Playtomic has closed a investment round of €65 million, of which €55 million are investment and €10 million are debt from Banco Santander, with the aim of strengthening its leadership in Europe and accelerating its expansion in the United States. This round was led by Match Invest, an investment vehicle headed by the CEO of the company, Félix Ruiz, and the LFH (Luxembourg Finance House) fund.
Playtomic, the world’s largest community and platform for racquet sports, announced it has finalized an investment round of €65 million, including €55 million in equity funding and €10 million in debt financing from Spanish Bank Santander. The capital infusion will be utilized to bolster and expand Playtomic's global presence, with a particular emphasis on US, UK or Germany, as well as with product and technology enhancements.
The fundraise was led by Match Invest, an investment vehicle spearheaded by Félix Ruiz and the renowned fund LFH (Luxembourg Finance House), owned by Frank Zweegers. Additional notable investors include funds Bonsai and Arconas and existing investors, GP Bullhound and FJ Labs.
Speaking about the fundraise, Félix Ruiz, CEO of Playtomic said, “Playtomic is rapidly expanding worldwide and specifically in the US and the news couldn’t come at a more pivotal moment. We are thrilled to announce this capital increase and are confident that customers will not only notice enhancements within our technology, but they will also be excited about the growth of Playtomic worldwide which will enrich our community.”
Growth and expansion of Playtomic
Playtomic has seen tremendous growth, with gross revenues exceeding €240 million in 2024, fueled by a 40% annual growth rate. Playtomic has reached 6,000 clubs and 1,5M active players per month, further highlighting the increasing popularity of Padel worldwide.
Playtomic currently has clubs available in 63 countries, with padel gaining traction in strategic regions such as the US, UK, Germany, and APAC. The company's primary focus is the US market, where padel is experiencing significant growth. Playtomic has already activated +50 clubs in the platform, anticipating a very rapid market growth for Padel, expected to reach three thousand courts by 2026.
Technology and product
The investment will fuel product development 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. The company will also continue to develop its Point of Sale system (POS), activities, academy and tournament features and to expand functionality for multi-venue clients.
As a leader in the padel and racquet sports industry, Playtomic is dedicated to improving the player experience in the app, making booking, matchmaking, and community engagement smoother and more enjoyable. Playtomic is constantly exploring new opportunities and channels to generate incremental value for its ecosystem. This strategic effort further emphasizes Playtomic’s position as the world’s largest community-building platform for racquet sports.
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