Facebook acquires ShareGrove

Facebook is acquiring the assets of ShareGrove, a business that allows users to share conversations, web pages, pictures and video with groups they choose. All participants in a Sharegrove conversation see the same thing at the same time.

Seed funding came from Elm Street Ventures, whose Managing Partner, Rob Bettigole, sat on the company’s board of directors.

ShareGrove’s announcement reads, “We’re happy to announce that we’ve reached an agreement for Facebook to acquire our assets, and that we’re joining the Facebook engineering team! We’ve always thought that Facebook had a great product, and through this acquisition process, we’ve found out that there’s a great team behind it. Now we’re excited to bring some of that Sharegroviness that you know and love to Facebook.”

Location: USA, San Mateo, CA

Ref: F231109-468

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