Matchi announced getting into an investment agreement with Verdane and Sprints Capital.

Matchi, a Gothenburg, Sweden-based company operating a marketplace for booking sport events and venues, announced getting into an investment agreement for raising capital.

The deal, estimated by the local media at SEK 200M ($24M) including secondary transactions, was made with the London-based investor from Sprints Capital and with the Norwegians from Verdane Capital. Both investors will own equal ownership stakes in the company.

Proceeds will be used to scale our business both at home and internationally.

Matchi, founded in 2012 by CEO Daniel Ekman and Mattias Lundström, developed a marketplace that connects racket sports players and venues, by offering a simplified court booking and payment system, activities and courses, player partnering and automated racket rentals. The company is a niche market leader in the Nordics, with over 860,000 registered players and more than 1,000 active venues on the platform, active in Norway, Denmark, Finland, Spain and the United Arab Emirates.

Matchi has 50 employees and says that it produced approximately SEK 60M ($7.2M) in 2020.