GotCourts raises $1 Million, plans to expand European footprint
GotCourts connects players of racquet sports, coaches, and operators of court facilities via an online community and provides a marketplace for them to engage. The fresh funding will be used to bolster GotCourts’ position in Switzerland and to expand to additional European markets.
The Seed funding round was led by investiere.ch, with participation of FortyOne Group and a number of business angels from Switzerland and Germany. Existing investors incl. Swiss Founders Fund as well as professionals from the tennis industry also doubled down in this round.
“Over the past two years we’ve focused on building the best tech product in the industry” explains Zurich-based CEO Diego Seitz. By deploying improvements on the club administration platform as well as by redesigning large parts of the member applications, the number of users more than doubled over the course of 2017. Clubs can also now organize internal championships with real time rankings of participating players. “Our product roadmap is still packed with features that we will roll out over the course of the coming months” continues Seitz.
GotCourts as market leader
Today, GotCourts is the largest online community of its kind in Europe and currently processes approx. 2,000 court bookings every day. Members of GotCourts get access to more than 1,000 courts at ca. 300 clubs in Switzerland and 200+ courts throughout Europe on its marketplace. “Going forward, we’ll put a lot of emphasis on helping clubs outside of Switzerland to get started with GotCourts to allow our members to book their courts” elaborates Seitz. Furthermore they will add a player network to their mobile app that directly benefits players in finding hitting partners for their next game.
As a SaaS platform, GotCourts helps court facilities to optimize utilisation and unlocks substantial efficiency gains while at the same time reducing operational costs. Having won the support of large investors confirms not only the competitiveness of GotCourts with regards to its value proposition for players and clubs, but also the sustainability of their business model.
“The quality of the management team as well as the consistently positive feedback from members and customers of GotCourts convinced us. We’re excited to join the journey of GotCourts and look forward to supporting the team in reaching future milestones” says Chris Gay-Crosier, Investment Manager at investiere.ch.