What is SPORTIME?
SPORTIME is a comprehensive sports and fitness provider, offering a wide array of indoor and outdoor tennis courts, state-of-the-art fitness clubs, and versatile sports arenas. Headquartered in Kings Park, New York, the company is dedicated to furnishing its members with exceptional environments and expert instructional programs designed to foster athletic development and well-being. The recent enterprise-level funding suggests a strategic push towards expansion and enhanced service offerings.
How much funding has SPORTIME raised?
SPORTIME has raised a total of $146M across 2 funding rounds:
Debt
$2M
Debt
$144M
Debt (2020): $2M with participation from PPP
Debt (2025): $144M led by Comvest Partners
Key Investors in SPORTIME
Comvest Partners
Comvest Partners, a private investment firm established in 2000, specializes in providing both equity and debt financing to middle-market companies. Their involvement suggests a strategic alignment with SPORTIME's growth objectives.
PPP
Public-Private Partnership
What's next for SPORTIME?
With the recent major strategic investment, SPORTIME is poised for significant advancement. The infusion of capital is expected to fuel the company's expansion initiatives, potentially leading to the development of new facilities, the enhancement of existing programs, and the adoption of innovative technologies to improve member experiences. This strategic financing will likely enable SPORTIME to solidify its market position and explore new avenues for growth within the competitive sports and fitness industry.
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