The fundraising will primarily fuel US expansion and product development.
Playtomic, the global platform and community for racquet sports, has finalized an investment round of $70 million. The fundraise was led by Match Invest, a joint venture between Playtomic CEO Félix Ruiz and LFH (Luxembourg Finance House), owned by Duch investor Frank Zweegers. Additional participants in the round include the funds Bonsai and Arconas as well as GP Bullhound and FJ Labs. Playtomic has also obtained a $11 million debt facility from Banco Santander.
The capital infusion will be utilized to expand Playtomic’s global presence, with a particular emphasis on the US, as well as product and technology enhancements, with a strong focus on enhancing player and club experience. This includes improving the management software for clubs (Playtomic Manager) and enhancing the overall player experience. In addition, Playtomic will continue to develop its Point of Sale system (POS), activities, academy and tournament features and to expand functionality for multi-venue clients, said the company in a statement.
Playtomic, headquartered in Madrid, posted gross revenues exceeding $260 million in 2024, representing a 40 percent annual growth. It is currently operational in 63 countries, with padel gaining traction in key regions such as the US, UK, Germany and APAC.
Through the Playtomic app, players can search and book courts for padel, tennis or pickleball in more than 6,000 partner clubs, or more than 23,000 courts. Through the app, players can also meet new players, find opponents and join groups with other players to improve their game.
