Funding

[Funding alert] Berlin-based Urban Sports Club Raises €95 Million in Funding

Dec 15, 2023 | By Startup Rise EU

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.

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.

Read also -  London-based Jenesys AI Raises €1 Million in Pre-Seed Funding

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.

RECOMMENDED FOR YOU

recomd
Recent Articles
Boosts Green Energy Solutions Danfoss Acquired ENFOR’s
Startup Rise EU
Jan 4, 2024
recomd
Recent Articles
[Funding alert] Barcelona-based Nebeus Raises €250Million in Funding
Startup Rise EU
Feb 1, 2024
recomd
Funding
AccountsIQ funding news – Dublin-based AccountsIQ Secures €60Million in Series C Round Funding
Startup Rise EU
Jun 13, 2024

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.

Read also -  Italian Startup Smartpricing Secures €13 Million in Funding

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.

Read also - Cologne-based Metal Trading Platform METYCLE Secures €4.7 Million in Funding

Recommended Stories for You

story
Funding

[Funding alert] Stuttgart-based Metergrid secures €2.7 million Seed Funding

Startup Rise EU Sep 27, 2023

story
UK

[Funding alert] Abingworth raises $356 million for new Clinical Co-Development Co-Investment Fund (CCD-CIF)

Startup Rise EU Oct 31, 2023

story
Funding

Char.gy funding news – EV Charging Startup Char.gy Secures €118.25Million in Funding

Startup Rise EU Jun 22, 2024

story
Funding

[Funding alert] Paris-based Insurtech Startup Orus Raises €11 million Series A Round Funding

Startup Rise EU Oct 10, 2023

story
Funding

[Funding alert] Bratislava-based CloudTalk Secures €26 Million in Series B Round Funding

Startup Rise EU Jan 17, 2024

story
Funding

Cancer Biotech Startup, Infinitopes Secures £12.8Million in Seed Funding – FUNDING NEWS

Startup Rise EU May 1, 2024