Grovo.com, which uses personalized videos to train users on cloud and Internet services, closed US $5.5 million from series A financing. The money will be utilized for the company's product research and intensified marketing campaign.
The venture capital funding is led by Greg Waldorf who used to head eHarmony. He will also sit as the chair of Grovo's Board of Directors. Aside from Waldorf, the other investors include Jeff Clavier of SoftTech VC and Greg Sands of Costanoa Venture Capital.
Since it was launched in October 2010, Grovo has already active users and delivered over 1 million videos in at least 150 countries. According to the company, the average user accesses 10 video lessons.
Waldorf said that Grovo even counts Fortune 500 companies among its customers. He explained: "What has me most excited is that this growth thus far has been organic and reminds me of several other successful companies I've worked with closely."
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