Growve Raises $175M in Funding
- 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
- The company 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
- The company’s portfolio includes 20+ brands and hundreds of unique products
