mysportgroup Raises €13.5M in Series B Funding

According to reports, mysportgroup, a Berlin, Germany-based e-commerce startup, has raised €13.5m in Series B funding.

Backers include Nauta Capital, Cipio Partners and existing investors XAnge Private Equity, IBB and Grazia Equity.

The company intends to use the funding to grow and improve its position in the online sports and outdoor market.

Founded by Albert Schwarzmeier, the company operates a sports shopping club (mysportbrands) and an online shop mysportworld.



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