Grovo.com, a New York City-based provider of a short form video learning platform, secured a $5.5m Series A venture capital funding.
The round was led by Greg Waldorf, the founding investor and former CEO of eHarmony, who also joined Grovo’s Board of Directors as Chairman, with participation from Greg Sands of Costanoa Venture Capital and Jeff Clavier of SoftTech VC.
The company intends to use the funds for product development and expansion of marketing and sales efforts.
Launched in October of 2010 by CEO Jeff Fernandez, Surag Mungekar, and Nick Narodny, Grovo provides an online platform that trains users on Internet tools and cloud services via 60-second videos. It features 3,500+ lessons covering 100+ Internet tools and cloud services with 15 lessons added daily. For organizations and enterprises, the company’s training dashboard, Grovo for Teams, enables employee training on the Internet tools, sites, and innovative trends.
The platform is used by consumers, businesses, educators, and governments in 150 countries.
FinSMEs
17/07/2013