YUNAIT UNIDOS PARA AHORRAR, SL, a Madrid, Spain-based company that operates a daily deal aggregator website (Yunait.com), has received €2m in equity and debt financing.
The €1m equity round was led by Inveready, which acquired a minority stake in the company, with participation from angel investors including Javier Martín. The rest was raised through a government soft loan.
Following the investment, founder and CEO Pablo Elosúa continues as the main shareholder of the company.
Following the investment, founder and CEO Pablo Elosúa continues as the main shareholder of the company.
Launched in September 2010, Yunait.com collects deals offered by collective buying sites (such as Groupon, Offerum and Groupalia), and only-membership outlets (such as Privalia, BuyVip) operating in different Spanish markets including Madrid, Barcelona, Valencia, Bilbao, Zaragoza, Sevilla, Málaga, Alicante, Palma de Mallorca and Valladolid.
According to local reports, the company intends to use the funds to further grow the service in Spain, develop on mobile platforms and expand intenrationally.
FinSMEs
13/04/2011