Groopit
Groopit is a technology company.
Financial History
Groopit has raised $10.6M across 3 funding rounds.
Frequently Asked Questions
How much funding has Groopit raised?
Groopit has raised $10.6M in total across 3 funding rounds.
Groopit is a technology company.
Groopit has raised $10.6M across 3 funding rounds.
Groopit has raised $10.6M in total across 3 funding rounds.
Groopit has raised $10.6M in total across 3 funding rounds.
Groopit's investors include Broadway Angels, Silicon Valley Connect, Tapas Capital, WestRiver Group, Accel, B Capital Group, Greylock, Oren Yunger, Obvious Ventures, REMUS Capital, S28 Capital, Sapphire Ventures.
Groopit is an enterprise SaaS platform pioneering crowdsolving, a new category that combines real-time data collection from frontline employees with generative AI to deliver actionable insights for leaders. It enables monitoring strategic initiatives, diagnosing problems, and accelerating results by capturing data via integrations like Slack, Teams, Salesforce, and mobile apps, then using AI to analyze, refine, and distribute intelligence without workflows disruptions.[1][2][3][4]
Serving enterprise leaders in sales, operations, and beyond, Groopit solves the "iceberg of ignorance"—where leaders lack visibility into frontline realities—by empowering distributed teams to report data in under a minute, yielding game-changing clarity and agility. The company has raised $6.5M total funding across 4 rounds, including a $3.5M seed led by WestRiver Group in 2023, signaling strong early momentum toward broader adoption.[1]
Founded in 2018 by Tammy Savage and John Vert, both former Microsoft executives, Groopit drew inspiration from consumer apps like Waze, which crowdsource real-time data for traffic alerts. The duo recognized enterprises needed similar capabilities to engage "extended teams" (frontline employees) for tackling high-priority issues, evolving from basic crowdsourcing to crowdsolving—real-time direction, data collection, and visibility.[1][5]
Early traction came from simplifying problem-solving without spreadsheets or lengthy meetings; a pivotal moment was the 2023 $3.5M seed funding, which fueled AI integration. By 2024, Groopit advanced to blend human intelligence with extractive and generative AI, boasting a Net Promoter Score (NPS) of 100 from solving revenue, operations, and satisfaction challenges.[1][3]
Groopit rides the AI-augmented workforce trend, timing perfectly with generative AI's rise (post-2023) and enterprise demands for frontline intelligence amid remote/hybrid work. It counters "iceberg of ignorance" in large organizations, where 90%+ of issues hide below surface visibility, by democratizing data from distributed employees—aligning with forces like AI adoption in operations (e.g., Salesforce Einstein) and crowdsourcing evolution from consumer apps.[3][5]
In the SaaS ecosystem, Groopit influences by creating crowdsolving as a standard for real-time human-AI hybrid intelligence, reducing decision latency in sales, customer success, and ops. Market tailwinds include AI's shift from hype to enterprise integration, with Groopit's no-code, hallucination-free approach positioning it against fragmented tools like surveys (Typeform) or basic AI (ChatGPT Enterprise).[2][4]
Groopit is poised to scale as the go-to platform for AI-driven crowdsolving, with next steps likely including deeper enterprise integrations, vertical expansions (e.g., healthcare, manufacturing), and Series A funding to capture the growing $50B+ frontline intelligence market. Trends like multimodal AI and agentic workflows will amplify its edge, evolving influence from niche innovator to ecosystem enabler—melting ignorance icebergs enterprise-wide and proving every problem solvable through human-AI synergy.[2][3]
This positions Groopit as a high-momentum bet for leaders seeking real-time agility in an unpredictable world.[1][5]
Groopit has raised $10.6M across 3 funding rounds. Most recently, it raised $8.0M Seed in May 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 1, 2023 | $8.0M Seed | Broadway Angels, Silicon Valley Connect, Tapas Capital, WestRiver Group | |
| Oct 1, 2021 | $2.0M Seed | Broadway Angels, Silicon Valley Connect, Tapas Capital, WestRiver Group | |
| Mar 1, 2018 | $550K Seed | Accel, B Capital Group, Broadway Angels, Greylock, Oren Yunger, Obvious Ventures, REMUS Capital, S28 Capital, Sapphire Ventures, Signal Peak Ventures, Silicon Valley Connect, Team8, Tekton Ventures, TY, WndrCo LLC, Alice Lloyd George, Arash Ferdowsi, Chris Smoak, Drew Houston, George Hu, Lisa Gansky |