Verdane leads funding round in Urban Sports Club to grow B2B biz in Europe

 Urban Sports Club is a technology platform for sports and wellness.

  • Existing investors such as HV Capital and ProSiebenSat1 also participated
  • Urban Sports Club’s net revenue grew by 100 percent from 2021 to 2022
  • Verdane made the investment via its Freya XI fund

Verdane has led a €95 million investment in Urban Sports Club, a technology platform for sports and wellness. Existing investors such as HV Capital and ProSiebenSat1 also participated.

Berlin-based Urban Sports Club’s net revenue grew by 100 percent from 2021 to 2022.

Urban Sports Club plans to invest the capital into accelerating its B2B business across its seven European markets: Germany, Netherlands, France, Belgium, Spain, and Portugal and soon also Austria, according to a release. It will be used to enhance the platform and member experience as well as growing the partner network, the release said.

“The company is a driving force behind employee wellbeing and has revolutionised access to sports and wellness for companies and individuals alike,” said Staffan Mörndal, partner at Verdane. “The team has displayed great execution over the years, which has put it in today’s position of sustainable and continued growth.”

Verdane made the investment via its Freya XI fund, which closed in September 2023 at its hard cap of €1.1 billion.

Verdane is a growth investment firm with offices in Berlin, Copenhagen, Helsinki, London, Oslo, Munich and Stockholm.