Grow.com Secures $16 Million in Series B Funding

Grow, a leading provider of business intelligence solutions for small and mid-sized businesses, has announced significant funding milestones. In a recent development, the company raised $11 million in total funding, including a $9 million Series A round led by Toba Capital[2]. This investment marked Toba Capital’s first Utah-based investment and brought Vinny Smith, a billionaire software veteran and founder of Toba Capital, onto Grow’s board.

The funding is aimed at enhancing the platform and empowering more SMBs with affordable analytics and intelligence tools. The Wall Street Journal took note of this development, highlighting Grow’s mission to serve the often-overlooked SMB market with robust business intelligence solutions.

Building on this momentum, Grow subsequently raised a $16 million Series B round, also led by Toba Capital[5]. This investment underscores the confidence of past investors, including Peterson Ventures, Pelion Venture Partners, and Kickstart Seed Fund, who participated in the funding round. Additionally, HubSpot joined as a new investor, and new members were added to Grow’s board.

The Series B funding is set to fuel further growth and innovation at Grow. The company has a proven track record of success, having quadrupled its team size and achieved 10x growth following its Series A funding. Grow has also delivered significant improvements to its platform, including 8x faster dashboard performance and the introduction of powerful new tools.

In 2017, Grow hosted its first Data Driven Summit in Park City, Utah, attracting over 200 attendees who received training from industry experts on leveraging data to drive growth. The company’s commitment to providing SMBs with accessible and effective business intelligence solutions has resonated with its user base, which now includes over 12,000 users managing more than 270,000 metrics.

With these funding milestones, Grow is poised to continue its mission of empowering SMBs with the insights and tools they need to reach their full potential. The company’s dedication to innovation and customer success has positioned it as a leader in the business intelligence space for SMBs.

You can also see a full list of recently funded startups in USA.