GroupMe is a mobile group messaging app launched in May 2010. As of August, 2011, GroupMe delivers in excess of 100 million messages each month.

History

GroupMe was conceived at TechCrunch Disrupt 2010. Founders Jared Hecht and Steve Martocci raised US$10.6 million in venture capital

Venture capital

Venture capital is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as...

 from Khosla Ventures

Khosla Ventures

Khosla Ventures is a venture capital firm focused on early stage companies in the Internet, computing, mobile, silicon technology and clean technology sectors....

, General Catalyst Partners

General Catalyst Partners

General Catalyst Partners is a private equity firm focused on venture capital investments in early stage technology-based companies including software, infrastructure software and applied technology businesses. The firm has also includes a growth capital team that focuses on later stage...

, angel investors, and others.
August 2011, Skype acquired the one-year old start-up for around $80 million