Apollo buys 30% of Tradeinn, valuing the company at over €700 million
On July 2, U.S. investment firm ApolloDealroom has a profile for this one. Try Dealroom → bought a 30% stake in Tradeinn, a major online sports store based in Girona, Spain. The deal is worth more than €200 million and values Tradeinn at over €700 million — a big step toward becoming a unicorn.
Tradeinn was founded by David MartínDealroom has a profile for this one. Try Dealroom → and sells sports products from over 12,500 brands, covering everything from running and cycling to diving and hiking. The platform serves customers around the world and has grown into one of Spain’s most successful e-commerce businesses.
Apollo bought the stake from Suma CapitalDealroom has a profile for this one. Try Dealroom →, which had invested in Tradeinn back in 2015. Since then, the company’s scale and reach have expanded significantly. With this deal, Suma is fully exiting the company.
Apollo brings not only capital but also global experience that can help Tradeinn accelerate its next phase of growth. The company plans to use the support to expand internationally, improve its technology, and strengthen logistics and marketing.
This deal highlights how Tradeinn has become a serious player in online sports retail — and with Apollo’s backing, it’s ready to aim even higher.
Source:
A.M.
