During the course of the merger in December, Holtzbrinck Ventures, Rocket Internet and the Latvian VC ru-Net invested a seven-digit amount into Urban Sports Club. Before the transaction they held a stake in Somuchmore. With another growth financing of several million Euro Holtzbrinck now became the lead investor.

„The Urban Sport Club showed clearly that rapid growth and the simultaneous integration of the Somuchmore team are not necessarily a contradiction. Thanks to the funding, the corporation can again massively accelerate its expansion”, states David Kuczek, general partner at Holtzbrinck Ventures, reasoning the increase of the stake in the venture.

“We are happy for the confidence Holtzbrinck Ventures places in us after such a short period of partnership” adds Urban Sports Club managing director Benjamin Roth. “With the fresh capital we will push forward the growth regarding members and partners in eight German cities and Paris.”

The Urban Sports Club started into 2017 with a record month and outperformed our own growth objectives considerably. “The desire of many people for more flexibility and variety in their sports drew large crowds into the Urban Sports Community and surpassed our expectations by far” explains Moritz Kreppel, managing director at Urban Sports Club.

Currently, the enterprise works at high pressure to integrate the offering of Somuchmore into a new, common platform under the brand of Urban Sports Club. While already 800 sports partners have been available so far, the merger increases this value to a four-digit number for the first time. The processes of both platforms have already been adjusted for the most part in order to perform the consolidation in a few weeks’ time.

Source + Images: Urban Sports Club