Inflection Point: The Path to IPO
Episode #2
Linda Rubin, CIO at Grover
Grover is a leading electronics marketplace driving impact through the circular economy. The Berlin-based company recently raised $330M in a mix of debt and equity which follows a $71M Series B from 2021. The company is currently valued at over $1B. Linda’s depth of experience and her recent oversight of these large-scale transactions makes her uniquely positioned to comment on the path to IPO!
“The IPO is still the favoured means of exit for a lot of startup CEOs and with the recent market downturn, this has not changed, it has only changed the timeline.”
- Linda Rubin, Chief Investment Officer at Grover
Linda Rubin is the Chief Investment Officer at Grover. Their platform enables individuals and businesses alike to rent products ranging from smart phones to drones for a monthly fee — a pioneer in what’s been dubbed the circular economy. Earning her stripes at Rothschild, Linda went on to serve as an Executive Director at JP Morgan’s investment banking division. She then pivoted into tech and corporate venture building before taking on her current role with Grover. Grover has raised an impressive $2B with a mix of venture capital and debt financing. In our conversation, Linda shares her perspective on technical IPO preparedness, the importance of timelines, and the value add of crossover investors.
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