Groople grabs $6 million in venture capital
Published August 10, 2006 at midnight
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Groople, a Centennial-based online group travel company, said it has secured an additional $6 million of financing and plans to add to its 47-employee work force.
ArrowPath Venture Partners and FA Technology Ventures led the round, with existing investors Vista Ventures, Fatty Tuna and Flywheel Ventures also participating.
The 3-year-old Groople, which stands for "groups of people," provides online booking for group travelers. Revenues have been growing at a double-digit pace, company executives said.
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