Grovo acquired by Cornerstone OnDemand
NYC-based micro-learning content platform Grovo has been acquired by Santa Monica-based Cornerstone OnDemand, a publicly traded learning and human capital management software company for $24M in an all-cash deal. “The acquisition of Grovo helps fulfill the vision we had on day one for Cornerstone to improve access to education on a global basis. As leaders in learning, we know that Grovo has some of the most innovative training content in the world,” said Adam Miller, Cornerstone’s founder and CEO. “United with our state-of-the-art Learning suite and our Content Anytime subscription offerings, the combination with Grovo places Cornerstone in a league of its own.”
Investors in the acquired company: Accel, Lerer Hippeau, BoxGroup, Uncork Capital, Social Starts, Brainchild Holdings, Costanoa Ventures, Red Swan Ventures, Vayner/RSE, Raine Ventures, Thomas Lehrman, Greg Waldorf, Drew Ferenci, David Honig
Total funding raised: $73M
Full coverage: Micro-learning Platform Grovo Acquired by Cornerstone OnDemand for $24M
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