HumanCo Invests in Grove Collaborative

Grove Collaborative Holdings, Inc. has entered into a strategic partnership with HumanCo Investments, a subsidiary of HumanCo, a health and wellness holding company.

HumanCo and Grove are partnering with the intention of finding one or more scale, synergistic M&A opportunities which HumanCo would have an opportunity to fund with up to $100 million of new capital.

HumanCo will became an investor in Grove through a private investment in a public equity (PIPE) transaction, according to Grove.

HumanCo LLC is a mission-driven company co-founded by Jason H. Karp and Ross Berman that invests in and builds brands focused on healthier living and sustainability. Its current brands include food companies Cosmic Bliss, Snow Days and Against the Grain.

“This is a moment for those with conviction in the long-term trends of health and sustainability to double down and capitalize on short term disruptions. In order to make that happen, I am thrilled to partner with Jason Karp, Ross Berman, and the entire HumanCo team, who have both a strong investing and operating track record and share our passion for making it easier for consumers to live a healthier, more sustainable life. Their partnership will put us in an even stronger position as we explore consolidation opportunities,” said Stuart Landesberg, Co-Founder and CEO of Grove Collaborative. “Together, we will seek to find opportunities for highly strategic transactions that can drive material positive impact for our shareholders and our mission.”

“Over the last six years, Grove has built a strong, authentic brand and loyal base of customers who value health and sustainability. This perfectly aligns with our HumanCo mission to provide healthier products to more people from brands with uncompromising values. Consumers need access to better, more sustainable products, and there currently aren’t enough public companies that provide such options. We look forward to working with Grove to identify highly value-enhancing opportunities, enabling a healthier and more sustainable lifestyle for all consumers,” stated Jason H. Karp, co-Founder of HumanCo.

“There are many companies that will need to be part of a larger platform that brings them scale and efficiency. We are confident that with HumanCo’s assistance, Grove will be able to identify and execute on these compelling M&A opportunities,” stated Ross Berman, co-Founder of HumanCo.