Sportclubby: capital increase of €950,000 thanks to LigurCapital and Finpiemonte
Thanks to regional funding, the resources for the sports and wellness booking platform Sportclubby, which today has a user base of 500,000 athletes in Italy, amount to $2 million (€1.67 million). The first capital increase, which began with a crowdfunding campaign on Mamacrowd, also involved, among others, the Oltre Venture fund and the sportech incubator Wylab.
From crowdfunding to regional funding, a boost to capital increases for the companies that operate in the world of sport. In fact, a total of $2 million (€1.67 million) has been raised by Sportclubby, the platform for booking camps and activities online, outdoors, and in the gym, which has grown at a rate of 200% during the early days of the coronavirus pandemic.
Find more about Sportclubby’s capital increase and read the latest business news with our companion app Born2Invest.
The online booking platform
Finpiemonte and LigurCapital have injected $1.14 million (€950,000) into Sportclubby’s second capital increase. Specifically, the Piedmont Region’s finance company provided $600,000 (€500,000) through a non-repayable grant, while the Ligur Region’s “arm” contributed $540,000 (€ 450,000) thanks to a convertible loan.
The first capital increase, which began with a crowdfunding campaign on Mamacrowd, also involved, among others, the Oltre Venture fund and the sportech incubator Wylab. Thanks to the new resources, Sportclubby will consolidate its position on the Italian market, continuing to grow its user and club base, which today already numbers more than 500,000 sportsmen and women throughout Italy, distributed across a network of over 700 facilities, camps, federations, and personal trainers. To do this, it will focus on the development of new features for gyms and users and the integration of new complementary services related to sport and wellness, to offer an increasingly complete sports experience, from a single point of access.
The numbers of the booking app
With 6 million bookings in 2020 alone, Sportclubby has become the most downloaded sports app in Italy. Through its large multi-sport database – which is constantly expanding – it is able to perform predictive analysis on training habits, to improve and increase the practice of physical activity and multiple disciplines. During the lockdown months, thanks to the first platform to manage bookings, schedules, subscriptions, mobile payments, sports micro-insurance, promotions, and other digital services for sports, the startup has grown at a rate of 200%, allowing dozens of clubs to migrate their schedules online and outdoor and continue working safely.
By further enhancing its platform, Sportclubby will continue to drive the digitization of the sports industry. According to a recent study, in fact, the new hybrid offer generated by the health emergency will weigh up to 27% of the market in 2021 alone, permanently flanking indoor activity with online (in live streaming and on demand) and outdoor activity.
“We are particularly satisfied – ” commented Andrea Benveduti, Councillor for Economic Development of Regione Liguria – to have financially helped a reality of our territory that has been able, thanks to its innovative spirit, to combine the passion for sport with the endless opportunities of digitalization. Chiavari, which in the past has proven to be a land of avant-garde, has been able to seize the opportunities of the Ligurcapital fund dedicated to high-potential start-ups, with venture capital operations that have brought 1.5 million regional euros to the territory. We hope that the pandemic does not stop the traditional Ligurian desire to do business, because, even more than yesterday, we need to work as a team to study innovative solutions for our tomorrow”.
“In an industry that has been completely overturned in the last year,” said Biagio Bartoli, CEO and co-founder of Sportclubby, “we’ve been able to anticipate the growing role of digital in sports. While many clubs have already begun to redefine their business models in a hybrid and multi-service key, our platform has made it possible to simplify many aspects that today represent the new face of sport. Digital payments, community, online classes, safety regulations. The financing obtained will allow us to respond rapidly to a rapidly growing demand and consolidate the leadership that distinguishes us in the field of big data on sport.
(Featured image by kinkate via Pixabay)
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in Il Sole 24 ORE, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
The TopRanked.io Weekly Digest: What’s Hot in Affiliate Marketing [Week 21]
With car prices predicted to tank, there's an opportunity for affiliates to cash in big. To learn how, all you...
Miwendo Opens Round of €4 Million after Capturing €1.6 Million from Health
In November, Miwendo developed a first clinical study, and will now work on a second, both at the Hospital Clínic...
Coinbase Signs License Agreement to Provide Liquidity and Custody Services with Bitpanda
As Coinbase begins its European expansion, the licensing agreement with Bitpanda serves as a strategic move to capitalize on opportunities...
P&G SGR and UpsideTown Launch Energy Town Fund Dedicated to Renewables
EnergyTown represents an innovation in terms of the target for raising funds on a fintech platform: the first round that...
Cape Verde PM Asks Banks to Change Perception of Financing in Agriculture and Fisheries
POSER was funded at a cost of $36.9M by the Government of Cape Verde, the International Fund for Agricultural Development...
Biotech2 weeks ago
Galenicum Reaches €186 Million in 2022, 24% More than in 2021
Featured3 days ago
QED Investors Closes Two Funds for Nearly $1 Billion to Invest in Fintech Companies
Cannabis1 week ago
How Europe is Preparing to Legalize Cannabis
Crypto6 days ago
The Number of Crypto Owners in Turkey Increased by 27%