Geocapital Partners and Barclays Ventures have successfully completed a second round of funding for Iglu.com, the European provider of online winter holidays.

The two venture capital groups have thrown a lifeline of £2.7m (€4.46m) to Iglu.com. Barclays Ventures led the round with an investment of £2m and Geocapital Partners, which led the first round of funding, put up the remaining £700,000.