Tech Company Financing Transactions

GroupMe Funding Round

GroupMe closed a $10.6 million Series B funding round on 1/5/2011. Investors included Khosla Ventures, Lerer Hippeau and Betaworks.

Transaction Overview

Company Name
Announced On
1/5/2011
Transaction Type
Venture Equity
Amount
$10,600,000
Round
Series B
Investors

Khosla Ventures (Lead Investor) (David Wieden)

Lerer Hippeau (Lead Investor) (Kenneth Lerer)

Betaworks

First Round Capital

General Catalyst Partners

SV Angel

Proceeds Purpose
Proceeds purposes were not disclosed.

Company Information

Company Status
Acquired or Merged
Industry
Mobile
Mailing Address
Undisclosed
New York, NY 10001
USA
Phone
Undisclosed
Email Address
Overview
Ever send a text message to multiple people? Wish your friends could reply all? GroupMe enables you to organize and communicate with the groups of people in your life that are important to you.
Profile
GroupMe LinkedIn Company Profile
Social Media
GroupMe Company Twitter Account
Company News
GroupMe News
Facebook
GroupMe on Facebook
YouTube
GroupMe on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Steve Martocci
  Steve Martocci LinkedIn Profile  Steve Martocci Twitter Account  Steve Martocci News  Steve Martocci on Facebook
Co-Founder
Jared Hecht
  Jared Hecht LinkedIn Profile  Jared Hecht Twitter Account  Jared Hecht News  Jared Hecht on Facebook


 

 

Browse more venture capital transactions:

Prev: 1/5/2011: SoloPower venture capital transaction
Next: 1/5/2011: Turn venture capital transaction

 

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About Our VC Transactions Data

We do our best to report on every notable VC transaction. VC transactions reported here are derived from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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