GroupSpaces
Encyclopedia
GroupSpaces is a London
-based online company that provides technology to help real-world clubs, societies, associations and other groups manage their membership and activities, and promote themselves online. Founded by Oxford University students David Langer
and Andy Young, the company was launched in the United Kingdom in 2007 and has since expanded into the United States and over 30 other countries. As of November 2010, its software is used to host over 1 million memberships.
The company also generates revenue by allowing graduate recruiters to advertise their campus activities and promote their opportunities to a highly employable community of students throughout the whole academic year. Campaigns can be targeted to specific universities and audiences such as fraternities, hobbyists and entrepreneurial clubs.
Since 2007, GroupSpaces has worked with over 70 graduate recruiters including Allen & Overy
, Clifford Chance
, Slaughter & May, Freshfields, BCG, McKinsey & Company
, Accenture
, Deloitte, PwC, KPMG, Citi, JP Morgan, Barclays Capital, Morgan Stanley
, Bank of England, Deutsche Bank, Credit Suisse
, RBS, UBS, Lloyd's of London and the NHS. GroupSpaces also works with many of the leading recruitment agencies in the UK including Euro RSCG Riley, SAS Design, Thirty Three, TMP Worldwide, Stafford Long, Work Communications, Mediacom and City & Law.
The company raised a small amount of angel finance from Avonmore Developments in January 2008. In June 2010 it secured a $1.3 million (£860,000) investment round from Index Ventures and a leading angel investor consortium including Dave McClure
, Chris Sacca
, Simon Levene, Meagan Marks, Ariel Poler and Quincy Smith of CODE Advisors. The previous backers, Stephen Bullock and Simon and Michael Blakey, of Avonmore Developments, also participated in the round.
The funding has been used to expand both the technical and marketing teams in both the United Kingdom and United States. In the first few months of operation in the United States, top schools such as Harvard, Yale
, Princeton
, MIT and Stanford signed on with GroupSpaces.
As a student, Langer was president, treasurer, captain, webmaster and a member of groups with activities ranging from triathlon to table tennis. He cofounded GroupSpaces while studying for a mathematics degree at Oxford University and was subsequently awarded second place in the 2007 UK Graduate of the Year competition. Langer previously worked at JP Morgan, McKinsey & Company and Lehman Brothers.
Andy Young serves as cofounder and CTO of GroupSpaces. He is the creator of Selective Tweets, the most popular third-party app to link Twitter and Facebook, with over 500,000 users and 1.5m status updates per month.
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
-based online company that provides technology to help real-world clubs, societies, associations and other groups manage their membership and activities, and promote themselves online. Founded by Oxford University students David Langer
David Langer
David Langer is an Internet entrepreneur, blogger and a former national table tennis champion for England, as well as having featured on UK TV game shows including ITV1's The Krypton Factor, Channel 4's Countdown and Channel 5's BrainTeaser.- Career :David read Mathematics at St Anne's College,...
and Andy Young, the company was launched in the United Kingdom in 2007 and has since expanded into the United States and over 30 other countries. As of November 2010, its software is used to host over 1 million memberships.
Revenue and funding
GroupSpaces generates revenue via a combination of premium accounts, targeted advertising and transaction commission from payments made through the site. GroupSpaces has also partnered with many leading nationwide networks of groups such as SIFE, Engineers Without Borders and the British Judo Association.The company also generates revenue by allowing graduate recruiters to advertise their campus activities and promote their opportunities to a highly employable community of students throughout the whole academic year. Campaigns can be targeted to specific universities and audiences such as fraternities, hobbyists and entrepreneurial clubs.
Since 2007, GroupSpaces has worked with over 70 graduate recruiters including Allen & Overy
Allen & Overy
Allen & Overy is a global law firm headquartered in London, United Kingdom.A member of the UK's Magic Circle of leading law firms, Allen & Overy is widely considered to be one of the world's elite law firms, advising national and multinational corporations, financial institutions, and...
