groupspaces

GroupSpaces secures $1.3 million and brings Valley players on board

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Not unlike Mark Zuckerberg a few years ago, a couple of British Oxford university students realised there had to be a better way to network online – but they took a rather different approach. After studying how their college’s clubs and societies worked – and running a few themselves – David Langer and Andy Young came up with GroupSpaces in 2007. Three years later they’ve expanded beyond university campuses to hit 500,000 group memberships and are now set to go international with the injection of $1.3m investment. The round comes from Index Ventures and leading angel investors including Dave McClure, Chris Sacca, Simon Levene, Meagan Marks, Ariel Poler and Quincy Smith of CODE Advisors.

This is the first investment announced from the new Index Seed Fund and as such Index partner, Mike Volpi, will take a board seat. Existing investors Stephen Bullock and Simon and Michael Blakey of Avonmore Developments also participated in the round. That line-up attests to the interest this startup is creating – it’s extremely rare for this many high-profile Silicon Valley angel investors to invest in a UK startup. The cash will be used to expand their engineering and marketing teams in both the UK and US.

GroupSpaces is super-simple online management and administration tool for real-world groups. In fact there’s an irony that while Zuckerberg (seen below in front of Langer) admittedly came up with Facebook, the Groups application on Facebook remains pretty poor for proper group management. Having used GroupSpaces myself I’ve found it highly functional, though it could probably use a new UI, which I dare say is in now the pipeline.

Having said that, the all-in-one set of tools works very well for sports clubs, hobby groups, associations and student societies. The integrated offering makes administration of groups easy, and is designed to be way more easy to use than a Yahoo! group for mailing list, member records in Excel and collecting payments through various clunky offline means.

GroupSpaces only requires group leaders to sign up, making it faster to adopt than, say, a Ning group. Group members can be imported from Excel and get emails, register for events and pay their membership dues, all without having to create a user account and password.

The site is free for groups with less than 250 members and for student groups of any size. Above 250 members, pricing starts at £5/month. The company generates revenue via a combination of premium accounts, targeted advertising and transaction commission from payments made through the site.

  • Oflife

    Well deserved, and evidence that focus, persistence, pragmatism and knowing your customer is key.

  • Brett

    How does this compare to Wiggio?

  • http://maxniederhofer.com Max Niederhofer

    This is exciting news. Well done and well deserved.

  • http://Www.WAYN.com Peter Ward

    Well done guys! Well deserved!!!

  • http://www.oxei.co.uk Eileen Modral

    Great news and agree, so well deserved.

  • Anders Ibsen

    This is a clone of http://www.groupcare.com that came up in 1998. I see absolutely no new inventions from Group Spaces compared to Group Care – English version available here: http://portal.groupcare.dk/?lang=en

    • Colonel

      well for starters: it is in English.

  • Sue Harrison

    Great news, well done to you both, really well deserved!

  • http://dealbook.blogs.nytimes.com/2010/07/02/groupspaces-attracts-high-profile-investors/ GroupSpaces Attracts High-Profile Investors - DealBook Blog - NYTimes.com

    […] Chris Sacca, Simon Levene, Meagan Marks, Ariel Poler and Quincy Smith of CODE Advisors, TechCrunch reported. Previous backers Stephen Bullock and Simon and Michael Blakey of Avonmore Developments also […]

  • http://s-postal.ru s-postal.ru

    Написано конечно всё правильно, хотя и только поверхностно. В любом случае спасибо

  • http://davidlanger.co.uk/2010/07/04/groupspaces-secures-1-3m-funding-from-index-ventures-and-silicon-valley-angel-investors/ GroupSpaces secures $1.3M funding from Index Ventures and Silicon Valley angel investors | Freed from The Matrix

    […] read our press release about this announcement and see some of the press coverage we received on TechCrunch, The Daily Telegraph, The New York Times and The Next Web. SHARETHIS.addEntry({ title: "GroupSpaces […]

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  • http://www.arturmajsterek.com Artur Majsterek

    Congratulations David and team!! the way to go and show the world that UK start ups can do great things!

  • http://www.joaobelo.co.uk Joao Belo

    I’ve reviewed GroupSpaces in my Startup Review series: http://bit.ly/cGpGCu

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    […] is creating some interesting synergies for young startups. UK-startup GroupSpaces, which recently announced new funding, has partnered with WePay, a former ycombinator startup billing itself as the “Paypal for […]

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    […] is creating some interesting synergies for young startups. UK-startup GroupSpaces, which recently announced new funding, has partnered with WePay, a former ycombinator startup billing itself as the “Paypal for […]

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    […] like the slightly archain BigTent are being touted, as is GroupSpaces – a startup which last year raised $1.3 million from the likes of Index Ventures and Angels like Dave McClure and Chris […]

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  • http://hkanm.org/?p=14822 Meetup Feels The Wrath Of The Crowd After Radical Changes | 香港新媒體協會

    […] to Meetup like BigTent are being touted, as is GroupSpaces – a startup which last year raised $1.3 million from the likes of Index Ventures and Angels like Dave McClure and Chris Sacca. It is is already […]

  • http://letbeep.unlimitedtree.com/wp/?p=136316 Meetup Feels The Wrath Of The Crowd After Radical Changes | LETS BEEP Blog

    […] to Meetup like BigTent are being touted, as is GroupSpaces – a startup which last year raised $1.3 million from the likes of Index Ventures and Angels like Dave McClure and Chris Sacca. It is is already […]

  • http://solidelectronics.com.mx/blog/2011/01/meetup-feels-the-wrath-of-the-crowd-after-radical-changes/ Solid Electronics Blog » Meetup Feels The Wrath Of The Crowd After Radical Changes

    […] to Meetup like BigTent are being touted, as is GroupSpaces – a startup which last year raised $1.3 million from the likes of Index Ventures and Angels like Dave McClure and Chris Sacca. It is is already […]

  • http://technews.dev.agriya.com/?p=6 Meetup Feels The Wrath Of The Crowd After Radical Changes | technews

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