The recent acquisition of US-based Kourts joins Playtomic’s broader M&A strategy developed over the past 18 months, when the company performed other acquisitions in the US (Tennisbookings), Spain (CentroReservas and Reservaplay), Sweden (Mycourt and Bokatennis), the UK (Fastcourts), Belgium (TennisOnline), Italy (PrenotaUnCampo), and Portugal (AirCourts).
These transactions allow for the unification of booking systems and social sharing in a market that is accelerating its digitalisation. With this, Playtomic will quickly expand geographically and achieve regional dominance by offering a best-in-class product, prompting strong network effects as more clubs and users are onboarded.
Walid Fattah, Co-Founder and CEO of Kourts and future head of Playtomic North America, said: “I was impressed with what the Playtomic team had achieved in Europe, and this transaction was a natural fit with our DNA being so similar. Joining forces provides a significant step forward in our shared mission to grow racket sports and our commitment to provide powerful services and tools for clubs and players.”
Felix Ruiz, Co-Founder and Co-CEO of Playtomic, commented: “We are very excited to start operations in the US. Kourts was the leader there and it was very difficult for us to make this deal happen. Walid is an aggressive entrepreneur with an impressive track record in the racket sports industry. Now he will lead Playtomic in that part of the world. This is the beginning of a big change in the industry, and leading the US brings us closer to achieving our goals.”
Per Roman, Co-Founder and Managing Partner at GP Bullhound, and serving as Chairman of the Board of Playtomic, commented: “We have the vision to be the best mobile application for racket sports players and software platform for club owners globally. With these acquisitions, the company unlocks growth runways in new markets where the booking experience is well behind the expectations of digital citizens.”
We are proud to have supported Playtomic since its infancy, having invested through GP Bullhound Fund IV, which focuses on growth-stage businesses in the software, digital media, marketplaces and fintech sectors. GP Bullhound’s recent investments include Whoop, DuckDuckGo, Discord, Patreon, Vivino, Revolut and Klarna among others.
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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 10 offices spanning Europe, the US and Asia. For more information, please visit www.gpbullhound.com