GoTo in a few pages, for writers, partners and anyone curious: the facts, the people, the money, the products and the news. Put together by ToolGPA, not by GoTo.
Grasshopper, a virtual phone service for small businesses in the US and Canada, belongs to GoTo, the Boston company formerly called LogMeIn that also sells GoTo Connect and LogMeIn Resolve. It earns money from monthly subscriptions. Grasshopper itself began in 2003 as GotVMail, founded by Siamak Taghaddos and David Hauser.
Founded
2003
Based in
Boston
Chief executive
Rich Veldran
Valuation
$4.3 billion
Latest round
Debt, $100 million
Ownership
Privately held
Unofficial. Put together by ToolGPA from GoTo’s own pages, news reports and our own grades, read Oct 18, 2026. Not made, paid for or approved by GoTo. toolgpa.com
Part 01 · Company
The company
Who they are, the facts in one place, and the people who run it
2003
The year GoTo was founded, in Boston
In a sentence
Grasshopper, a virtual phone service for small businesses in the US and Canada, belongs to GoTo, the Boston company formerly called LogMeIn that also sells GoTo Connect and LogMeIn Resolve. It earns money from monthly subscriptions. Grasshopper itself began in 2003 as GotVMail, founded by Siamak Taghaddos and David Hauser.
In a paragraph
GoTo was founded in 2003 and is based in Boston, Massachusetts. Rich Veldran is its chief Executive Officer, GoTo; Siamak Taghaddos and David Hauser are co-founders. Its last reported valuation was $4.3 billion, in August 2020.
Free to quote. Please link to toolgpa.com so readers can check the facts.
Fact sheet
Company
GoTo
Founded
2003
Based in
Boston, Massachusetts
Last valuation
$4.3 billion (Aug 31, 2020)
Website
grasshopper.com
Products we list
Grasshopper
Ownership: Privately held
Grasshopper's About page says it was acquired by GoTo. GoTo (then LogMeIn) has been privately held since affiliates of Francisco Partners and Evergreen Coast Capital, Elliott's private equity affiliate, completed their purchase of it in August 2020, per its SEC filing.
Leadership
RV
Rich Veldran
Chief Executive Officer, GoTo
ST
Siamak Taghaddos
Co-founder of Grasshopper
DH
David Hauser
Co-founder of Grasshopper
OL
Olga Lagunova
Chief Innovation and Technology Officer, GoTo
Hiring
12 open roles across the whole of GoTo: 4 in marketing, 3 in engineering, 2 in customer care, and 1 each in product, corporate development and sales.
Affiliate program
Pays as much as $150 per order, on 60-day payment terms, with quarterly promotions. Sign-up runs through impact.com.
Part 02 · Funding
The money
Every announced round, who put money in, and what it was last valued at
$4.3B
Last reported valuation, Aug 31, 2020
GoTo is owned by private equity rather than funded in rounds: Francisco Partners and Evergreen Coast Capital bought it, as LogMeIn, in 2020. In February 2024 GoTo said certain lenders invested $100 million when it closed a debt exchange, with no change to its equity ownership.
Every announced round
Feb 5, 2024Debt$100 milliongoto.com
Last valuation
$4.3 billion
Aug 31, 2020
LogMeIn, now GoTo, announced this aggregate equity valuation when its sale to Francisco Partners and Evergreen Coast Capital closed. It values the whole company, not Grasshopper alone.
What they make
Grasshopper, as ToolGPA grades it: five subjects, a letter for each, and a GPA.
Grasshopper
Virtual business number on your own phone, priced per account
#2 of 20 business phone systemsFrom $14 per month, billed annually4.7 on the App Store
3.0GPA
Our pick for a solo owner or small team who wants one flat monthly bill. Grasshopper gives you a business number that rings on the phone you already have, for one flat monthly fee however many people answer.
AValue
CFree
CFeatures
AEase
BPlatforms
Grasshopper’s grade as a badge for its own site, free: it updates itself and links to the review. Code at toolgpa.com/badges.
Part 04 · News
News and contacts
What they have announced lately, and every official channel
This media kit is ToolGPA’s own summary of what GoTo’s pages, news reports, investors’ announcements and public filings said on the dates shown, with our own grades. It is not made, paid for or approved by GoTo, and GoTo’s names and logos are trademarks of their owner. Grades are our judgement under the rules at toolgpa.com/grades. ToolGPA uses affiliate links and may earn a commission from them, and it works with sponsors; no one can pay for a grade. Product pictures are GoTo’s own, from its website and app-store listings.
