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Adidas heirs invest in the Graz-based start-up Venuzle

Venuzle team © Venuzle

The Graz-based start-up Venuzle arranges sport facilities and courses and offers administrative software to sports suppliers.

The Adidas heirs (IeAD) and Startup300 have now made fresh capital available to the company in Graz within the context of a new round of investment. IeAD Sports LTD now holds a 4.3 percent stake in the start-up, and the German IeAD accelerator owns an 8.7 percent shareholding. The founders continue to own more than 70 percent of the company. Venuzle aims to primarily invest the new inflow of capital in market development.

Eversports is another start-up in Austria dedicated to linking people to sports facilities. Eversports raised fresh capital in the spring and has also acquired other start-ups in Germany and Austria in order to expand. In Germany Eversports recently purchased Appointman, the largest competitor, which also processes about 150,000 bookings each month. Eversports focuses on private sports offerings, whereas Venuzle’s specialty is municipal offerings.

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