Tiger Global subscribes to €3m Mequedouno round

The company's founders contributed €200,000 to the round, while Tiger Global provided the rest of the capital.

Mequedouno will direct this new funding towards its international expansion in Brazil and Mexico, which it believes are the countries that show the greatest growth potential within Latin America. If successful, it intends to extend the website into other South American markets in 2012.

Company
Mequedouno is a website that sells a product per day at a discount of between 30-70%. It was founded in November 2009 and is based in Barcelona.

The company generated a turnover of €1.5m in 2010 and forecasts sales of €3m this year.

People
Borja Recolons, Pablo Recolons and Nacho Giral are the founders of Mequedouno. Recolons is the company's CEO.

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• Topics
• Southern Europe
• Expansion
• Consumer
• Spain