Groove Labs
Latest round
- Series B
Last raised
- Oct 2021
Total raised
- $61M
Investors
- 6
About Groove Labs
Founded in 2014 in San Francisco, US, Groove Labs, Inc. specializes in cloud-based software for project management, messaging, and CRM. The company was co-founded by Austin Wang, Chris Rothstein, Gopika Udayakumar, L Hood, and Roger McKay, with Chris Rothstein serving as CEO.co specializes in providing innovative solutions aimed at enhancing communication and collaboration within teams. Their core offerings include cloud-based software designed for project management, team messaging, and customer relationship management (CRM). These products streamline workflow processes, facilitate remote collaboration, and improve customer engagement for small to medium-sized enterprises (SMEs) across North America, Europe, and parts of Asia.co generates revenue primarily through a subscription-based model, allowing clients access to its suite of tools on a monthly or annual basis. The company offers tiered pricing plans for different customer segments, from individual users to larger enterprises. This structured pricing approach facilitates predictable revenue streams as clients renew their subscriptions, supporting long-term relationships with users.Groove Labs, Inc. is planning to expand its product offerings and geographical reach. They are currently developing new features intended to enhance project management capabilities, with a targeted release by Q4 2024. The company aims to expand into markets in Latin America and Southeast Asia by the end of 2025. in August 2023, which aims to provide expanded visibility and control across the revenue process.
Who invested in Groove Labs
6 investors across 3 rounds
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Questions about Groove Labs
Who invested in Groove Labs?
Groove Labs has 6 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Groove Labs raised?
Groove Labs has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Groove Labs last raise money?
Groove Labs's most recent round on record is a Series B, in Oct 2021.
What does Groove Labs do?
Founded in 2014 in San Francisco, US, Groove Labs, Inc.
Where is Groove Labs headquartered?
Groove Labs is headquartered in San Francisco, US.
Which VCs invest in companies like Groove Labs?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Groove Labs's stage. Their profiles are linked below.
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