Spanish Groupon Lookalike Groupalia Grabs €2.5 Million

May 10th, 2010 | Tags:

Groupalia , a Spanish Groupon clone group buying service provider, has raised €2.5 million in its first institutional round. The financing comes from Nauta Capital , who led the round with an investment of €805,000, and Spanish bank la Caixa who contributed €250,000. The rest comes from individual investors, namely Lucas Carné and Jose Manuel Villanueva (the founders of Privalia , another Nauta portfolio company) with an investment of €660,000, and Groupalia CEO Joaquin Engel (€125,000).

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