Grow Has Grown: $16M Funding Round Led By Toba Capital

With participation from Peterson Ventures, Pelion Venture Partners, Kickstart Seed Fund, and HubSpot.

Grow has announced a $16 million Series B round led by Toba Capital with participation from Peterson Ventures, Pelion Venture Partners, Kickstart Seed Fund, and HubSpot.

Grow CEO Rob Nelson on the funding:

At Grow, we believe in using data to drive company culture and decision making. Our goal is to give CEOs the ability to feel confident and in-touch with their business, whether or not they’re in the office. Thanks to our institutional investors, we are able to continue to push these efforts.

We last heard from Grow in July 2016, when they announced a $11 million Series A round also led by Toba Capital. More recently (like two months ago), I interviewed Nelson and still haven’t written about it. I’m the worst. I will be writing about the interview soon, however, so take heart. It’s coming. I promise. I would never lie to you.

In the meantime, here’s Vinny Smith, founder of Toba Capital:

As demonstrated by their phenomenal growth, Grow.com clearly dominates the SMB BI space. Grow has produced an amazing product for its business users. We’re excited to continue to work with Rob and his team in helping Grow become the world’s business intelligence tool.