Playtomic raises $70 million in funding, accelerating its expansion in the U.S. market

New funding will be directed towards developing to improve club management and player experience

Funding enhances Playtomic’s position as the world’s largest community-building platform for racquet sports

Playtomic, the world’s largest community and platform for racquet sports, recently announced it has finalized an investment round of $70 million (€65 million), including €55 million in equity funding and €10 million in debt financing from Spanish bank Banco Santander. The capital infusion will be utilized to bolster and expand Playtomic's global presence, with a particular emphasis on US  as well as with product and technology enhancements. The announcement comes just in time for RacquetX, America’s Racquet Week taking place in Miami (March 22 - March 24).

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. 

Playtomic has seen tremendous growth, with gross revenues exceeding $260 million (€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.

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.”

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. Playtomic has also obtained a $11 million debt facility from Spanish bank Banco Santander. 

For more information, download the Playtomic app or visit https://playtomic.io/.