Funding with debt: The story behind Grover’s borrowed $2.1 billion

Every week, we dig deeper into one of the biggest recent deals in European Tech. Today, we’re digging into Germany’s tech-rental platform Grover and the financing behind it.
Funding with debt: The story behind Grover’s borrowed $2.1 billion

Welcome to 'Big Deal', Tech.eu's weekly feature that takes a closer look at some of the most significant funding and exit deals in European Tech.

This week, we're putting “consumer-tech subscription platform” Grover under the microscope and aim to dissect the rationale not only behind what they have on offer, but how they’re going about financing it all.

Similar to my follow-up piece on Denmark’s Podimo and how they’re quietly taking on the giants when it comes to podcasting, if you’re outside of Germany, Austria, Spain, The Netherlands, or the United States, Grover might not quite be on your radar. And even so, as evidenced in Episode 8 of Tech.eu’s Drive at Five, even if you are living in The Netherlands, you might not (yet) have heard of Grover.

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