Planetics expands pre-seed financing

The Munich-based start-up has thus raised a mid-six-figure sum in total. The final amount was not disclosed.

Almost six months after announcing its first financing round, the Munich-based start-up Planetics has now announced the expansion of its pre-seed round. In total, the young company has raised a mid-six-figure sum, although the exact amount was not disclosed.

Founded in fall 2020 by Alexandros Taflanidis, Fabian Hörst and Raphael Breitner, the start-up is an online marketplace for sustainable sporting goods. In order to prove the sustainability of the products offered there, the start-up says it tests them intensively and publishes the value-added information The founders want to encourage the sports industry as a whole to become more sustainable.

One of the new supporting business angels is Dietmar Kruse, former Managing Principal of Ebiquity. He invested in Planetics "because the concept serves two absolute megatrends with sustainability and sport/health and therefore has great potential". Existing investor Bernd Geilen, former board member of the bank ING Diba, has invested again. "The growing product range, increasing sales and the dedicated team were decisive factors for a further investment."

According to Planetics, it cooperates with more than 100 partners from over 14 countries. The founding team intends to use the money raised to further expand its market presence and product range. "For us, this is the result of focused and dedicated work on the one hand, and on the other hand it means that we can continue to pursue our vision of changing the sports industry in the long term," says co-founder Hörst.