IPO Edge and the Palm Beach Hedge Fund Association hosted a fireside chat at the 2022 ICR Conference with the Co-Founder & CEO of Grove Collaborative, Inc. to discuss the company’s background, creating consumer products driven by sustainability, the business combination with Richard Branson-backed Virgin Group Acquisition Corp. II (NYSE: VGII), and the product development process in going 100% plastic-free. The event featured Grove Collaborative Co-Founder & CEO Stuart Landesberg joined by IPO Edge Editor-in-Chief John Jannarone in a moderated video session lasting approximately 15 minutes.
Watch the highlight video below (or click the link underneath to see the entire event):
About Grove Collaborative
Launched in 2016 as a Certified B Corp, Grove Collaborative is transforming consumer products into a positive force for human and environmental good. Grove creates and curates high-performing, planet-first products across household cleaning, personal care, laundry, clean beauty, and pet, serving millions of households across the U.S. With a flexible monthly delivery model and access to knowledgeable Grove Guides, Grove makes it easy for people to build sustainable routines. Every item Grove offers, from both brands they craft — like their flagship brand Grove Co., plastic-free personal care line Peach, and clean skincare brand Superbloom — and from exceptional third-party brands, has been thoroughly vetted against strict standards for clean ingredients, efficacy, sustainability, cruelty-free formulas, and ethical supply chain practices. Grove Collaborative, a public benefit corporation, is on a mission to move Beyond Plastic and recently entered physical retail for the first time at Target stores nationwide. Grove is the first plastic neutral retailer in the world and is committed to being 100% plastic-free by 2025. For more information, visit grove.com.
Mr. Landesberg discussed:
- Company Background
- Creating consumer products driven by sustainability
- Business combination with Richard Branson-backed Virgin Group Acquisition Corp. II (NYSE: VGII)
- Product development process and going 100% plastic-free
About the Speaker:
Stuart (Stu) Landesberg is the co-founder and CEO of Grove Collaborative, a leading sustainable consumer products company transforming the industry into a force for human and environmental good. Grove creates and curates high-performing, planet-first products across household cleaning, personal care, laundry, clean beauty, and pet. Stu has long been passionate about sustainability. He began building the company that became Grove in 2012 (first under the ePantry name) when he became frustrated that he had to choose between his values and products for his home. He wanted to create a platform that would allow families easy access to healthy, sustainable products. Grove was established in 2016 as a certified B Corp and is now also a public benefit corporation. Grove serves millions of households in the U.S. every year and has raised more than $450 million in total funding to-date. In 2021 alone, Grove’s product innovations are expected to save over 2.3 million pounds of plastic. By 2025, Grove will be 100% plastic-free. Stu was previously with TPG Growth, where he was involved in more than $400 million in consumer and technology investments. Stu and his wife, Caitlin, live in San Francisco with their two children and dog, and spend as much time outside as possible.
Alan Hatfield, Director of Research