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Playtomic raises 65M € to expand in the U.S. and strengthen its global leadership
The company secures one of Spain’s largest funding rounds of the year to accelerate its global expansion and drive product innovation
Playtomic, the leading platform for racket sports reservations, including padel and tennis, has secured a €65 million funding round, making it one of the largest investments in Spain this year.
The round was led by Match Invest, the investment vehicle of Playtomic’s CEO, Félix Ruiz, alongside the LFH fund (Luxembourg Finance House, owned by Frank Zweegers). Other participants include Bonsai, Arconas, and other existing investors such as GP Bullhound and FJ Labs.
Additionally, Banco Santander has provided €10 million in debt financing, offering strategic financial support to the company.
The U.S.: Playtomic’s Next Big Move
With a presence in 63 countries and a thriving community of 1.5 million active players per month, Playtomic has transformed the digital landscape of padel and tennis. Now, the company is setting its sights on the U.S., a market with huge growth potential.
“This is the perfect time to enter the U.S. market because padel is taking off,” says Félix Ruiz, who has relocated to Florida to oversee the expansion.
Currently, the U.S. has only 500 padel courts, but that number is expected to grow to 3,000 by 2026. With over 50 clubs already active on its platform, Playtomic aims to become the go-to digital platform for padel in North America.
Growth, Technology, and Strategic Acquisitions
The investment will be allocated across three key areas:
- U.S. expansion
- Product and technology development
- Financial reinforcement and potential acquisitions
“There are acquisition opportunities in this sector, and we want to be well-positioned to take advantage of them,” says Ruiz.
Playtomic’s growth trajectory has been remarkable, with a 40% annual growth rate. In 2024, the company surpassed €240 million in gross revenue and expects to reach €350 million in 2025, with net revenue projected at €31 million.
Despite being profitable, Playtomic’s primary focus remains growth and market expansion, particularly in the U.S., UK, and Germany.
Playtomic’s growth trajectory has been remarkable, with a 40% annual growth rate. In 2024, the company surpassed €240 million in gross revenue and expects to reach €350 million in 2025, with net revenue projected at €31 million.
Despite being profitable, Playtomic’s primary focus remains growth and market expansion, particularly in the U.S., UK, and Germany.
The Future of Padel Runs Through Playtomic
With this latest funding round, Playtomic will continue enhancing its club management software, Playtomic Manager, while optimizing the player experience. Upcoming features include:
- Point-of-sale (POS) system
- Advanced management for activities, academies, and tournaments
- Expanded support for multi-location clubs
Currently, Playtomic collaborates with over 6,000 clubs worldwide, and its team keeps growing. The company has over 200 employees and plans to hire 15 more this year.
With this fresh capital injection, Playtomic is not only solidifying its leadership but also accelerating padel’s global expansion, bringing the sport to new markets and attracting more players worldwide.