Playtomic has just closed The largest financing round of the year in Spain: 65 million euros that will use to grow in key markets such as the United States, the United Kingdom and Germany, in addition to improving the experience of its users. In a statement, the Spanish startup has explained that «the paddle is in the world boom, and the United States is one of the markets with the highest growth. With more than 50 clubs already on our platform, we prepare for rapid expansion, with the forecast of having 3000 clues for 2026. With An annual growth rate of 40% and more than 240 million euros In gross income in 2024, the future of racket sports is now being forged ».
The operation, that raises the valuation of the company at 273 million eurosit consists of 10 million euros in debt, provided by Banco Santander, and 55 million euros in capital. The project is headed by Match Invest, an investment vehicle created by Félix Ruiz, CEO and founder of Playtomic, in collaboration with the Luxemburgue Fund LFH.
Playtomic has experienced significant growth in recent years, benefiting from the rise of the paddle and the increase in digitalization in the sports sector. Playtomic's impact on the sports community is evidenced in its figure of 1.5 million active players per month, distributed in more than 6,000 clubs around the world. Currently, the company operates in 63 countries, consolidating as a reference in the digitalization of sports experience.
This new financing will allow you to accelerate your expansion in strategic markets, improve your technology and expand your community of players and clubs.
Playtomic: from a simple app to a global sport giant
In 2017, Pedro Clavería, Félix Ruiz and Pablo Carro They gave life to Playtomic, a startup initially conceived as a platform to reserve paddle tennis clues. Over time, the company expanded its scope, incorporating other racket and team sports. The idea was clear: if you can book movie tickets, tables in restaurants or online hotel rooms, why not also facilitate the reserve of sports facilities?
Through their application, users can Find and easily reserve clues of clubs that use their software. This has allowed Playtomic to become an ally for both players and sports centers, offering an efficient digital solution in Spain and international level.
The company's business model is based on intermediation: Playtomic acquires access to clues available in clubs and manages reservations, charging a commission for each transaction. His innovative approach captured the interest of investors since its inception. In 2021, he managed to close a financing round of 56 million eurosled by GP Bullhound and with the participation of Félix Ruiz, Claret Capital Partners and Optimizer Invest.
In addition to organic growth, Playtomic has opted for expansion through strategic acquisitions. Between 2019 and 2021, the company bought a dozen companies in key markets such as the United States, Sweden, the United Kingdom, Belgium, Italy and Portugal, which allowed him to gain international presence and diversify his business.
Image: Flux Schnell
