Daily Deals Giant Groupalia Scores $26M In Funding, Raises 2011 Turnover Target To $175M

Online group buying startup Groupalia has secured another $26 million in financing, bringing total capital raised to roughly $63 million, after landing a $15 million capital injection earlier this year.

The company, which has growing operations all over Latin America as well as in Spain and Italy, has raised the fresh capital from all its existing shareholders: Nauta Capital, Caixa Capital Risc, private investors Lucas Carné and José Manuel Villanueva as well as VC firms General Atlantic, Insight Venture Partners and Index Ventures.

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