GroupMe
Latest round
- Series B
Last raised
- Jan 2011
Total raised
- $11M
Investors
- 6
About GroupMe
Founded in 2010, GroupMe Inc. operates a group messaging application that allows users to create and manage chats with up to 10,000 members.00 mn, marking a significant strategic pivot in its business operations.GroupMe primarily offers a group chat application designed to facilitate communication and collaboration among various user groups. The platform allows users to create and manage group chats with the capability to accommodate up to 10,000 members, enabling them to connect without sharing personal phone numbers. Key functionalities include event planning, poll creation, and chat moderation, all aimed at enhancing group interactions for diverse use cases such as social gatherings, academic collaborations, and hobbyist communities. The app's SMS-only mode makes it accessible to users who may not have smartphones, expanding its reach to a broader audience.GroupMe generates revenue through partnerships and potential monetization strategies associated with its group chat services. The transactional structure revolves around user engagement within groups, where value is derived from enhanced communication tools and features. While specific pricing plans are not disclosed, the app's functionalities such as event organization and polling are integral to attracting and retaining users. The platform may also engage in partnerships with educational institutions and community organizations, positioning itself as a preferred communication tool for these entities. The company is looking into launching new features centered around user engagement and community building. Expansion into international markets is also a priority, with targeted efforts in Europe and Asia by the end of 2023, aiming to capture a larger share of the global communication app market.
Who invested in GroupMe
6 investors across 2 rounds
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Questions about GroupMe
Who invested in GroupMe?
GroupMe has 6 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has GroupMe raised?
GroupMe has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did GroupMe last raise money?
GroupMe's most recent round on record is a Series B, in Jan 2011.
What does GroupMe do?
GroupMe is a telecoms company.
Where is GroupMe headquartered?
GroupMe is headquartered in New York, US.
Which VCs invest in companies like GroupMe?
Among active investors with capital left to deploy, Founders Fund, Accel, Thrive Capital and Kleiner Perkins back telecoms companies at GroupMe's stage. Their profiles are linked below.
VCs backing telecoms startups at Series B
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