Index Ventures et al. back GroupSpaces with $1.3m
Index Ventures and a consortium of business angels have invested $1.3m in online group management specialist GroupSpaces.
GroupSpaces was founded by two Oxford University students in 2007. It provides online group management solutions to meet the needs of entities such as sports clubs, hobby groups, associations and student societies.
GroupSpaces is currently used to manage over 500,000 group memberships and generates revenue via a combination of premium accounts, targeted advertising and transaction commissions for payments made through its site.
The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.
If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com
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