By Reuters
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MADRID - Spanish startup Playtomic, which rents racket sports courts through a mobile phone app, bought its rival in Germany, Switzerland and Austria GotCourts, the company said on Tuesday.
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Through the acquisition and a 56 million euro funding round in December, Playtomic reached a valuation of more than 200 million euros ($225.16 million), its co-CEO Felix Ruiz said.
Playtomic said it is now present in 34 countries and has more than one million active players registered.
($1 = 0.8883 euros)
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