• GroupMe Scores $10.6 Million From Khosla Ventures And Others

    Tuesday, January 4th, 2011

    J. Michael Arrington (born March 13, 1970 in Huntington Beach, California) is a serial entrepreneur and the founder of TechCrunch, a blog covering startups and technology news. Arrington attended Claremont McKenna College (BA Economics, 1992) and Stanford Law School (JD, 1995) and practiced as a corporate and securities lawyer at two law firms: O’Melveny & Myers and Wilson Sonsini Goodrich... → Learn More

    GroupMe, a startup conceived at the TechCrunch Disrupt: New York hackathon, has closed its second round of financing. This new round, $10.6 million, is a big round for a startup that’s just 8 months old and had previously raised $850,000.

    Khosla Ventures led the round, and partner David Wieden joins their board of directors. New investor General Catalyst Partners also participated, as did previous investors First Round Capital, Lerer Ventures, betaworks and SV Angel.

    The service allows users to create on the fly text messaging groups and conference calls. Millions of text messages are being sent via GroupMe each week, says the company. They now have 10 employees.

    Company: GroupMe
    Website: groupme.com
    Launch Date: May 2010
    Funding: $11.5M

    GroupMe is a group messaging service that lets you stay in touch with groups of people via mobile phones and the web. The service allows you to effortlessly group text with the people in your life that are important to you. It’s totally free and works on every phone. GroupMe is based in New York and was founded in May 2010 at the TechCrunch Disrupt Hackathon. In August 2011, GroupMe was acquired by Skype, which was subsequently acquired by Microsoft...

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