Urban Sports GmbH announced that it has received €80 million in funding from a group of investors
June 28, 2021
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Urban Sports GmbH announced that it has received more than €80 million in funding led by SevenGrowth on June 29, 2021. The transaction also included participation from new investor, Claret Capital Partners, returning investors, HV Capital Adviser GmbH, Partech Partners SAS, RTP Global, Rocket Internet SE and INKEF Netherlands Manager B.V. SevenGrowth acquired 15% stake in the company..
Rocket Internet SE is a Germany-based company active in the investment management and fund operator industry. The Company identifies, builds, scales and retains ownership of Internet companies. It mainly operates in three sectors: e-commerce, including retail companies in the areas of fashion, general merchandise, home and living, office supplies and food groceries; marketplace, comprising companies active in fields such as real estate, travel, transport and food delivery which offer buyers and sellers venues for direct transactions, among others; and financial technology, containing companies bringing together borrowers and lenders in areas like the consumer and small and medium-sized enterprise segments. As a holding company, Rocket Internet AG holds interests in operating subsidiaries divided into regional Internet groups entailing the geographic regions Africa, Asia Pacific, Latin America and the Middle East. The Company has a controlling interest in HelloFresh GmbH.