Sports tech startup closes six-figure pre-seed funding round

A London-based tech startup aiming to connect racket sports players has closed a six-figure investment round.

RacketPal has secured £150k in a pre-seed funding round to support its aim of helping more than 1 billion racket sports players meet their ideal playing partners.

Founded in July 2019 by Robert Rizea and Bogdan Demeny, RacketPal allows players to connect through its app.

The firm has secured the funding from fintech investor and tennis enthusiast David Kasper, and aims to use the investment to enhance its existing proposition.

Bogdan Demeny, RacketPal co-founder and CTO, commented: “This funding round will allow us to use the best available technology and create a product that responds to racket sports players’ needs.

“We’re now in a position where we can attract new great talent to complement and enhance our current skill sets. It’s an exciting time and I’m very much looking forward to bringing a great deal of innovation to our users.”

Investor David Kasper added: “I am a big tennis and racket sports enthusiast and a true believer in the power of technology to foster global sporting communities for people of all skills. This is why after seeing RacketPal’s pitch and traction it only felt natural to get behind Robert, Bogdan and their team.

“I’m particularly excited about their vision and mission to become the biggest online sports community, and it’s a great pleasure to be part of such an exciting journey from the very beginning. I can’t wait to see what the future has in store for RacketPal.”

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