth and strategic initiatives.
Growve works as a $400+ million revenue health and wellness company specializing in vitamins, minerals, supplements (VMS), and active nutrition. With a portfolio of over 2,000 SKUs, 15+ owned brands, and a global team of 500+ employees, Growve boasts leadership in numerous wellness categories, e-commerce capabilities, multi-channel distribution, and in-house manufacturing and logistics.
Advisor/counsel: Growve engaged Configure Partners as its financing advisor and Greenberg Traurig as legal counsel.
KEY QUOTES:
“We are thrilled to partner with Palm Beach Capital, G-Bar Ventures, TCW, and NMP Capital as we enter our next phase of growth. This investment is a strong vote of confidence in our team, our brands, and the future we’re building together and sets us up for continued industry leading growth.”
Dave Bunch, CEO of Growve
“Growve has firmly established itself as a dynamic leader in VMS and active nutrition, with strong market positions in categories such as joint health, omega-3s, women’s hormonal balance, herbals, and more. We’re excited to support their vision and collaborate closely with Dave and the Growve team to scale this exceptional platform.”
Dylan Sloane, Director at Palm Beach Capital
