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Tuesday, June 28, 2022

MyNextRun raises €500,000

It’s running season again, which is probably why MyNextRun is pushing us news that they’ve raised half-a-million, pushing their total funding to a total of €1 million. The company provides an aggregation and booking service for running events, allowing runners to find and book races ranging from quick and easy 5k’s to ultramarathons.

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MyNextRun is aggregating all the races it can find – even if the races aren’t doing ticketing through MyNextRun’s platform – which helps casual runners like myself to find new events, and helps MyNextRun play the long game of getting new races onto their platform by showing them traffic numbers.

Previously we wrote that the company picked up €170,000 last December.

New investors in this round were Andy Phillipps (Investor & Chairman of YPlan, founder of Active Hotels/Booking.com), Moaffak Ahmed (Investor in Next Games & Nosto), Juha Lindfors and AJP Holding (Investors in Moves App). Also existing investors, including Reaktor Polte, Dreadnought Finance and Tekes contributed to the round.

“We are extremely happy to get the support of investors who have successfully built and advised high growth companies” explains Sami Granfors, CEO of MyNextRun in a statement. “We started our international expansion last year and we already serve almost 400 running events around Europe. Our volumes have grown 700% year-on-year and with the help of the new financing we expect to reach our ambitious growth targets also for this year.”

Judging by races in Helsinki, MyNextRun has been successful in getting organizers over to using their platform for the actual event organization and ticketing. Up north running is such a seasonal effort that it’s good to see them pushing for getting more races across Europe onto their platform. Still, I almost expected them to start pushing some U.S. news by now. Despite the overweight stereotypes America is the golden land of charity 5k’s and fun runs, making it a competitive but profitable country for MyNextRun to move to, if it can get there fast enough.

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