Investing and Innovating
Acclaimed innovator, entrepreneur, and venture capitalist David Grutman is a mogul whose investments span the hospitality industry, technology, wellness, food and beverage, and beyond. Founder of Groot Hospitality, Grutman has built a substantial portfolio focusing on maximum synergy and optimal returns, and emphasizes the importance of people over product. He embraces dynamic diversification and openly shares his expertise, insights, and motivating takeaways in events that make an impact with both organizations and individuals.
David Grutman is an acclaimed innovator, entrepreneur and venture capitalist whose investments span from the hospitality industry to the technology, wellness, food and beverage, consumer goods, consumer services and athletics sectors.
Grutman is world-renowned for his real estate and entertainment firm, Groot Hospitality, which owns and operates the Miami-based restaurants Komodo, Swan, Swan Upstairs, Papi Steak, Strawberry Moon, Winker’s Diner, Sushi Fly Chicken and Toothfairy; the nightclubs LIV at Fontainebleau and Story; and The Goodtime Hotel. From 2022 onward, Groot Hospitality will be expanding its reach, with openings from Dallas, TX to Doha, Qatar.
In addition to his achievements in hospitality, Grutman has built a substantial investment portfolio in other arenas. He is drawn to ideas and results that serve popular and universal needs, with a keen eye for cross-industry symbioses, seamless day-to-day solutions, and ultrafriendly consumer facing technology. He also emphasizes the importance of relationships; when he invests, it’s a decision that’s equally weighted between the product and the people behind it. Furthermore, Grutman continuously looks for merging points between his interests, and where he might be able connect the dots across his network to attain greater synergies—and optimal returns.
Grutman is a co-owner and creative director of Prince, the Atlanta, GA-based sporting goods label held under the company Authentic Brands Group. Grutman first invested in Prince in 2019, and has since introduced new energy and innovation to the heritage company, including popular collaborations, new product launches, and more.
In varying percentages of stakeholding, Grutman is also an investor in: SiloFit, an on-demand flexible private gym service; Material Bank, the world’s largest material marketplace for architecture and design; Owens Mixers, which are American-made cocktail complements (and which are now used at a number of Groot Hospitality properties); Snackpass, the takeout food app; Niftys, the NFT marketplace; Jah Mama, a Los Angeles, CA-based hot sauce brand; Superplastic, a collectible toy and figurine manufacturer; Glosslab, a subscription manicure and pedicure service; Liquid Death, a canned water brand; Daring Foods, a plant-based chicken product; OakBerry açai bowls; Pure Green juices and smoothies; Overactive, the esports media platform; Slinger Bag, a company that makes portable tennis ball feeders; Oxigen, an oxygen-boosted bottled water company; Popshop Live, the live streaming shopping platform; Relativity Space, the tech outfit developing launch vehicles and rocket engines for commercial space access; FaZe Clan, the e-sports organization and Aexlab, the virtual reality studio for gaming technology.
Grutman is also a shareholder in digital commerce platforms including CashDrop, a mobile app that helps businesses create and manage online storefronts from a smartphone, and Flow, which streamlines and simplifies cross-border transactions.
As his portfolio has grown and diversified, Grutman has also served as a guest lecturer at Florida International University. There, his classes concerned not only his experience in the hospitality field, but also in greater business, relationship-forging and venture capital, as well. He is also a guest lecturer at Cornell University’s prestigious School of Hotel Administration. In November 2021, Cornell granted Grutman an honorary Doctorate degree.