Groupalia, a Spain-based online collective buying website, has raised €5m ($7m) from a consortium including local bank La Caixa.
Caixa Capital Risc, La Caixa’s venture capital division, joined venture capital firm Nauta Capital and angel investors Lucas Carné and José Manuel Villanueva, the founding partners of Groupalia peer Privalia.
The company raised €2.5m in May and offers its services in Spain, Italy, Brazil, Mexico and Argentina.
Joaquín Engel, chief executive of Groupalia, said: "In just six months of…
