Jan 9, 2025 | GroveStreet, In the News
Benford Capital Partners exits Pasture Brands, a Better-For-You food platform focused on perimeter-of-store refrigerated products with two brands: Farmers Hen House, a leading provider of branded and private label specialty eggs, and Pillars Yogurt, a branded provider of better-for-you drinkable and plant-based yogurt. Pasture Brands was acquired by Pete & Gerry’s Organics, a leading specialty egg company.
Benford acquired Farmers Hen House in December 2021 and Pillars Yogurt in April 2024. Over the course of its 3-year investment Benford bolstered the executive team, prioritized branded revenue growth, expanded the Company’s network of suppliers, and successfully acquired and integrated Pillar Yogurt, a highly complementary brand in the dairy case. GroveStreet first became a Benford LP in 2020. Read more about the deal here.
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Jan 2, 2025 | GroveStreet, In the News, Uncategorized
The rise of AI has significantly boosted worker productivity already, allowing businesses to become more efficient as AI both enhances jobs and replaces roles. Although AI’s full integration into businesses is still unfolding, many companies facing challenges in finding workers are turning to AI and automation. These technological advances should drive economic growth while also helping to keep inflation in check.
Venture investors should monitor this trend closely as the crosscurrents of increased business efficiency and a new wave AI-native competition pose both opportunities as well as potential headwinds for legacy software portfolios.
To learn more about how AI is transforming the productivity of the American workforce, read here.
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Dec 5, 2024 | GroveStreet, In the News
GroveStreet Partner Patrick Sherwood shared thoughts on the current venture landscape and what the future portends for VC at SuperReturn Japan. GroveStreet team members are regularly in Tokyo collaborating with some of Japan’s leading institutional investors in navigating and accessing venture opportunities. To learn about GroveStreet’s insights on venture markets or our investment capabilities, click here to arrange a call with our team.
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Nov 19, 2024 | GroveStreet, In the News
GroveStreet Partner Patrick Sherwood hosted Sten Tamkivi of Plural, Sri Chandrasekar of Point72 Ventures, Kelly Chen of NATO Innovation Fund, and Matt Byington of General Catalyst for a panel discussion on investing in next generation defense opportunities. The timely topic attracted a standing room only audience and lively Q&A. Joining GroveStreet in hosting the event were Keva, Tesi, the European Investment Bank, and the European Investment Fund. SLUSH is Europe’s premier startup conference. To learn about GroveStreet’s perspective on investing in defense and dual use technologies, click here to arrange a call with the GroveStreet team.
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Nov 11, 2024 | GroveStreet, In the News
GroveStreet Partner Mario Miranda joined David Teten of Coolwater, Evan Finkel of Integra Global Advisors, and Kelly DePonte of KD Advisory for a discussion on best practices for emerging managers. The session attracted an audience of seasoned investors and emerging managers. The discussion delved into how emerging managers should approach the institutional investor community, examining what they should proactively address and what they should avoid in the fundraising process. Additionally, each presenter described how emerging managers fit within a broader portfolio strategy. To learn about GroveStreet’s philosophy and underwriting for investing in emerging managers, click here to arrange a call with the GroveStreet team.
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Oct 17, 2024 | GroveStreet, In the News
GroveStreet has been an investor in Accel since 2009. Accel’s first Growth Fund led Squarespace’s $38M Series A in 2010. Squarespace went public in May 2021 via a direct listing at a $6.6B enterprise value, at which point Accel partially realized its investment. In October 2024, Accel fully realized its interest in Squarespace when Permira acquired the Company in an all-cash take-private deal valuing the company at $7.2B, or a 36% premium over the stock’s 90-day average price. Read more about the deal here.
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