GroupMe in $30M Bid War
New York-based group texting startup GroupMe is caught in the middle of an East Coast vs. West Coast venture capital brawl, pushing it’s valuation north of $30 million, according to a report.
Bidding from the West Coast included big names Sequoia, Andresseen Horowitz, and Khosla Ventures, while East Coast bidders included General Catalyst, Flybridge, and Union Square Ventures, according to the Silicon Alley Insider.
GroupMe lets users create mobile groups of users that can be contacted with a single phone number.
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