Photo: Planetics

Successful financing for Planetics

Planetics, its online marketplace for sustainable and fair sporting goods, has successfully completed its first six-figure financing round. Less than a year after its founding, the startup has attracted various investors. The capital raised will primarily be used to further expand its market presence.

In a current financing round, the Munich startup is raising Planetics a six-figure sum. Several investors are participating in the round, including Bernd Geilen, former Deputy CEO of ING Bank; Andrea Lederer, former Amazon CEO and Director of E-Commerce Central Eastern Europe at Douglas; Arno Gerken, Senior Partner and Global Leader of the McKinsey Risk Practice; and Jürgen Habermann, former Managing Director of SportScheck.

Transparent platform for sports enthusiasts

Jürgen Habermann explains its involvement as follows:

"Planetics has managed to combine sustainability and sports on a single platform in a relatively simple and, above all, transparent way for sports enthusiasts. In addition, with the marketplace, they have created a hub for fair and sustainable sports brands, which are thoroughly reviewed according to their own criteria. The Planetics founding team's absolute consistency and conviction also inspired me and won me over for their first round of financing."

The investor round is complemented by two additional investors.

First point of contact for sustainability in sports retail

The fresh capital also motivates the Planetics-Team around the three founders Raphael Breitner, Fabian Hörst and Alexandros Taflanidis to big goals:

“Together with the additional financial resources and the valuable experience and expertise of the investors, we want to take the next steps with Planetics to establish ourselves as the first point of contact for sustainability in sports retail.”

To achieve this, the focus in the coming months will be on both the continuous expansion of the product range and on increasing Planetics' brand awareness.

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