Grovo - About the company
Grovo is an acquired company based in New York City (United States), founded in 2010 by Nick Narodny. It operates as a Corporate Learning Management System (LMS). Grovo has raised $97.3M in funding from Accel. The company has 111 active competitors, including 15 funded and 5 that have exited. Its top competitors include companies like 5 Mins AI, RapL and Practice.
Company Details
Grovo provides SaaS-based LMS for employee training through testing, tracking, reporting, gamification, ILT, API, web conferencing and certification for SMB, universities, and enterprises. Grovo specializes in 60 sec microlearning videos and has published 5000+ videos from its proprietary software. Some of the prominent customers include Pitney Bowes, Wells Fargo, Chevron etc including users over 190 countries. Internet week named Grovo "The best place to work in new york city tech."
- Website
- grovo.com
Key Metrics
Founded Year
2010
Location
New York City, United States
Stage
Acquired
Total Funding
$97.3M in 5 rounds
Latest Funding Round
Ranked
3rd among 111 active competitors
Employee Count
23 as on Jul 31, 2026
Exit Details
Acquired by Cornerstone (Nov 07, 2018)
Legal entities associated with Grovo
Grovo is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
GROVO LEARNING, INC. CIN: 273056493 , United States, Active | Dec 31, 1999 | - | 62 (As on Dec 31, 2017) | - |
Grovo's acquisition details
Grovo got acquired by Cornerstone on Nov 07, 2018 at an acquisition amount of $*****.
Click here to take a look at Grovo's acquisition in detail
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Grovo's funding and investors
Grovo has raised a total funding of $97.3M over 5 rounds. Its first funding round was on Sep 01, 2011. Grovo has 16 institutional investors and 4 angel investors.
Here is the list of recent funding rounds of Grovo:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 21, 2017 | 8259440 | Series C | 7875880 | 1805469 | 4291436 | 1573516 |
Jan 26, 2016 | 7691102 | Series C | 8160759 | 6085921 | 5354199 | |
Feb 18, 2015 | 2475421 | Series B | 5654384 | 6206729 | 6682703 |
View details of Grovo's funding rounds and investors
Grovo's founders and board of directors
Founder? Claim ProfileThe founders of Grovo is Nick Narodny. Himanshu Palsule is the CEO of Grovo.
Here are the details of Grovo's key team members:
- Nick Narodny: Former Co-Founder of Grovo.
- Himanshu Palsule: CEO of Grovo. Contact Info: 3 email addresses
View details of Grovo's Founder profiles and Board Members
Grovo's employee count trend
Grovo has 23 employees as of Jul 26. Here is Grovo's employee count trend over the years:
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Grovo's Competitors and alternates
Top competitors of Grovo include 5 Mins AI, RapL and Practice. Here is the list of Top 10 competitors of Grovo, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | 5 Mins AI 2021, London (United Kingdom), Seed | Cloud-based LMS platform for enterprises | $6.98M | 57/100 | |
2nd | Provider of AI-powered microlearning solutions for employee training | $2.62M | 56/100 | ||
3rd | Grovo 2010, New York City (United States), Acquired | Corporate Learning Management System (LMS) | $97.3M | 52/100 | |
4th | Practice 2011, Philadelphia (United States), Acquired | Professional development solution for educators | $13.5M | 51/100 | |
5th | Gnowbe 2015, San Francisco (United States), Seed | AI-powered microlearning platform for engaging, mobile-first, social learning experiences | $1.7M | 51/100 | |
6th | Uptime 2019, London (United Kingdom), Seed | Provider of microlearning platform delivering training, compliance, and employee enablement | $19M | 50/100 | |
7th | Mobile-based Learning management system | $9M | 48/100 | ||
8th | microdoing 2015, Paris (France), Unfunded | Platform offering training and development solutions for organizational performance | - | - | 44/100 |
9th | MobieTrain 2015, Genk (Belgium), Series B | Cloud-based microlearning platform for enterprises | $17M | 43/100 | |
10th | FIT Learning 2018, Getxo (Spain), Unfunded | Cloud-based learning platform for enterprises | - | - | 36/100 |
Looking for more details on Grovo's competitors? Click here to see the top ones
Grovo's Investments and acquisitions
Grovo has made no investments or acquisitions yet.
Reports related to Grovo
Here is the latest report on Grovo's sector:
News related to Grovo
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U.S. Cornerstone OnDemand to buy Grovo Learning in $24 mln dealInvestsize•Nov 12, 2018•Grovo, Cornerstone
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Cornerstone Buys Grovo Learning for $24MLos Angeles Business Journal•Nov 08, 2018•Cornerstone, Grovo, Cornerstone On Demand
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Cornerstone reports Q3 beats, upside guides; acquires micro-learning platformSeeking Alpha•Nov 07, 2018•Cornerstone, Grovo
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Grovo and Lange International Partner to Make Prestigious Executive Training Widely Available to AllPR Newswire•Sep 10, 2018•Grovo, Lange International
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Grovo and Sandler Training Partner to Bring Modern Microlearning to Global Sales Enablement IndustryPR Newswire•Aug 06, 2018•Grovo, Sandler
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Grovo Appoints Summer Salomonsen as Chief Learning Officer, Announces Trademark on MicrolearningⓇPR Newswire•Nov 15, 2017•Grovo
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