Grove Collaborative Reveals $15M Investment From Volition Capital
Grove Collaborative Reveals $15M Investment From Volition Capital
Volition previously invested $10 million in Grove by purchasing Series A Convertible Preferred Stock in August of 2023, bringing their total investment in the Company to $25 million.
Volition此前通過購買2023年8月發行的A轉換優先股，向Grove投資了$10 million，使其對該公司的總投資達到$25 million。
The investment was led by Larry Cheng, managing partner and co-founder of Volition and a member of Grove's Board of Directors. Cheng most notably led Volition's early investment in online pet supply retailer, Chewy, and also serves on several other boards, including the Board of Directors at GameStop.
由Volition的管理合夥人兼聯合創始人Larry Cheng領導，該投資吸引了Volition的關注。Larry Cheng最著名的是主導了Volition對在線寵物用品零售商chewy的早期投資，並同時擔任其他幾個董事會成員，包括遊戲驛站的董事會。
Notably, with a portion of this investment and its cash on hand, Grove plans to pay off the remaining $30 million of its outstanding term debt facility.
值得注意的是，藉助這項投資和手頭的現金，Grove計劃償還其剩餘3000萬美元的到期債務。
譯文內容由第三人軟體翻譯。
