MADRID (Reuters) – Spanish startup Playtomic, which rents racket sports courts through a mobile phone app, achieved a valuation of 250 million euros ($273 million) in a new funding round, its chief executive Felix Ruiz said on Wednesday. The company raised 55 million euros in fresh equity from several funds, he said in a statement. […]
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Spanish startup Playtomic valued at $273 million in new funding round
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MADRID (Reuters) – Spanish startup Playtomic, which rents racket sports courts through a mobile phone app, achieved a valuation of 250 million euros ($273 million) in a new funding round, its chief executive Felix Ruiz said on Wednesday.
The company raised 55 million euros in fresh equity from several funds, he said in a statement. It also secured a 10 million euro loan from Banco Santander.
Playtomic plans to use the proceeds to increase its global reach and grow in the United States, Britain and Germany, it said.
Playtomic, which has enrolled 6,000 racket sports clubs in 63 countries and has an average 1.5 million active users per month, booked 240 million euros in revenues in 2024.
(Reporting by Inti Landauro. Editing by Mark Potter)