Nauta and Caixa inject further €3.5m into Groupalia

Spanish media group Atresmedia also contributed to the round, designed to reinforce the company's position following the sale of its Italian business in December 2013.

In May 2010, Nauta Capital led a €2.5m series-A round for the firm, with support from Caixa Capital Risc. Nauta committed €850,000 to the round with Caixa contributing €250,000, while the founders and CEO invested €660,000 and €125,000 respectively, according to unquote" data.

In October that year, the investors provided the firm with a further €5m to boost its expansion into Latin America and southern Europe.

August 2011 saw Index Ventures, Caixa Capital Risc, Nauta Capital, General Atlantic and Insight Venture Partners subscribe to a $26m capital increase for the firm, with co-investment from the managing directors and founders of the company. The firm had achieved a $19m turnover in 2011, which it expected to rise to $175m in 2012.

In March 2012, Groupalia sold its Latin American subsidiaries to Brazilian daily deals site Pez Urbano to focus on its core operations in Europe. Groupalia sold off its Italian business in 2013 to refocus on Spanish markets.

Company
Founded in 2009, Barcelona-based Groupalia is a discount website offering a daily deal on gyms, spas, events and restaurants in eight different countries across Europe and Latin America.

People
Carlos Trenchs is a director at Caixa Capital Risc. Marcel Rafart is a partner at Nauta and director of Groupalia. 

 

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• Topics
• Southern Europe
• Consumer
• Expansion
• Spain
• Nauta Capital
• Caixa Capital Risc