Peoople announced closing a strategic investment round with the Spanish media group Planeta

Spain Investments 04 February 2020
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Peoople, a Madrid, Spain-based company building a business based on a lifestyle social networking mobile app, announced the completion of a capital investment round.

The deal, which has the financial details undisclosed, included a media for equity component, made with the Spanish media group Planeta.

Peoople, founded in 2016 by CEO David Pena and Gonzalo Recio, built a mobile app that acts as a social network of lifestyle recommendations. According to Spanish media, the app has almost 2 million users and more than 1,000 influencers using the platform.

Prior to this announcement, Peoople raised €1.2 million from investors including Gate 93 Ventures, Seed CDC, The Venture City and Spanish angel investors.