Structuring nearly 2bn of asset funding
Grover is a role model for debt-based asset funding. With nearly € 2bn of debt from various lenders in multiple rounds Grover has shown a way of separating startup and asset risk.
In this episode, Mitja Sadar, former Senior Vice President Finance and Head of Debt Capital Markets at Grover, gives insights into Grover’s approach. Mitja explains the various stages, pitfalls and the interrelation between the product portfolio and debt structures.
This episode is the eighth in the series PaaS Decoded, 16 conversations about the fine details of product-as-a-service.
People Mitja Sadar, Co-Founder & CFO SKROL, formerly Senior Vice President Finance, & Head of Debt Capital Markets at Grover
Patrick Hypscher, Co-Founder of Green PO, Expert in Sustainable Business Models
Chapters 00:00 Intro 01:52 Grover developing from small to big debt facility 03:04 Separating startup and asset risk 06:03 The stages of asset financing 08:47 Internal structures needed to secure debt financing 10:52 Finding the right lender 14:42 Good relations with lenders are key 17:04 Contractual terms will last 19:04 Return on money & return of money 23:58 Influence of the product portfolio on the debt structure 31:18 Find your circular contribution and the value add 34:17 Trends towards use, sustainability & flexibility 35:41 Startups, SMEs & Investors welcome
About Grover (from website): Grover is the global leader in technology rentals, enabling people and empowering businesses to subscribe to tech products monthly instead of buying them.
About SKROL Capital (from website): SKROL is on a mission to modernize the backbone of the global economy by acquiring and transforming small and medium sized businesses globally.
Further Links: https://www.grover.com
https://press.grover.com/136970-grover-rings-in-the-new-year-with-250m-funding-deal
Transcript: See the episode page for the transcript: https://circularity.fm/debt-financing-of-paas-assets/
