# Groupsite.com

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/groupsite-com

- Industry: Internet
- Headquarters: Oakland, US
- Website: www.groupsite.com
- Total disclosed funding: $2M
- Latest round: Seed (Dec 1, 2009)
- Investors on record: 1

## About

Groupsite.com, Inc offers a comprehensive online community software that enhances collaboration and engagement for diverse organizations, including businesses and non-profits, through its feature-rich platform.Founded in 2006 and headquartered in Oakland, US, Groupsite.com develops a collaborative platform enabling efficient group communication. The company successfully raised USD 2.000 mn in Seed funding in December 2009 from Wavemaker Partners, totaling USD 2.000 mn raised from funding efforts. The founder, Clarence Wooten, has a background in technology entrepreneurship, having previously established other ventures.The company's core offering is an all-inclusive online community software known as Groupsite, designed to facilitate collaboration and engagement among diverse groups such as associations, businesses, non-profits, educational institutions, healthcare organizations, and government agencies. This platform allows users to communicate and collaborate effectively through features such as forums, subgroups, blogs, newsletters, and member profile pages. By enabling users to organize discussions by topic areas and manage member interactions seamlessly, Groupsite aims to solve the challenges of community engagement and communication, enhancing the user experience by allowing setup in minutes without requiring IT support. The platform is designed to accommodate various group sizes, from small teams to large communities, effectively serving clients across North America, Europe, and parts of Asia.The company's revenue model is primarily based on a subscription service priced at USD 99 per month, which includes all features without any per-user fees. This pricing structure allows organizations to budget for community management without worrying about additional costs as membership grows. Transactions are structured as direct subscriptions, where clients pay a recurring fee for access to the Groupsite platform and its functionalities. The service is particularly appealing to mid-sized and larger organizations that benefit from scalable solutions. By providing a comprehensive suite of tools aimed at enhancing community interaction, the company positions itself as a leader in the online community management space, catering to a diverse client base that values affordability and ease of use.Groupsite.com intends to leverage its recent funding of USD 2.000 mn raised in December 2009 to enhance its platform and develop new features aimed at increasing user engagement. The company is also targeting expansion into new geographic markets across Europe and Asia within the next two years, aiming to reach a broader audience. Planned enhancements include advanced analytics and integration features, which are expected to launch by the end of 2010.

## Funding rounds

- Seed, Dec 1, 2009, $2M — Wavemaker Partners

## Investors

- Wavemaker Partners (https://capitalatlas.ai/funds/wavemaker-partners) — Seed