GroupSpaces secures $1.3M funding from Index Ventures and Silicon Valley angel investors

We are very pleased to announce a new $1.3 million round of funding for GroupSpaces this week.

Mike Volpi (left), celebrating with the GroupSpaces team

We raised this investment to enable us to expand our engineering team and build many more features into our product to meet all the needs of our diverse and growing user-base of sports clubs, university societies, local interest groups and associations. We will also be using the money to expand our marketing teams in the UK and US, enabling us to bring GroupSpaces to a much wider audience.

The investment round was led by European Venture Capital firm Index Ventures, who has previously invested in Skype, Last.fm, MySQL and Betfair, amongst many other successful technology companies. We are glad to work with Index as they have a fantastic track record in helping early-stage Internet companies develop into global leaders. Index Ventures Partner, Mike Volpi (former Chief Strategy Officer for Cisco and above on the left, with the GroupSpaces team), joins us as a Director and you can read about why he led the investment in GroupSpaces on the Index Ventures blog.

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