Grover, the technology rentals platform, has raised a €11m (£9.77m) funding round led by Augmentum Fintech, the London-based FinTech venture capital firm.
The FinTech investor put €6m (£5.32m) to the round, which came as Grover signed a new €30m (26.65m) debt facility with Varengold Bank, the German bank that has supported a lot of FinTech companies in the past.
Agumentum Fintech’s investment marks the first time it has ever invested in a German company since the VC firm was launched in 2017. Other investors participating investors included Circularity Capital, Coparion, Samsung NEXT, Commerzbank’s Main Incubator and, again, Varengold Bank.
Grover bagged a €12m (£10.66m) round in August 2018. That round was led by Circularity Capital.
Agumentum has previously invested £5m into the UK PropTech startup Habito.
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