/Companies

Grover

Founded 2015 · 314 employees on LinkedIn · 24 known investors

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Grover offers technology products such as smartphones and other consumer electronics through flexible rental subscription plans, allowing customers to pay for the duration they use a device. Returned devices are wiped, refurbished, and rented again, supporting a circular model for consumer tech.

Founders & leadership

Grover was founded in 2015 by Michael Cassau.

MCMichael Cassau
Michael CassauFounder & CEO2015–2023Michael Cassau founded Grover, a technology rental subscription service that he scaled to €300M in annual recurring revenue and a valuation exceeding $1 billion. He currently leads NexDash, an electric fleet operator with an AI-native logistics platform, and cofounded Platform Horizons, a private equity firm focused on logistics, fintech, and industrial technology.

Investors · 24

Also in the syndicate · 6

Assurant GrowthCircularity CapitalCircularity Capital LLPleadCommerzbank’s Main IncubatorJMS Capital-EverglenleadVarengold Bank

Funding

SEC filings, press & company announcements

Source: company announcements and press reports — follow each round's link for the claim.

Founder mafia

2 people who came through Grover went on to found or lead other companies.

Related companies · 1

Companies working in the same space as Grover.

In the news

Frequently asked questions

What does Grover do?
Grover offers technology products such as smartphones and other consumer electronics through flexible rental subscription plans, allowing customers to pay for the duration they use a device. Returned devices are wiped, refurbished, and rented again, supporting a circular model for consumer tech.
Who founded Grover?
Grover was founded by Michael Cassau in 2015.
Who are Grover's investors?
Grover's investors include Assurant Ventures, Augmentum Fintech, coparion, Energy Impact Partners, Enjoyventure Management, German Media Pool, GPO Fund, Isomer Capital and 10 more.