COMPANY PROFILE

GroupMe

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GroupMe | Group text messaging with GroupMe

New York City, United StatesFounded 2010Consumer Services

Valuation $50–100M Last recorded · 2011

Headcount <100 Current team size

Total funding $10–50M Disclosed equity funding

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About GroupMe

GroupMe is a free group messaging platform designed to facilitate seamless communication among various groups such as family, friends, and coworkers. Operating in the social networking market, GroupMe offers a private chat room experience for small groups, allowing users to coordinate activities, share photos, and engage in private conversations. The platform is part of the Skype family, following its acquisition in August 2011. GroupMe's business model revolves around providing a free service to users, with potential revenue streams from partnerships and integrations within the Skype ecosystem. The app is available for download on multiple platforms, making it accessible to a wide range of users. Key features include expressive emojis, video sharing, and the ability to mute notifications for individual groups. Founded by Jared Hecht and Steve Martocci in 2010, GroupMe has become an indispensable tool for group communication.

MoreLess Source: Dealroom company data

At a glance

Status: Acquired
Founded: 2010
Headquarters: New York City, United States
Employees: 10
Open positions: None listed
Dealroom signal: 78.5/100
Industry: Media
Sub-industry: Social media
Sector: Consumer Services, Social Media, Messaging, App
Client focus: b2c
Links: Website LinkedIn X

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Funding history

3 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
ACQUISITIONOther financing	Aug 2011	$0	—	Skype	—
SERIES BOther financing	Jan 2011	$11M	$42M	David Tisch · Khosla Ventures · General Catalyst	—

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Growth signals

GroupMe website traffic

Latest recorded traffic for GroupMe is 8.3M monthly website visits, down 40.7% over the last three months. GroupMe's team grew 0% over the past year.

Latest monthly visits8.3M 3-month web change-40.7% 1-year team growth0%

Monthly website visitsDec 2018–Jul 2026

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