COLIZEY RAISES €8 MILLION TO STRENGTHEN ITS GAME
- Colizey’s goal by the end of 2022 is to list 500 partners, to bring its offer to more than 1 million sports items, while continuing to offer expert advice and expand in Europe.
- The Series A round includes investment firms Cathay Innovation, Aglaé Ventures, Cassius Family and top athletes Tony Parker and Teddy Riner.
Paris, September 15th, 2021 – Colizey, the first French marketplace 100% dedicated to sports, has reached a new milestone in its growth with an €8 million fundraising. The Series A round, led by Cathay Innovation, brings together historic investors Aglaé Ventures, Cassius Family and Tony Parker, as well as new investors among which Teddy Riner. Colizey had previously raised €2.5 million in its seed round in May 2020.
In a European market where the supply of sporting goods remains highly fragmented, Colizey is reinventing the online shopping experience by connecting its partner stores (brands, stores and e-retailers) with consumers on a single platform. With 110 partners, the marketplace currently lists more than 1,000 brands in 27 different sports, offering sportsmen and women quality technical products at the best price.
The objective of this fundraising is threefold. By the end of 2022, Colizey wants to list more than one million products from 500 partners, in order to increase the variety of the offer proposed to consumers. The platform will also improve consumer support throughout the purchasing process, especially with advanced search filters, dedicated technical data sheets and the development of its community of sports experts, who will be able to advise consumers on their purchases. Finally, Colizey, which has already been active in France for two years, aims to develop its offer in Europe in 2022.
“Sport is key to the wellbeing of people and their personal development. We were looking for a platform providing access to technical sports products and making the life of athletes & sports enthusiasts easier, and we are glad to join Colizey’s journey with the common ambition to build the leading platform for sports good distribution.”
Jean-François Cochy, Investment Director at Cathay Innovation, a global venture capital platform that invests in startups positively impacting the World through technology
“Our investments in Back Market and Mano Mano have confirmed the relevance of marketplace models. We believe that Colizey is ideally placed to allow sports enthusiasts to discover new premium or technical brands and to find the equipment best suited to their practice.”
Cyril Guenoun, co-Founder and Managing Partner of Aglaé Ventures, an investment company backed by Agache, the holding company of the Arnault family and the controlling shareholder of LVMH
“I am delighted to continue to support this innovative French project in the world of sports. Colizey is the future of online sports retail.”
Tony Parker, four-time NBA champion and President of the largest French basketball club
Launched in 2019, Colizey is a French online marketplace specializing in sports that connects brands and specialty stores with sports enthusiasts. The goal is simple: to offer the best technical products at the best price. How? By combining the advantages of today’s e-commerce (simple navigation, real-time prices, quick purchase) with what makes the strength of specialized stores (quality offering, purchasing advice, technical information, online help). In the end, the company wants to reinvent the whole experience of buying sports goods so that every athlete, whether a beginner or an experienced one, can find what he or she is looking for.
Cathay Innovation is a global venture capital partnership, created in affiliation with Cathay Capital, investing in startups at the center of the digital revolution across North America, Latin America, Europe, Asia and Africa. Its global platform unifies technology investment across continents, investors, entrepreneurs and leading corporations to accelerate startup growth with access to new markets, invaluable industry knowledge and introductions to potential partners from the start. As a multistage fund with over $1.5 billion assets under management and offices across San Francisco, New York, Paris, Shanghai, Beijing and Singapore, Cathay Innovation partners with visionary entrepreneurs and startups positively impacting the world through technology.