Growve Raises $175M in Funding
Summary
Growve, a St. Petersburg FL-based company which specializes in acquiring and operating natural supplement brands, raised $175M in funding. Multiple bank syndication partners participated in this new credit facility, which follows a minority equity investment from Palm Beach Capital. The company intends to use the funds to expand acquisition of omnichannel natural wellness & body care brands and organig growth. Led by CEO Brian Baer, Growve is a brand consolidator specializing in acquiring and operating world-class natural brands in the supplement, body care, food, household and pet categories. Its team of 400+ derives its value from aggregating brands and driving growth through in-house expertise in marketplace management, digital marketing, creative services, innovation, distribution, retail sales, manufacturing, supply chain management, regulatory and accounting.