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Grovo is a next-generation learning company that unites technology, educational content, integrations, and advisory support to elevate employee and organizational performance.

Business Model
Grovo provides companies with a software-as-a-service learning solution. The heart of Grovo’s approach is microlearning - 144-second video and audio lessons interspersed with short quizzes and practice assignments. The model has been shown to reduce training time by up to 88 percent, with the average user completing 50 percent more training than assigned. Grovo’s microlearning library covers topics including digital skills, soft skills, management training, and HR/compliance training. It includes 5,000 lessons, produced by the company and delivered on its learner platform. Simultaneously, trainers and managers have access to a Grovo dashboard with a suite of LMS tools and training analytics, as well as a client service team that aligns learning strategy to business goals.

History
Grovo was founded in 2010 by cofounders Jeff Fernandez, Nick Narodny, and Surag Mungekar. Originally, a consumer-focused company delivering bite-sized video training to close the digital skills gap, businesses rapidly embraced its microlearning approach. Grovo shifted to a B2B SaaS model in early 2013 and expanded its mission to encompass everything employees need to learn to do their best work. The shift drove Grovo's revenue to grow 20% month over month for the past two years. Today, the company has delivered over 5 million learning moments at organizations across 190 countries.

Investors and Funding
In May 2011 Grovo announced that it had closed its seed funding from Krishna “Kittu” Kolluri, general partner at New Enterprise Associates; Andy Dunn, CEO and Founder of Bonobos and Mareza Larizadeh of Larizadeh Capital Partners, and others.

On July 17, 2013, Grovo announced a $5.5 million Series A round of venture capital funding. Greg Waldorf, CEO-in-residence at Accel Partners and founding investor and former CEO of e-Harmony, led the financing, which also included Jeff Clavier of SoftTechVC, Greg Sands of CostanoaVC, and Andy Dunn of Red Swan Ventures. Greg Waldorf joined the Board of Directors.

On February 18, 2015, Grovo announced a $15 million Series B round from existing investors Accel Partners, Costanoa Venture Capital, Greg Waldorf and SoftTech VC. The round closed on August 8, 2014. Accel's Sameer Gandhi joined Grovo's Board of Directors.

Awards and Recognition
In November 2014, Internet Week named Grovo the "Best Place to Work in New York City Tech." The company earned the highest overall score among 30 finalists. The awards recognize companies for creating workplace cultures and policies that are helping to make to make New York City one of the world’s top tech hubs.

In 2015, CNN Money named Grovo one of the “30 Most Disruptive Upstarts,” and Entrepreneur Magazine named the company one of the “Best Entrepreneurial Companies in America” and one of the “Best Company Cultures in 2015.” The company also went on to be named “New York Startup of the Year” by Tech.Co and one of “NYC’s Hottest Startups” by Symmetry50, as well as being listed on Crain’s New York’s Top 100 Best Places to Work 2015. CEO Jeff Fernandez has spoken about the company's culture at events including SXSW, NewCo Festival New York, TEDx, Internet Week, and The Next Web Conference.

Grovo’s educational content and technology has been recognized with awards from Chief Learning Officer, Training Industry, and the ATD. Grovo was named one of the top learning management systems of 2015 by PCMagazine.

Customers
Grovo’s clients include Capital One, Major League Baseball, Return Path, Compass, Chop't Creative Salad Company, the Kansas City Chiefs, Sotheby’s International Realty, Pitney Bowes, The Ritz-Carlton, Arizona State University, Chevron, DDB Worldwide, Equinox, Coldwell Banker, Pernod Ricard, MediaMath, Saatchi & Saatchi, California Community Colleges and other organizations.