Madrid-based Playtomic, a platform for tennis, padel, and pickleball, has raised €65M to expand in Europe and the US. The Spanish company allows racket sports players to book courts and connect with other players.
The funding includes €55M in equity and €10M in debt from Banco Santander.
The round was led by Match Invest, an investment vehicle driven by Playtomic’s CEO and founder, Felix Ruiz Hernandez, and LFH (Luxembourg Finance House), owned by Dutch entrepreneur Frank Zweegers.
Expansión reports that the round also included participation from Bonsai, Arconas (the investment vehicle of the Sainz de Vicuña family), and existing investors GP Bullhound and FJ Labs.
Spanish tennis player Rafael Nadal is among Playtomic’s co-shareholders.
Capital utilisation
In a statement translated from Dutch, Alexander Villaverde Zweegers, co-director of Match Invest and Playtomic, says, “We are delighted and proud that we can enter the next growth phase with Playtomic. The interest in the platform shows that there are high expectations, and we can meet them in the coming period.”
The funds will support Playtomic’s expansion in the United States, the United Kingdom, and Germany, as well as further development of its platform. More than 50 clubs are already on the platform in the US, with 3,000 courts expected by 2026.
Playtomic CEO Félix Ruiz, who is also a participant in Match Invest, adds, “Playtomic is expanding rapidly worldwide, and especially in the US, which makes this news perfect timing.”
“We are extremely excited to announce this capital injection and are convinced that customers will not only notice improvements in our technology but will also be excited about Playtomic’s global growth, which will further strengthen our community.”
A platform for racket sport clubs and players
Founded in 2017 by Felix Ruiz Hernandez, Pedro Clavería Gonzalez, and Pablo Carro, Playtomic is a platform for racket sports that connects clubs and players through its app, allowing users to book courts for padel, tennis, and pickleball, find opponents, and join groups.
The platform operates in 63 countries, serving more than 6,000 clubs and 23,000 courts. Currently, the company’s app is already used by three million players worldwide.
Playtomic has grown alongside padel’s increasing popularity, with a gross turnover exceeding €240M last year and an annual growth rate of around 40 per cent.
The company continues to enhance its platform to improve the experience for sports clubs and players. Updates include improvements to its club management software, Playtomic Manager, and further development of its POS system.
The platform is also expanding features for activities, academies, and tournaments, with a focus on solutions for clubs with multiple locations.
Brief about Luxembourg Finance House
LFH is an international investment company specialising in technology, startups, sustainable energy, mobility, real estate, construction, infrastructure, and financial markets.
Founded in 1995, LFH operates in Europe, North America, and Asia. It is part of Frank Zweegers’ ZBG Group of Companies, alongside real estate developer Breevast and agricultural equipment company Zweegers Equipment.
01
destream: Building the financial backbone of the creator economy