GP Bullhound Invests in Playtomic to Support Global Expansion

March 21, 2025

Madrid, 21 March 2025 - GP Bullhound is proud to announce its continued support for Playtomic, the world’s largest racket sports facility operations platform, as part of a $70 million funding round. The round was led by Match Invest, a joint venture between Playtomic CEO Felix Ruiz and Luxembourg Finance House, with additional participation from Bonsai and Arconas, as well as existing investors GP Bullhound and FJ Labs.

Team

Sector

Software

Region

Southern Europe

Playtomic partners with more than 6,000 clubs across +60 countries, and is set to accelerate its global expansion, particularly in the United States, where the market for padel is poised for significant growth. The company plans to allocate one-third of the new funding to U.S. expansion, one-third to product development, and one-third to strategic M&A activity.

GP Bullhound has been a long-term supporter of Playtomic, first investing in the company in 2018. Commenting on the investment, Per Roman, Managing Partner at GP Bullhound, said: “We recognized Playtomic’s potential early on and have been proud to support its journey from an emerging player in sports tech to a global category leader. With the rapid expansion of padel, particularly in the U.S., Playtomic is well-positioned to leverage the structural tailwinds of AI, which are accelerating adoption in sports tech, and Playtomic is at the forefront of this shift. We are excited to continue backing the company as it scales its platform, enhances its product offerings, and solidifies its leadership in the market.”

The company also plans to introduce new features, such as tools for player-coach connections and league management, further strengthening its value proposition for clubs and its 1.5 million active players.

Felix Ruiz, Co-founder and CEO of Playtomic, emphasized the company’s ambitious vision: “Now, there are only 500 padel courts in the United States, and we aim to gain 75% of the market in the next six months. With the backing of our investors, including GP Bullhound, we are well-positioned to drive rapid expansion and innovation in the industry.”

Other recent investments from GP Bullhound include Q-CTRL, LeoLabs, Mentimeter, Sesame, and ConnexAI, among others.

Enquiries
For enquiries, please contact Carlos de la Esperanza, at carlos.delaesperanza@gpbullhound.com

About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999 in London and Menlo Park, the firm today has 13 offices spanning Europe, the US and Asia. For more information, please visit www.gpbullhound.com