GroupMe Raises $10.6 M., Goes On Hiring Spree

admin — Tue, 04 Jan 2011 20:19:33 -0400

Red-hot NYC startup GroupMe has raised $10.6 million in its second round of funding. The investment was led by Khosla Ventures whose partner David Wieden joined GroupMe's board.

New York VCs also got in on the deal: Lerer Ventures, Betaworks and First Round Capital all participated.

The service, which lets users create text messaging groups and conference calls through a simple app, is also on a hiring binge.

Yesterday GroupMe announced three new staffers and is still on the lookout for talented Android folks to add to their team.

This seems like an example of a startup which is reaping the benefits of the explosive growth in mobile and social technology. Now it's up to the crack team at GroupMe to iterate and innovate beyond their compelling but rather limited array of features.

bpopper at observer dot com - @benpopper

Observer » GroupMe Raises $10.6 M., Goes On Hiring Spree

GroupMe Raises $10.6 M., Goes On Hiring Spree