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GroupSpaces Secures $1.3m to be Ning for the Real World
UK startup GroupSpaces.com , which aims to be the number one choice for organizers of real-world groups, has secured $1.3 million in funding from Index Ventures plus a range of world class angel investors. This is great news for other European entrepreneurs who think that Silicon Valley expertise and funding is out of their reach and will hopefully quash the old-age debate of which location is better to grow a tech start up: Silicon Valley versus Europe. Founders David Langer, 24 and Andy Young, 25, who set up the company in 2007 whilst studying at Oxford University, say they will be using the funding to expand their engineering and marketing teams. The key to GroupSpaces’ platform is that group organization is integrated, so instead of having a Yahoo!
