About GroupMe
GroupMe is a company based in New York (United States) founded in 2010 was acquired by Skype in August 2011.. GroupMe has raised $11.45 million across 2 funding rounds from investors including Skype, Khosla Ventures and Lerer Hippeau. GroupMe has completed 1 acquisition, including Sensobi. GroupMe offers products and services including Group Chats, Event Hosting, and Polls and Surveys. GroupMe operates in a competitive market with competitors including EloElo, Tango, Spoon Radio, Breakout and Niki Live, among others.
- Headquarter New York, United States
-
Sectors
Telecommunications
-
Phone
*********
-
Website
*********
-
Social
*********
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of GroupMe
GroupMe offers a comprehensive portfolio of products and services, including Group Chats, Event Hosting, and Polls and Surveys. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables creation and management of group conversations for communities
Allows users to plan and organize events within groups quickly
Facilitates quick polls for group decision-making and feedback
Unlock access to complete
Unlock access to complete
Software Development Team
190 people
Leadership Team
159 people
Sales and Marketing
57 people
Product Management Team
30 people
Board Team
11 people
Senior Team
11 people
Finance and Accounting
9 people
Principal Team
9 people
Unlock access to complete
Funding Insights of GroupMe
GroupMe has successfully raised a total of $11.45M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $10.6 million completed in January 2011. 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 Total Funding
- Total Rounds 2
- Last Round Series B — $10.6M
-
First Round
First Round
(25 Aug 2010)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2011 | Amount | Series B - GroupMe | Valuation | Khosla Ventures | |
| Aug, 2010 | Amount | Series A - GroupMe | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in GroupMe
GroupMe has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Skype, Khosla Ventures and Lerer Hippeau. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Early-stage startups are funded by this venture capital firm.
|
Founded Year | Domain | Location | |
|
US focused seed and early-stage VC firm
|
Founded Year | Domain | Location | |
|
USA focused VC firm investing in seed and early stage startups
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by GroupMe
GroupMe has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Sensobi. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Mobile-first address book for Blackberry uses
|
2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - GroupMe
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Groupme Comparisons
Competitors of GroupMe
GroupMe 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 EloElo, Tango, Spoon Radio, Breakout and Niki Live, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Live social entertainment is facilitated via an app-based platform.
|
|
| domain | founded_year | HQ Location |
Live-streaming platform for user connections and content monetization is provided.
|
|
| domain | founded_year | HQ Location |
Online platform offering live podcast streaming solutions
|
|
| domain | founded_year | HQ Location |
Connections through audio are facilitated on an online social platform.
|
|
| domain | founded_year | HQ Location |
Niki Live offers a comprehensive communication app for seamless live streaming experiences.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Groupme
Frequently Asked Questions about GroupMe
When was GroupMe founded?
GroupMe was founded in 2010.
Where is GroupMe located?
GroupMe is headquartered in New York, United States. It is registered at New York, New York, United States.
Is GroupMe a funded company?
GroupMe is a funded company, having raised a total of $11.45M across 2 funding rounds to date. The company's 1st funding round was a Series A of $850K, raised on Aug 25, 2010.
What does GroupMe do?
GroupMe was founded in 2010 in New York, United States, as a provider in the mobile messaging sector. An application is offered that enables group chats, attachment of pictures, and transmission of private messages. Operations focus on facilitating real-time interactions among users through digital platforms, with services centered on the groupme.com domain for accessibility across devices.
Who are the top competitors of GroupMe?
What products or services does GroupMe offer?
GroupMe offers Group Chats, Event Hosting, and Polls and Surveys.
How many acquisitions has GroupMe made?
GroupMe has made 1 acquisition, including Sensobi.
Who are GroupMe's investors?
GroupMe has 10 investors. Key investors include Skype, Khosla Ventures, Lerer Hippeau, First Round Capital, and General Catalyst.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.