About Groopit
Groopit is a company based in Seattle (United States) founded in 2018. Groopit has raised $8.55 million across 2 funding rounds from investors including WestRiver Group, Tapas Capital and Ascend. Groopit offers products and services including Groopit Platform, Groopit App for Slack, and Groopit App for Salesforce. Groopit operates in a competitive market with competitors including Coda, Cortex, FileCloud, Ninox and Huddle, among others.
- Headquarter Seattle, United States
- SectorsTechnology
- Email••••••••
- Website groopit.co
- Social LinkedIn X Facebook
- Total Equity Funding$8.55M (USD)
in 2 rounds
- Latest Funding Round$6.55M (USD), Series A
Mar 2023
- InvestorsWestRiver Group
& 11 more
Products & Services of Groopit
Groopit offers a comprehensive portfolio of products and services, including Groopit Platform, Groopit App for Slack, and Groopit App for Salesforce.
Combines human and AI for real-time business problem-solving
Facilitates real-time intelligence sharing via collaboration tools
Enables AI-driven insights within CRM systems
Apps and channels of Groopit
Groopit publishes 2 mobile apps with over 500 downloads.
Funding Insights of Groopit
Groopit has successfully raised a total of $8.55M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $6.55 million completed in March 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $8.55M
- Total Rounds 2
- Last Round Series A — $6.55M
- First Round $2M
(Oct 2021)
- Investors Count 12
All 2 funding rounds of Groopit with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2023 | $6.55M | Series A | – | WestRiver Group | |
| Oct 2021 | $2M | Seed | – | ASCEND, Voyager Capital |
12 investors in total: 12 institutional.
Investors in Groopit
Groopit has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include WestRiver Group, Tapas Capital and Ascend.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are focused across multiple sectors by the firm. | – | wrg.vc | Seattle, United States | |
Tapas Capital is engaged in venture capital investment management. | – | tapas.capital | - | |
Ascend is recognized as a pre-seed venture capital fund based in the Pacific Northwest. | – | ascend.vc | Seattle, United States | |
Early-stage US tech investments are managed by Voyager Capital. | – | voyagercapital.com | Seattle, United States | |
Early-stage software companies are funded by Cascade Seed Fund. | 2014 | cascadeseedfund.com | Bend, United States | |
Private equity investments are backed by a single-family office firm. | – | capital.vulcan.com | Seattle, United States | |
- | – | accessccf.com | - | |
- | – | blueskyequities.com | - | |
Early stage investments are managed by SWAN Venture Group. | – | swanvg.com | - | |
DataPower Ventures is focused on investing in data-driven startups. | 2019 | dataframe.vc | New York City, United States |
Investor details for Groopit
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Groopit
4 people are tracked at Groopit (3 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Tammy Savage | CEO & Co-founder | Leadership |
John Vert | CTO & Co-Founder | Leadership |
Duane Bray | Chief Product Officer | Leadership |
Jason Burek | Senior Engineer | Team |
Complete people profiles for Groopit
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Groopit
3 dated milestones of Groopit across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Groopit is founded.
- Funding First funding round of $2.0M.
- Funding Latest funding round, Series A, of $6.5M.
Competitors of Groopit
Groopit operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Coda, Cortex, FileCloud, Ninox and Huddle, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| coda.io | 2014 | San Francisco, United States | $240M | 221 | Integrated documents and spreadsheets are utilized for team project management. | |
| cortex.dev | 2019 | Oakland, United States | – | – | Cloud infrastructure is provided for scaling machine learning models. | |
| filecloud.com | 2016 | Austin, United States | $30M | – | Cloud-based platform for file storage and document collaboration is offered. | |
| ninox.com | 2013 | Berlin, Germany | $11.54M | 29 | Cloud-based low-code platform for database application development is offered. | |
| huddle.com | 2006 | London, United Kingdom | $166.9M | 12 | Cloud-based document storage, sharing, and collaboration solutions are offered. | |
| revverdocs.com | 2001 | Lehi, United States | $37.4M | 73 | Document management solutions are provided for business workflows. | |
| litera.com | 2001 | Mcleansville, United States | – | – | Online practice management software is provided for law firms. | |
| playbook.com | 2019 | San Francisco, United States | $22.1M | – | Cloud-based platform utilized for document organization and collaboration. | |
| slite.com | 2016 | Paris, France | $15.54M | – | Cloud-based document collaboration and management software is provided. | |
| akumina.com | 2011 | Nashua, United States | $16.44M | 34 | Cloud-based document collaboration management software is provided. |
Detailed competitors of Groopit
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- Full competitor set
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Latest news on Groopit
Complete news archive for Groopit
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- Older coverage
- Brand-specific news history
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Similar companies to Groopit
10 companies that operate in the same segment as Groopit (Enterprise Collaboration & Video Tools), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based team communication and collaboration platform is provided. | 2009 | San Francisco, California, United States | USD 1.22 B | – | 74 | |
Cloud-based enterprise collaboration suites are delivered for team productivity. | 2002 | Sydney, New South Wales, Australia | USD 210 M | USD 6.57 B | 13,810 | |
Collaborative platform for design prototyping and feedback is provided. | 2012 | San Francisco, California, United States | USD 748.75 M | – | – | |
AI-based platform for secure collaboration and content management is utilized. | 2005 | Redwood City, California, United States | USD 692.63 M | USD 1.18 B | 2,810 | |
Cloud-based software for enterprise collaboration and project management is provided. | 2013 | San Francisco, California, United States | USD 417.7 M | – | – | |
Cloud-based platform for project management and team tracking is offered. | 2012 | Tel Aviv, Israel | USD 234.7 M | USD 1.23 B | 2,510 | |
Integrated documents and spreadsheets are utilized for team project management. | 2014 | San Francisco, California, United States | USD 240 M | – | – | |
Cloud based suite solutions for enterprise project management | 2005 | Bellevue, Washington, United States | USD 120.59 M | – | – | |
Cloud-based file sharing and file transfer application | 2009 | Amsterdam, Netherlands | USD 63.81 M | – | – | |
Real-time communication and conversational AI solutions are provided by Agora. | 2014 | Guangzhou, Guangdong, China | USD 55 M | USD 141.43 M | 608 |
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Frequently Asked Questions about Groopit
Groopit was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Groopit is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Groopit is a funded company, having raised a total of $8.55M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Oct 2021.
Groopit was founded in 2018 and is headquartered in Seattle, United States. The company operates in the cloud software sector, where a platform for document collaboration is provided. Key features encompass real-time data collection, self-organizing controls, enterprise controls, contributor apps, and strategic crowds. Access is supported through a web application as well as mobile versions for iOS and Android devices.
Groopit offers Groopit Platform, Groopit App for Slack, and Groopit App for Salesforce.
Groopit has 12 investors. Key investors include WestRiver Group, Tapas Capital, Ascend, Voyager Capital, and Cascade Seed Fund.
Yes. Groopit publishes Groopit Crowdsolving and 1 more app, with over 500 downloads.