Madrid-based Playtomic is an app for booking tennis and padel courts and connecting 1M active players in 34 countries. The company recently announced that it has raised a €56 million Series C funding round led by GP Bullhound, with participation from Patricia Allen/EU-Startups.
This brings the total amount of funding Playtomic has raised to date to over €100 million, making it one of the most well-funded European companies in the sports and fitness space. In this latest funding round, Playtomic will use the money to expand its operations into additional markets and further develop its leading digital platform.
About Playtomic 1M
Founded in 2018 by CEO Maxi Pons, Playtomic has quickly become Europe’s leading player in the sports and fitness industry. The company’s mission is to connect players across the continent so that they can find each other for games easily, conveniently, and safely. Through its app, players can book courts at participating venues as well as chat with each other about their favorite games.
The app also features a social network so users can stay connected with their friends and review participating venues for better quality control. With more than one million active users across 34 countries, it’s clear that Playtomic has been able to create an engaging platform for both recreational and competitive players alike.
Funding & Expansion Plans
The €56 million Series C funding round was led by GP Bullhound and supported by long-term investor Patricia Allen/EU-Startups. This new capital will be used to expand into additional markets as well as further develop the platform’s existing capabilities including matchmaking technology, payments solutions, analytics tools, and user engagement initiatives.
“We are very pleased to announce our latest investment round,” said Maxi Pons, CEO at Playtomic 1M “With this new funding we will be able to continue our growth trajectory while further enhancing our innovative products.”
GP Bullhound Partner Mark Gilly added: “We are excited about this investment opportunity in a market leader like Playtomic1M who have established themselves as Europe’s go-to destination for tennis & padel players.”
Conclusion
Playtomic 1M is helping drive innovation within the sports & fitness industry by connecting players from across Europe on one convenient platform. With their recent Series C funding round of €56 million led by GP Bullhound and supported by long-term investor Patricia Allen/EU-Startups., it is clear that this Madrid-based startup is on track for even greater success ahead.
