Groupable Raises Angel Funding

NY-based Groupable has announced a new angel round of funding in the amount of $300,000. The Funders Group, LLC led the round, with The Venture Capital division of Insurial Americas, Inc. joining the round.  Groupable notes that the funding will be used to further develop the company’s online marketplace platform.

Groupable provides a marketplace bringing together online/offline groups and sponsors. The company describes their service as, “We are an online marketplace connecting groups of all types to corporate and local sponsors.” The concept is interesting because so many groups and recurring meetups are always looking for a helping hand from a sponsor for food, venue, etc.

To learn more about Groupable, checkout our initial review. My only concern with Groupable is the ability to get a large enough supply of sponsors into the network. Today’s announcement of their angel round of funding should help gain more groups and sponsors.