MySportGroup, a Germany-based sports retailer, has raised €13.5m ($17m) in its series B round from a consortium including XAnge Private Equity, which invests on behalf of France’s main postal service.
Alongside XAnge as a repeat investor were venture capital firms IBB and Grazia Equity, while peers Nauta Capital and Cipio Partners came into the consortium as new members.
In its second year after foundation in 2010 by Albert Schwarzmeier and Erik Pfannmöller, MySportGroup posted revenue increase of more than 800% and set up its own logistics hub of 10,000m² in Berlin.