Cipio leads eight-digit funding round for 21sportsgroup

The new funding will be used to support the development of the company's recently announced 30,000-square-metre logistics centre in Ketsch. It is set to open in 2018.

Previous funding
In January 2016, Cipio provided a round of growth capital to 21sportsgroup. ESO Capital then injected a further €15m into the company in October 2016.

Company
Founded in 2010 and based in Mannheim, 21sportsgroup sells sports and outdoor products online. Its product range includes running shoes, bicycles and accessories for runners, cyclists and triathletes. The shop is active in Germany, Austria, Switzerland, France, Benelux, Italy and Spain. It recorded an operating loss of €5m from a €29.6m turnover for the financial year ending December 2015, according to publicly available documents. It employs between 75-100 people.

People
21sportsgroup – Michael Burk (CEO).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• DACH
• Consumer
• Germany