Grove
FOUNDING YEAR: 2005
LOCATION: United Kingdom
Last Update: 19/01/2021
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About
No ego. No agenda. Just advice.
MEDICI Analysis
Grove offers personalized financial advice to users that helps them to achieve their financial goals. It has developed a software that can gather user’s financial information and then assist advisors in using the inputs to create a financial plan for them.
Focus
PRODUCTS & SERVICES
Grove’s software automates the information-gathering process and develops algorithms to streamline financial planning for users. The platform enables users to directly interact with a team of financial advisors about their financial goals and savings plan.
REVENUE MODEL
The company earns by charging membership fee which is $600 per year.
MAIN CLIENTS
Retail customers
People
FOUNDERS
Chris Hutchins
Chris Doyle
BOARD MEMBERS AND ADVISORS
Leslie Mallman
Bini Lee
NUMBER OF EMPLOYEES
1-10
INVESTORS:
KEY EMPLOYEES:
Chris Hutchins (CEO); Chris Doyle (CIO)
Momentum
FUNDED
YES
NUMBER OF FUNDING ROUNDS
2
TOTAL FUNDING
$10.1 M
DATE OF LAST FUNDING
Jun 2018
IPO STATUS
Private
ESTIMETED REVENUE RANGE
$1M to $10M
SEED & PRIOR FUNDING
$2.1 M
SEED CLOSED ON
Jun 2017
FUNDING SERIES
SERIES A · $8 M · Jun 2018
LISTED
NO
company provided insights
M&A
ACQUIRED BY
Wealthfront
ANNOUNCED DATE
Aug 2019
PRICE
---
company provided insights
Web Traffic
MONTHLY VISITS
2,151
AVERAGE VISITS (6 MONTHS)
1,420.5
MONTHLY VISITS GROWTH
101.16%
VISIT DURATION
254
VISIT DURATION GROWTH
2,105.87%
PAGE VIEWS VISIT
1.91
PAGE VIEWS VISIT GROWTH
21.23%
BOUNCE RATE
45.48%
BOUNCE RATE GROWTH
-12.62%
GLOBAL TRAFFIC RANK
4,096,571
MONTHLY RANK CHANGE
-5,246,349
MONTHLY RANK GROWTH
-56.15%
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