Hyperspace Ventures Bets Big on Pickleball: Hyperspace Ventures, a tech company based in North Carolina, has invested $5.56 million into pickleball ventures since the fourth quarter of 2024. This move is part of a $6.8 million investment strategy aimed at high-growth areas, including the rapidly expanding sport of pickleball.
The investment supports technology, new facilities, and professional pickleball, and positions Hyperspace Ventures as a major backer in a sport that has gained strong traction across the United States. According to Pickleheads, pickleball participation in the U.S. has grown by 223% over the past three years.
Focus on the Pickleball Surge
The company’s large investment in pickleball shows its belief in the sport’s future. With growing interest and rising market value, Hyperspace Ventures sees pickleball as more than just a trend. In 2023, the sport’s market was valued at over $1.5 billion. Peter Fox, Managing Partner at Hyperspace Ventures, said,
“The $6.8 million deployed over the past nine months through Hyperspace’s investment initiative is just the beginning. We’re proud to be building alongside founders shaping the next generation of innovation in the Raleigh-Durham area and beyond.” – (Peter Fox)
Support for Innovation and Community
This effort is not just about money. The investment is part of a bigger plan to work with founders and help build up companies in new and growing spaces. Hyperspace Ventures is partnering with a group of investors and advisors to help support companies beyond software. Taylor Meyer, also a Managing Partner, said,
“At our core, Hyperspace is a software design and development company. We build, launch, and scale digital products. Recently, we’ve begun investing in high-growth companies we work with and have strong conviction in, as another mechanism to support our founders and accelerate their growth.” – (Taylor Meyer)
Long-Term Impact and Next Steps
By investing in pickleball, Hyperspace Ventures is helping shape the sport’s future. This includes more access to new technology, better facilities, and support for pro players. The company’s strong involvement could lead to faster growth for the sport and create more chances for startups in the space.
The pickleball community may now see more innovation and growth, supported by companies like Hyperspace Ventures. Their backing shows that pickleball is not only fun to play but also a smart area for investment.
News in Brief: Hyperspace Ventures Bets Big on Pickleball
Hyperspace Ventures has invested $5.56 million in pickleball-related projects, focusing on technology, new facilities, and pro play. The investment is part of a larger $6.8 million strategy to support high-growth industries. Hyperspace is helping grow the sport as it continues to gain popularity across the United States.
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