GroupSpaces Raises $1.3M in Funding

GroupSpaces, a London, UK-based provider of online tools to manage real world groups such as sports clubs, charities, associations and other organizations, has raised $1.3m in funding.
Investors in the round include Index Ventures and business angels Dave McClure, Chris Sacca, Simon Levene, Meagan Marks, Ariel Poler and Quincy Smith of CODE Advisors. Existing investors Stephen Bullock and Simon and Michael Blakey of Avonmore Developments also participated.
In conjunction with the funding, Index Ventures partner, Mike Volpi, will join the company’s board.
Founded in 2007 by David Langer and Andy Young whilst they were students at Oxford University, the service allows group leaders to create a free website or integrate with an existing website, run mailing lists, manage a membership database and organize and promote events.
GroupSpaces currently manages over 500,000 group memberships. The service is free for groups with less than 250 members and for student groups of any size. Above 250 members, pricing starts at £5/month.
Commenting on the funding, GroupSpaces founder, David Langer, was quoted as saying:: “We’re delighted we were able to attract such high profile investors to this funding round and we look forward to leveraging their expertise in helping us to move forward with our growth strategy and expansion into new geographies, attracting top talent to our team and rapidly rolling out our product roadmap”.

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