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The Picklr closes Series B funding with $59 million valuation led by Pickleball Inc.

Jun 20, 2024•about 1 year ago

Amount Raised

$59 Million

Round Type

series b

KaysvilleSports

Investors

Pickleball Inc.

Description

The Picklr, North America's fastest-growing indoor pickleball franchise, closed their Series B financing with a valuation of $59 million. The funding, led by Pickleball Inc., ensures rapid growth among several pickleball sectors and solidifies The Picklr's place among top pickleball franchises.

Company Information

Company

The Picklr

Location

Kaysville, Utah, United States

About

The Picklr is North America's fastest-growing network of premium indoor pickleball courts, offering an unparalleled experience for players of all skill levels. With more than 500 state-of-the-art clubs sold nationwide, The Picklr provides programs for beginners to pros, and a vibrant atmosphere. Membership to The Picklr includes access to all club locations nationwide, free court reservations, four clinics per month, and unlimited participation in leagues, competitive play/events and tournaments.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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