Spanish Group Buying Website Groupalia Raises $15 Million

Posted Apr 11, 2011

Groupalia is a Spain-based group buying website that has raised $15 million from their current shareholders and new investors. Investors in this round include General Atlantic, Insight Venture Partners, and Index Ventures. Like, Groupalia has a daily deal in the form of discount coupons and they are expecting to turn over about $150 million in 2011 revenues. The extra funding will be used for consolidating their position in the countries that they are already established in. Groupalia has about 6 million users, 400 employees, and is present in 8 countries. [TC Europe]