Groove X, Inc.
PrivateLast Round
M&A
Mar 15, 2022
Total Funding Raised
$119.73M
Company Overview
Groove X, Inc. operates in Consumer & Commerce and is based in Tokyo. Its latest recorded funding round was a Series B Extension round in January 2021.
Groove X, Inc. is a robotics company that develops and manufactures LOVOT, a companion robot designed to provide emotional support and companionship.
Sector
Consumer & Commerce
Verticals
Consumer Electronics, Home & Lifestyle, Subscription Commerce, NLP & Conversational AI, D2C Brands
Business Model
B2C
Customer Profile
Hardware Sales, Hardware + Subscription
AI Layer
Application
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Groove X, Inc. Comparables
Compare Groove X, Inc. with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Elephant Robotics | 82% | |
| Loona Inc. | 78% | |
| Sony Group Corporation | 75% |
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Groove X, Inc. Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| M&A | Mar 15, 2022 | ||||
| Series B Extension | Jan 20, 2021 | ||||
| Series B | Dec 9, 2020 | ||||
| Series B | Jun 12, 2019 | ||||
| Series A | Dec 4, 2017 | ||||
Seed | Oct 3, 2016 |
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Key People
Founding team and executive leadership
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Groove X, Inc. Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Amtran Technology | Series A, Seed |
| Mirai Creation Investment Limited Partnership | Series A |
| 株式会社日本政策金融公庫 | Series B Extension |
| Maezawa Fund | M&A |
| Mirai Creation Fund | Seed |
| Innovation Network Corporation of Japan | Series B, Series A |
| LINE Ventures | Series A |
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Market signals
Structured signals derived from secondary market and firmographic data.
- May 1, 2024
Third generation LOVOT model launched in May 2024.
- Jan 20, 2021
$26M Series B Extension round completed.
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Groove X, Inc. Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
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Frequently Asked Questions
Common questions about Groove X, Inc.'s valuation, stock price, and market status.
Is Groove X, Inc. a public or private company?
Groove X, Inc. is a private company.
What is the current stock price of Groove X, Inc.?
Groove X, Inc. is a private company, so its shares have no public market price. Caplight tracks Groove X, Inc.'s secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Groove X, Inc. worth (valuation)?
Valuation information for Groove X, Inc. is not publicly available.
Can I buy Groove X, Inc. stock?
Groove X, Inc. shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was Groove X, Inc.'s last funding round?
Groove X, Inc.'s most recent funding round was M&A on March 15, 2022.
Who are the main investors in Groove X, Inc.?
Key investors in Groove X, Inc. include Mirai Creation Investment Limited Partnership, Maezawa Fund, Innovation Network Corporation of Japan, SPARX Group.
Will Groove X, Inc. IPO soon?
No public IPO plans have been announced for Groove X, Inc..
How can I track Groove X, Inc. secondary market activity?
Caplight tracks bids, offers, and trades in Groove X, Inc.'s shares on secondary markets.