More money for Sponsoo

Lisa Marie Münster Lisa Marie Münster | 01.02.2021

The Hamburg-based start-up can once again expand its Series A financing. Money comes from the European Super Angels Club (ESAC).

In the summer of 2020, Sponsoo already got money in a Series A funding from the European Super Angels Club (ESAC). Now the backers have increased their participation once again by a six-figure amount. With this, the company is looking to expand further into other markets such as Spain.

Sponsoo connects athletes and sponsors, online they can sign contracts. The industry has been successful even during the Corona pandemic: "Sport acts as a beacon of hope and a "mood booster" during the Corona crisis. It stands for a healthy lifestyle and gives people courage during this difficult time. Sponsorship in sport is therefore uniquely linked to emotion," says CEO Andreas Kitzing. Sponsoo was also able to increase its sales in 2020.

"Sponsors did not have an online platform to conclude contracts until now, however, the pandemic has favoured digitalisation in this market as well. Sponsoo has perfectly seized this opportunity and gained important market share," Berthold Baurek-Karlic, President of ESAC, explains his investment.


Like it? Please spread the word:


Newsletter

Startups, stories and stats from the German startup ecosystem straight to your inbox. Subscribe with 2 clicks. Noice.

LinkedIn Connect

Take care, give care

Did this news inform or entertain you? Then we would be happy if you tell your network about it.

Share on Linkedin Share on Facebook Share on Xing

Related companies

Startup 2014 Hamburg Sponsoo Sport marketing marketplace for efficient storytelling and brand communications

FYI: English edition available

Hello my friend, have you been stranded on the German edition of Startbase? At least your browser tells us, that you do not speak German - so maybe you would like to switch to the English edition instead?

Go to English edition

FYI: Deutsche Edition verfügbar

Hallo mein Freund, du befindest dich auf der Englischen Edition der Startbase und laut deinem Browser sprichst du eigentlich auch Deutsch. Magst du die Sprache wechseln?

Deutsche Edition öffnen

Similar posts