GroupMe Raises $10.6M, Hires More Staff, and Has No Plans for Revenue in the Next 9 Months
Investors continued to back group texting startup GroupMe this week to the tune of $10.6 million, despite the year-old startup’s lack of revenue plan.
Co-founder Jared Hecht announced on the company blog that GroupMe closed a second round of funding, with investments coming from Khosla Ventures, General Catalyst, First Round Capital, and several first-round partners this week.
The New York-based GroupMe, which is built on a mobile messaging platform from Twilio, a San Francisco-based startup, is focused entirely on building up its service, which is free for users.
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