Reportedly, the e-commerce subscriptions market is expected to approach $1 trillion by 2026. Betting big on this segment, New York-based Ordergroove enables subscriptions and membership experiences for retailers and direct-to-consumer brands.
$100M investment from Primus Capital Partners
Now, Ordergroove has received $100 million in capital led by a US-based growth equity firm, Primus Capital Partners. With this, the total funding raised by the company is around $150 million. The funding will be used to double down on the company’s investments in its best-in-class subscription technology and continue to develop its next-generation frictionless shopping experiences as it ushers in the Relationship Commerce era set in motion by Ordergoove more than a decade ago.
“This vote of confidence by Primus underscores our leadership position in the category,” said Greg Alvo, Founder, and CEO of Ordergroove. Subscriptions are hard and Ordergroove makes it easy and delightful for both Fortune 2000 companies and emerging brands to become subscription-first. This partnership with Primus will allow us to fuel our rapid growth and continue to scale our investments in product and innovation.”
Ron Hess, Managing Director at Primus, seconded the salute to Ordergroove’s paradigm-shifting leadership. He said, “Our goal at Primus is to seek out companies that are making an exceptional impact on a sector, which Ordergroove is doing with retail and eCommerce. The Ordergroove team has built an industry-leading platform to help brands build more sustainable revenue streams—and to scale in response to consumer demand,” Hess said.
“The Honest Company has always been a subscription-first brand which is why we turned to Ordergroove’s technology,” said Pete Gerstberger, Chief Digital and Strategy Officer at The Honest Company. “Ordergroove’s infrastructure and analytics capabilities enable us to build and sustain strong, long-lasting consumer relationships that center around the most important moments in all of our lives.”
Founded by lifelong entrepreneur
Ordergroove was founded by Greg Alvo in 2012 in New York. Alvo’s journey in entrepreneurship began as a freshman in high school, when he faced a potential legal challenge for his homegrown business. Back then, he created and sold posters for both the winning and losing teams of professional and college sports championships on eBay.
Despite the setback, he quickly started another business in 2000 in tech. He founded a software consultancy named Voteq, stepped into e-commerce with Liquidation.com, and a short-lived company named Digiceipt, which never came to fruition.
Manages subscriptions of fast-growing brands
Ordergroove enables subscription and membership experiences for the world’s largest and most innovative retailers, including L’Oréal, The Honest Company, Bonafide, IL MAKIAGE, La Colombe, and PetSmart. It helps merchants deliver frictionless subscription experiences that delight shoppers, grow recurring revenue, and boost customer lifetime value.
Ordergroove’s proprietary Relationship Commerce platform allows the company’s technology to integrate with leading e-commerce platforms, including Shopify, BigCommerce, Salesforce, Magento, SAP Commerce, and custom e-commerce platforms. It uses artificial intelligence, analytics, and unmatched consumer expertise to empower top brands to transform their commerce experiences while making their consumers’ lives easier.