Profile | Growe

Profile | Growe

by

by

The StartOps Team

Published

Published

Nov 14, 2024

Nov 14, 2024

TLDR:

Growe is a commercial real estate brokerage that also helps connect brands with 3PLs. They have a very unique business model that aligns their incentives with both brands and 3PLs.

What's the backstory?

  • Summit Hogue started his career in commercial real estate.

  • 4 years ago, he started Growe as a commercial real estate business focusing on helping 3PLs lease warehouse space.

  • Because he was talking to so many 3PLs, he and his team developed encyclopedic records about the 3PL landscape — who was located where, how much space they were in, their specializations, their current capacity, etc.

  • They realized they could use this knowledge to make really good brand <> 3PL pairings.


Who do they work with?

  • On the commercial real estate side: any 3PL that works with consumer brands

  • On the brand side: Any brand looking for a 3PL (including special requirements like specific locations, special materials handling, cold chain, etc.)


What problems do they solve?

  • For 3PLs, they solve two problems:

    1. Helping them find new warehouse space and negotiate the lease

    2. Helping place brands who fit their ICP

  • For brands, they can help find the perfect 3PM match from within their network


How does it work?

  • Growe uses their deep knowledge of the 3PLs they work with to suggest good matches to brands who work with them.

  • They then make warm intros to the senior leadership of those 3PLs.


What makes it different?

  • Growe works with 3PLs as real estate clients first — meaning they have a deep understanding of their capabilities, and have often been on-site.

  • Growe’s business model is a flywheel:

    • They help 3PLs find commercial real estate…

    • Then they help the 3PLs find brands to fill that real estate…

    • So that the 3PLs need more real estate!

  • Growe is completely free to both brands and 3PLs. They only make money on their commercial real estate business — ultimately from the commercial landlords.

This gives them a long-term incentive to make good matches between 3PLs and brands.



Want to learn more or get in touch? Check out their page on the StartOps Directory.

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