About Tennis Point
Tennis Point is a company based in Bielefeld (Germany) founded in 2007 by Christian Miele and Thomas Welle was acquired by Fromuth Tennis in June 2024.. Tennis Point has raised $6.26 million across 1 funding round from investors including SIGNA, Vorwerk Ventures and Omnes Capital. The company has 359 employees as of December 31, 2021. Tennis Point operates in a competitive market with competitors including Nk Store and Tennis Warehouse Europe, among others.
- Headquarter Bielefeld, Germany
- Employees 359 as on 31 Dec, 2021
- Founders Christian Miele, Thomas Welle
-
Sectors
Media & Entertainment
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
$47.55 K (USD)-34as on Dec 31, 2022
-
Net Profit
$-25.71 K (USD)-184as on Dec 31, 2022
-
EBITDA
-
Total Equity Funding
$6.26 M (USD)
in 1 rounds
-
Latest Funding Round
$6.26 M (USD), Series A
Jun 26, 2012
-
Investors
SIGNA
& 3 more
-
Employee Count
359
as on Dec 31, 2021
- Acquired by
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Funding Insights of Tennis Point
Tennis Point has successfully raised a total of $6.26M through 1 strategic funding round. The most recent funding activity was a Series A round of $6.26 million completed in June 2012. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $6.3M
-
First Round
First Round
(26 Jun 2012)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2012 | Amount | Series A - Tennis Point | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Tennis Point
Tennis Point has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include SIGNA, Vorwerk Ventures and Omnes Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Vorwerk Ventures is engaged in venture capital funding for tech startups.
|
Founded Year | Domain | Location | |
|
Private equity firm focused on energy transition and sustainable investments across Europe.
|
Founded Year | Domain | Location | |
|
Real estate properties are developed and managed in Austria.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Tennis Point
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Tennis Point
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tennis Point Comparisons
Competitors of Tennis Point
Tennis Point operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Nk Store and Tennis Warehouse Europe, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
An ecommerce platform offering racket sports accessories.
|
|
| domain | founded_year | HQ Location |
Sells tennis rackets, apparel, shoes, bags, and strings online to customers.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Tennis Point
When was Tennis Point founded?
Tennis Point was founded in 2007 and raised its 1st funding round 5 years after it was founded.
Where is Tennis Point located?
Tennis Point is headquartered in Bielefeld, Germany. It is registered at Bielefeld, North Rhine-westphalia, Germany.
Who is the current CEO of Tennis Point?
Sascha Beyer is the current CEO of Tennis Point.
Is Tennis Point a funded company?
Tennis Point is a funded company, having raised a total of $6.26M across 1 funding round to date. The company's 1st funding round was a Series A of $6.26M, raised on Jun 26, 2012.
How many employees does Tennis Point have?
As of Dec 31, 2021, the latest employee count at Tennis Point is 359.
What is the annual revenue of Tennis Point?
Annual revenue of Tennis Point is $47.55K as on Dec 31, 2022.
What does Tennis Point do?
Tennis Point was founded in 2007 in Bielefeld, Germany, as an online retailer specializing in tennis products. Apparel, shoes, rackets, gear, coaching equipment, and nutrition supplements from various brands are offered for purchase through its platform. Operations focus on e-commerce distribution to customers across Europe, with inventory managed from the German base. Leadership includes founder Christian Miele, co-founder Thomas Welle, and CEO Sascha Beyer.
Who are the top competitors of Tennis Point?
Tennis Point's top competitors include Nk Store and Tennis Warehouse Europe.
Who are Tennis Point's investors?
Tennis Point has 4 investors. Key investors include SIGNA, Vorwerk Ventures, Omnes Capital, and Fromuth Tennis.