Group buying website Groupalia has raised €18m in venture capital funding.
Backers include founders Lucas Carné e José Manuel Villanueva, and investors Nauta Capital, Caixa Capital Risc, General Atlantic, Insight Venture Partners and Index Ventures.
The company intends to use the funds to consolidate its position in existing markets, expand in new countries, and improve the quality of its services to customers and partners.
A leader in the sale of online leisure activities, Groupalia is currently present in eight countries (Spain, Italy, Brazil, Mexico, Argentina, Chile, Colombia and Peru) and 150 cities.
Founded in 2010 and led by president Marcel Rafart, the company employs about 600 people and has a network of more than 10.000 partners.