21sportsgroup, a Mannheim, Germany-based sports e-tailer, secured €15m in growth lending.
Eso Capital provided the financial resources.
The company intends to use the funds to execute its strategy combining organic growth with select acquisitions.
Led by Michael Burk, Chief Executive Officer, and Dr. Henner Schwarz, Managing Director & Chief Financial Officer, 21sportsgroup is a sports platform with an integrated multi-channel offering of running, cycling, triathlon, action sports, streetwear, outdoor and football apparel and equipment. In addition to its vertical online shops, the company provides a multi-sports offering through its integrated marketplace complemented by 14 flagship stores and its private shopping club Clubsale.
21sportsgroup is present across Europe with a focus on Germany, Austria, Switzerland, France, BeNeLux, Italy and Spain.