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Dan Primack May 10, 2017
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Exclusive: Grovo brings in new CEO

Last month we reported on turmoil at Grovo, a digital skills training platform that had raised $40 million in early 2016 from firms like Accel Partners. Specifically, CEO Jeff Fernandez and two fellow co-founders were out, due largely to a lack of financial management discipline.

Update: Yesterday the company held an all-hands to announce that its new CEO is Steven Carpenter, an executive-in-residence at Accel who previously served as founding CEO of both Endorse.com (acquired by Dropbox) and Cake Financial (acquired by E*Trade).