Grove Collaborative - Volition Capital

Ecommerce
Sustainability

Grove Collaborative (NYSE: GROV) is a leading sustainable omni-channel brand focused on everyday household essentials.

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ABOUT GROVE COLLABORATIVE

Grove Collaborative (NYSE: GROV) is a leading sustainable omnichannel brand focused on everyday household essentials. As a certified B Corp since 2014, Grove Collaborative reduces plastic waste through its high-quality, plastic-neutral household cleaning and personal care products.

Background

Grove was founded in 2012 to pursue an emerging but significant opportunity in sustainable, environmentally friendly household essential products. The company originally started as an e-commerce site selling third-party brands but later established its own line of Grove-owned brands across all of its product categories. After a decade of rapid growth, Grove launched nationwide across Target and other major retailers. In June 2022, Grove Collaborative went public on the New York Stock Exchange.

Why We Invested in Grove

Through Volition’s sustainability thesis, we have closely tracked Grove from its formative years as it grew into its leading position empowering customers through environmentally friendly household products. There has been a secular shift to reduce plastic consumption through regulation across federal, state, and local governments as well as through changing purchasing behavior by corporations and consumers alike. We believe that the Company’s offering sits squarely in the middle of this significant trend by building a brand that is category comprehensive in household essentials as well as market-leading in its sustainability commitment.