Grow.com Raises $16M Series B
OREM, UT, Reporting and analytics dashboard solution, today announced that it has closed a $16M Series B round of funding.
Grow.com, the reporting and analytics dashboard solution, today announced that it has closed a $16M Series B round of funding by institutional investors led by Toba Capital. To date, Grow has secured $26M in total funding from investors. Series B investors included Toba Capital, Peterson Ventures, Pelion Venture Partners, Kickstart Seed Fund, and HubSpot.
The Series B investment will help to fuel the company's growth to create the #1 business intelligence tool for SMBs and non-technical users by expanding sales and marketing efforts as well as creating new features within the app.
"As demonstrated by their phenomenal growth, Grow.com clearly dominates the SMB BI space," says Vinny Smith, founder of Toba Capital. "Grow has produced an amazing product for its business users. We're excited to continue to work with Rob and his team in helping Grow become the world's business intelligence tool."
Rob Nelson launched Grow in 2014 with the goal of empowering data-driven leadership by simplifying reporting and analytics. Although cost and complexity put other BI products out of reach for many small to mid-sized companies, Grow is specifically designed with SMBs in mind. With its beautiful interface, robust tools, ease-of-use, and competitive price point, Grow is both powerful and accessible to non-technical users.
"At Grow, we believe in using data to drive company culture and decision making," says Rob Nelson, founder and CEO of Grow.com. "Our goal is to give CEOs the ability to feel confident and in-touch with their business, whether or not they're in the office. Thanks to our institutional investors, we are able to continue to push these efforts."
Grow empowers SMBs to accelerate growth by aligning team objectives and inspiring strategic decisions. With increased data visibility, leaders are able to gain unique insights, make data-driven decisions with confidence, and reach the full potential of their business.
About Grow, Inc.:
Grow.com is the #1 BI for SMBs. Grow makes it easy and affordable to visualize and share business performance in real time by uniting data from hundreds of sources, including spreadsheets, databases, and SaaS applications. With Grow's business intelligence software, companies and leaders can reach their full potential. || Grow.com
About Toba Capital:
Toba Capital is an investment firm committed to helping create incredible technology companies. Toba backs businesses capable of long-term growth and teams with the potential to fundamentally shift markets for the common good. The firm takes a high-conviction, hands-on, dollar-concentrated approach to venture investing, and is unafraid to get in the boat to help row. Toba Capital was founded in 2012 by Vinny Smith. || TobaCapital.com
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