Friday, October 22, 2010

Spanish group buying site Groupalia lands another 5 million euros

Groupalia, a Spanish group buying site, has raised 5 million euros in its second institutional round after securing 2.5 million euros back in May.

Again, the funding comes from Nauta Capital, and Caixa Capital Risc, Spanish bank la Caixa’s venture capital division.

Previous angel investors also participated in the round, namely Groupalia CEO Joaquin Engel in tandem with Lucas Carné and Jose Manuel Villanueva (the founders of Privalia, another Nauta portfolio company).

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