Grove Collaborative's $150 million financing tops recent funding news in San Francisco

Photo: Grove Collaborative/Facebook

San Francisco-based e-commerce company Grove Collaborative has secured $150 million in Series D funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced on Sept. 5 and led by General Atlantic.

According to its Crunchbase profile, "Grove started as an idea between three friends talking in a spare bedroom in San Francisco: What if it was easy to find healthier home essentials? The belief that what we bring into our homes contributes to that homey, cozy feel prompted them to try to make their idea a reality. We’re here to help you create your best version of home with ease and enjoyment. Each Grove order is like a care package for your home."

The three-year-old startup has raised five previous funding rounds, including a $35 million Series C round in 2018.

The round brings total funding raised by San Francisco companies in consumer goods over the past month to $972 million. The local consumer goods industry has seen 44 funding rounds over the past year, capturing a total of $14 billion in venture funding.

In other local funding news, network security company HackerOne announced a $36 million Series D funding round on Sept. 8, led by Valor Equity Partners.

According to Crunchbase, "HackerOne is a powered security platform that connects businesses with penetration testers and cybersecurity researchers."

Founded in 2012, the company has raised three previous rounds, including a $40 million Series C round in 2017.

Meanwhile, consumer software company Drivetime raised $11 million in Series A funding, announced on Sept. 9. The round's investors were led by Makers Fund.

From the company's Crunchbase profile: "Drivetime is developing the next generation of interactive entertainment targeted at a huge but under-served market: car drivers."

Drivetime last raised $4 million in seed funding in 2018.

Also of note, social company VRChat raised $10 million in Series C funding, announced on Sept. 5 and also led by Makers Fund.

From Crunchbase: "VRChat is a virtual reality social platform that allows users to easily build social virtual reality content."

The company previously raised $4 million in Series A funding in 2017.

Rounding out the city's recent top local funding events, lead generation and predictive analytics company Leadspace raised $5 million in debt financing funding, announced on Sept. 6 and financed by Espresso Capital.

From Crunchbase: "Leadspace's B2B Customer Data Platform empowers sales and marketing to find and convert their ideal customers through accurate, personalized engagement across all channels."

The company previously raised $21 million in Series C funding in 2017.

This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.