Groupalia is an online group-buying site that features a daily deal in the form of discount coupons for activities, goods and services in the cities where it operates. The company projects 2011 turnover of $175 million, up from a prior $150 million target. Founded in 2009, Groupalia reports roughly 10 million users worldwide and a presence in 150 cities across eight countries, with growing operations in Latin America as well as in Spain and Italy. It employs over 600 people and works with a network of more than 10,000 partner companies. The company recently raised additional financing, detailed below. Groupalia curates a daily discounted deal (coupon) for things to do, see, eat and buy in the cities where it is present. The company claims 6 million users and about 400 employees, and reports operations across eight countries: Spain, Italy, Brazil, Mexico, Argentina, Colombia, Chile and Peru. Founded in May 2010, Groupalia was built quickly and expects a turnover of $150 million in 2011—about 16 times the turnover booked the prior year. Recent capital will be used to consolidate its position in countries where it already operates and to explore strategic partnerships or acquisitions. The business model centers on local merchant deals and rapid geographic expansion; the article does not specify the financing instrument for the new funding. Prior to this round, the company raised €2.5M in May 2010 and €5M in October 2010. Groupalia is a Spanish group-buying website that sells discounted deals to consumers. TechCrunch reports the company landed another $7 million in funding. The article does not disclose the financing instrument, investors, or valuation. No operating metrics, founding year, or specific future plans are provided in the TechCrunch piece. Coverage is limited to the announcement of the $7M funding rather than product or strategic details. Groupalia is a Spanish online daily-deals company modeled after Groupon that offers time-limited group discounts. TechCrunch describes it as a Groupon lookalike operating in the daily-deals marketplace. The article reports that Groupalia has secured €2.5 million in funding. The piece does not provide operating metrics such as revenue or user counts. No details on investors, the financing instrument, or use of proceeds are disclosed in the article. The article also does not discuss the company’s founding year or specific future plans.

Total raised

$51M

Funding rounds

4

Latest round

Equity

Latest activity

Aug 2011