Another Shopping Club, Privalia, Gets VC Funding
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Perhaps it’s no coincidence that one of the sectors that’s still attracting healthy VC investment is one that helps people save money on consumer goods. Shopping clubs organise shoppers in to social groups, then give them big discounts off products obtained direct from manufacturers. In recent months, we’ve seen Germany’s Brands4Friends get a €10 million third round, Russia’s KupiVIP.ru get an €8 million second round and Madrid’s BuyVIP get €14.9 million...
SEE ALSO: Russian Online Shopping Club KupiVIP.ru Secures $8 Million VC Funding
The latest is another Spaniard - Barcelona-based Privalia is getting €8 million from Insight Venture Partners and Highland Capital Partners, Expansion reports (via Loogic).
@robertandrews
May 28, 2009 4:02 AM ET
Posted In: Money, M&A & Venture Capital, Venture Capital, Countries, Europe, Spain
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