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GroupMe Raises Seed Venture Capital Financing

Friday, August 27, 2010 5:36:00 AM PDT | VentureDeal Staff

New York, New York  --  Mobile company GroupMe has raised $850,000 in early stage venture capital financing.

GroupMe has developed technology that allows individuals to send text messages to multiple people and communicate accordingly.

Investors in the round included Betaworks, First Round Capital, Lerer Ventures and SV Angel. Proceeds purposes from the financing were not disclosed.

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