Yahoo has acquired the MessageMe mobile messaging app for iOS and Android, reports TechCrunch.
The deal, we’re hearing from multiple sources, is a talent acquisition falling into the “single-digit” millions. [Update: We’re hearing now that the deal may actually better than this. Word is the deal is actually in the double-digit millions, and has been structured to be favorable to investors and employees alike.) Yahoo is announcing the acquisition internally today, and the MessageMe team begins work Monday.
In early 2013 the app raised $10 million in Series A funding, in a round led by ex-Mozilla CEO John Lilly of Greylock Partners. TechCrunch also notes that investors in the startup include some high profile venture capitalists such as: True Ventures, First Round Capital, Google Ventures, SVAngel, Resolut.vc, Andreessen Horowitz, and Social+Capital Partnership, and other angels. Some of those helped finance a $1.9 million seed round in March 2013.
In May 2013, MessageMe reached 5 million users, just 2.5 months after it debuted. However, the app was apparently unable to keep up that level of growth.
You can still download MessageMe from the App Store for free.
Download
The deal, we’re hearing from multiple sources, is a talent acquisition falling into the “single-digit” millions. [Update: We’re hearing now that the deal may actually better than this. Word is the deal is actually in the double-digit millions, and has been structured to be favorable to investors and employees alike.) Yahoo is announcing the acquisition internally today, and the MessageMe team begins work Monday.
In early 2013 the app raised $10 million in Series A funding, in a round led by ex-Mozilla CEO John Lilly of Greylock Partners. TechCrunch also notes that investors in the startup include some high profile venture capitalists such as: True Ventures, First Round Capital, Google Ventures, SVAngel, Resolut.vc, Andreessen Horowitz, and Social+Capital Partnership, and other angels. Some of those helped finance a $1.9 million seed round in March 2013.
In May 2013, MessageMe reached 5 million users, just 2.5 months after it debuted. However, the app was apparently unable to keep up that level of growth.
You can still download MessageMe from the App Store for free.
Download