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Spanish sports app Playtomic raises funding, valued at $273m
Spanish sports-tech startup Playtomic has achieved a valuation of 250 million euros (US$273 million) following a recent funding round.
The company raised 55 million euros (US$59.79 million) in equity from various funds and secured an additional loan of 10 million euros (US$10.9 million) from Banco Santander.
Playtomic provides a mobile app for booking racket sports courts.
It plans to use the funds to expand globally, targeting the United States, Britain, and Germany.
The company collaborates with 6,000 clubs across 63 countries and has an average of 1.5 million active users each month.
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