, Clifford Chance
Clifford Chance
Clifford Chance LLP is a global law firm headquartered in London, United Kingdom and a member of the 'Magic Circle' of leading UK law firms. It is one of the ten largest law firms in the world measured by both number of lawyers and revenue...
, Slaughter & May, Freshfields, BCG, McKinsey & Company
McKinsey & Company
McKinsey & Company, Inc. is a global management consulting firm that focuses on solving issues of concern to senior management. McKinsey serves as an adviser to many businesses, governments, and institutions...
, Accenture
Accenture
Accenture plc is a global management consulting, technology services and outsourcing company headquartered in Dublin, Republic of Ireland. It is the largest consulting firm in the world and is a Fortune Global 500 company. As of September 2011, the company had more than 236,000 employees across...
, Deloitte, PwC, KPMG, Citi, JP Morgan, Barclays Capital, Morgan Stanley
Morgan Stanley
Morgan Stanley is a global financial services firm headquartered in New York City serving a diversified group of corporations, governments, financial institutions, and individuals. Morgan Stanley also operates in 36 countries around the world, with over 600 offices and a workforce of over 60,000....
, Bank of England, Deutsche Bank, Credit Suisse
Credit Suisse
The Credit Suisse Group AG is a Swiss multinational financial services company headquartered in Zurich, with more than 250 branches in Switzerland and operations in more than 50 countries.-History:...
, RBS, UBS, Lloyd's of London and the NHS. GroupSpaces also works with many of the leading recruitment agencies in the UK including Euro RSCG Riley, SAS Design, Thirty Three, TMP Worldwide, Stafford Long, Work Communications, Mediacom and City & Law.
The company raised a small amount of angel finance from Avonmore Developments in January 2008. In June 2010 it secured a $1.3 million (£860,000) investment round from Index Ventures and a leading angel investor consortium including Dave McClure
Dave McClure
Dave McClure is an entrepreneur and prominent angel investor based in the San Francisco Bay Area, who founded and runs the business incubator "500 Startups". He is often described as one of the super angel investors.-Bio:...
, Chris Sacca
Chris Sacca
Christopher Sacca is a venture investor, public speaker, private equity adviser, and former employee of Google Inc. He is an investor in Twitter.-Education:...
, Simon Levene, Meagan Marks, Ariel Poler and Quincy Smith of CODE Advisors. The previous backers, Stephen Bullock and Simon and Michael Blakey, of Avonmore Developments, also participated in the round.
The funding has been used to expand both the technical and marketing teams in both the United Kingdom and United States. In the first few months of operation in the United States, top schools such as Harvard, Yale
YALE
RapidMiner, formerly YALE , is an environment for machine learning, data mining, text mining, predictive analytics, and business analytics. It is used for research, education, training, rapid prototyping, application development, and industrial applications...
, Princeton
Princeton University
Princeton University is a private research university located in Princeton, New Jersey, United States. The school is one of the eight universities of the Ivy League, and is one of the nine Colonial Colleges founded before the American Revolution....
, MIT and Stanford signed on with GroupSpaces.
Founders
GroupSpaces was cofounded in October 2007 by David Langer, 25, and Andy Young, 26, while the two were students at Oxford University. After studying how their college’s clubs and societies worked–and running a few themselves–the two came up with GroupSpaces.As a student, Langer was president, treasurer, captain, webmaster and a member of groups with activities ranging from triathlon to table tennis. He cofounded GroupSpaces while studying for a mathematics degree at Oxford University and was subsequently awarded second place in the 2007 UK Graduate of the Year competition. Langer previously worked at JP Morgan, McKinsey & Company and Lehman Brothers.
Andy Young serves as cofounder and CTO of GroupSpaces. He is the creator of Selective Tweets, the most popular third-party app to link Twitter and Facebook, with over 500,000 users and 1.5m status updates per month.