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Spanish Startup Playtomic Valued at $273 Million in New Funding Round
Published by Global Banking & Finance Review®
Posted on March 19, 2025
1 min readLast updated: January 24, 2026
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Spanish startup Playtomic is valued at $273 million after a new funding round, with plans to expand globally, especially in the US, UK, and Germany.
Playtomic Achieves $273 Million Valuation in Latest Funding
MADRID (Reuters) - Spanish startup Playtomic, which rents racket sports courts through a mobile phone app, achieved a valuation of 250 million euros ($273 million) in a new funding round, its chief executive Felix Ruiz said on Wednesday.
The company raised 55 million euros in fresh equity from several funds, he said in a statement. It also secured a 10 million euro loan from Banco Santander.
Playtomic plans to use the proceeds to increase its global reach and grow in the United States, Britain and Germany, it said.
Playtomic, which has enrolled 6,000 racket sports clubs in 63 countries and has an average 1.5 million active users per month, booked 240 million euros in revenues in 2024.
(Reporting by Inti Landauro. Editing by Mark Potter)
Key Takeaways
- •Playtomic valued at $273 million in new funding.
- •Raised 55 million euros in fresh equity.
- •Secured a 10 million euro loan from Banco Santander.
- •Plans to expand in the US, UK, and Germany.
- •Enrolled 6,000 clubs in 63 countries with 1.5 million active users.
Frequently Asked Questions about Spanish startup Playtomic valued at $273 million in new funding round
1What is the main topic?
The article discusses Playtomic's recent funding round, which valued the company at $273 million, and its plans for global expansion.
2Who is the CEO of Playtomic?
The CEO of Playtomic is Felix Ruiz.
3What are Playtomic's expansion plans?
Playtomic plans to expand its reach in the United States, Britain, and Germany.
