Groupalia adds $26 million for global growth

Index Ventures, the London-based technology investor, has joined a $26 million (£15.9 million) financing for online group buying business Groupalia.

The Spanish start-up, which was founded in 2009, has now raised a total of $63 million in capital after securing $15 million in April this year. The Barcelona-based deals website aims to consolidate growth plans for new markets, particularly in Latin America as well as in Spain and Italy with the funding.

Existing shareholders Nauta Capital and Caixa Capital Risc, and private investors Lucas Carné and José Manuel Villanueva as well as other venture capital firms General Atlantic and Insight Venture Partners participated in the round.

Co-founded by Lucas Carné and José Manuel Villanueva last year, Groupalia has 10 million users worldwide and is present in 150 cities in the eight countries in which it operates. The company has over 600 employees and boasts a network of over 10,000 partner companies.

Marcel Rafart, the president of the company, comments, ‘With this injection of funding, we aim to consolidate our global position as a leader in the sector and increase our international presence with selective openings in strategic countries. Our efforts are also aimed at continually improving the quality of our campaigns and providing a better service to customers and our partners.’

The fundraising follows two funding rounds last year. The business secured $3.24 million in May and $7 million in October last year.

Todd Cardy

Todd Cardy

Todd was Editor of between 2010 and 2011 as well as being responsible for publishing our digital and printed magazines focusing on private equity and venture capital.

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