Gro Intelligence was founded in 2014 by Nemo Semret, Sara Menker, and Sewit Ahderom. The company has not publicly endorsed plans to participate in an IPO.
Gro Intelligence is a data platform that allows businesses to assess climate risk and analyze the impacts of environmental conditions on their operations. Headquartered in New York City, the company maintains additional offices in Nairobi and Singapore. Gro Intelligence has raised more than $115 million in venture capital funding from investors including Intel Capital, Africa Internet Ventures, DCVC, GGV Capital, and Rethink Food. The company did not disclose valuation figures following an $85 million funding round in 2021.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
01/08/2021 | Series B-2 | $8.42MM | $xx.xx | $694.04MM | Africa Internet Ventures, Dcvc, Dick Parsons, Ggv Capital, Intel Capital, Rethink Food, Schusterman Family Investments | |
Price per Share
$xx.xx
Shares Outstanding
2,299,951
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
18.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Africa Internet Ventures, Dcvc, Dick Parsons, Ggv Capital, Intel Capital, Rethink Food, Schusterman Family Investments
|
||||||
01/08/2021 | Series B-3 | $10.98MM | $xx.xx | $694.04MM | Africa Internet Ventures, Dcvc, Dick Parsons, Ggv Capital, Intel Capital, Rethink Food, Schusterman Family Investments | |
Price per Share
$xx.xx
Shares Outstanding
1,998,424
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
35.2%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Africa Internet Ventures, Dcvc, Dick Parsons, Ggv Capital, Intel Capital, Rethink Food, Schusterman Family Investments
|
||||||
01/08/2021 | Series B | $61.9MM | $xx.xx | $694.04MM | Africa Internet Ventures, Dcvc, Dick Parsons, Ggv Capital, Intel Capital, Rethink Food, Schusterman Family Investments | |
Price per Share
$xx.xx
Shares Outstanding
3,072,722
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
12.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Africa Internet Ventures, Dcvc, Dick Parsons, Ggv Capital, Intel Capital, Rethink Food, Schusterman Family Investments
|
||||||
10/24/2017 | Series A-2 | $8.97MM | $xx.xx | $40.43MM | Data Collective, Tpg Growth | |
Price per Share
$xx.xx
Shares Outstanding
6,533,538
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
12.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Data Collective, Tpg Growth
|
||||||
10/24/2017 | Series A | $11.9MM | $xx.xx | $40.43MM | Data Collective, Tpg Growth | |
Price per Share
$xx.xx
Shares Outstanding
5,251,642
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.3x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Data Collective, Tpg Growth
|