Berlin-based Urban Sports Club raises €95 million in funding. The round is led by Verdane, a specialist growth investment firm that partners with tech-enabled and sustainable European businesses. Several existing investors such as HV Capital and ProSiebenSat1 have also participated in the latest round.
With the support of Verdane, Urban Sports Club plans to invest the new capital into further acceleration of its fast-growing B2B business in seven European markets: Germany, Netherlands, France, Belgium, Spain, Portugal and soon also Austria.
Further, the new capital will be used to enhance the platform and member experience as well as further growing the partner network, which already includes more than 11,000 venues covering over 50 types of sports and wellness activities.
The investment is a consequence of Urban Sports Club’s focus on the employee benefits market, which now accounts for the vast majority of its member base. Together with Verdane, Urban Sports Club will continue to strengthen its position as a leading provider of corporate sports and fitness in Europe.
Staffan Mörndal, Partner at Verdane, says: “We’re beyond excited to partner with Urban Sports Club. The company is a driving force behind employee wellbeing and has revolutionised access to sports and wellness for companies and individuals alike. The team has displayed great execution over the years, which has put it in today’s position of sustainable and continued growth. We are very much looking forward to shaping the future of the industry together.”
Moritz Kreppel, CEO and co-founder of Urban Sports Club, adds: “With Verdane, we welcome on board one of the most renowned growth investors. We are fully convinced that Verdane’s expertise and investment culture is a great fit to our purpose of inspiring people to lead active and healthy lives. Together we are well positioned to scale Urban Sports Club to the next level in the months and years to come.”
About Urban Sports Club
Urban Sports Club, Europe’s leading platform for sports and wellness, is dedicated to inspiring people to live healthy and active lives through the largest and most diverse offering. From fitness, yoga, swimming and climbing to team sports and wellness offers – members can design a unique training plan from over 50 sports across Europe and check in for sports via smartphone app.