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HomePickleball NewsUSA Pickleball NewsThe Picklr Secures 59 Million Dollar Series B Funding

The Picklr Secures 59 Million Dollar Series B Funding

The Picklr Secures 59 Million Dollar Series B Funding: Pickleball is now the fastest-growing sport in America for the third year running. The sport, which is a cross between table tennis, badminton, and tennis, was invented by three vacationers on Bainbridge Island, near Seattle, in 1965.

As the sport growing business is also growing In a remarkable display of growth, The Picklr has sold over 300 franchises within just over a year, securing 92 locations under contract. The company plans to launch 38 new venues in 2024, with an additional 72 slated for 2025. By early 2025, The Picklr aims to be operational in more than 32 states, including Alabama, Arizona, California, and New York, establishing itself as the world’s largest provider of indoor pickleball clubs. This aggressive expansion strategy highlights The Picklr’s commitment to making high-quality pickleball facilities accessible nationwide.

The Picklr Secures Series B Funding

The Picklr, North America’s leading indoor pickleball franchise, The Picklr secures 59 million dollar Series B Funding. This round, led by Pickleball Inc., brings The Picklr’s total funding to $9 million. Pickleball Inc. is the parent company of major brands such as the Carvana Professional Pickleball Association (PPA Tour), Pickleball Central, Pickleball Brackets/Tournaments, PickleballTV, Pickleball.com, and TopCourt. This significant investment will drive The Picklr’s rapid expansion and solidify its position in the pickleball industry.

Rapid Expansion Across the United States

In just over a year, The Picklr has sold over 300 franchises, with 92 locations under contract. The company plans to open 38 new locations in 2024 and an additional 72 in 2025. By early 2025, The Picklr will be operational in more than 32 states, making it the largest indoor pickleball club provider globally. New locations will span Alabama, Arizona, California, Colorado, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Louisiana, Maine, Massachusetts, Michigan, Mississippi, Nevada, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Texas, Tennessee, Utah, Vermont, Virginia, and Washington.

Enhanced Visibility and Partnerships

The Picklr’s exclusive partnership with Pickleball Inc. ensures significant visibility and promotional opportunities. The franchise will be featured on the Pro Pickleball Association Tour (PPA Tour) and in live broadcasts, including commercials. Pickleball Central, the leading pickleball superstore, will establish a presence at all Picklr locations, offering demos and pre-releases of new equipment. Additionally, Stack Athletics, known for pickleball-specific performance apparel, will have its products available at all Picklr venues.

Leadership and Community Focus

Jorge Barragan CEO of The Picklr mentioned-  “It’s no secret that the game of pickleball has exploded in popularity, guided by strong corporate leadership and inspired by our enthusiastic team of franchise owners, The Picklr heads into this next chapter with an eye on bringing even more courts and a strong, like-minded community to pickleball players worldwide. The Picklr will have over 1080 pro-style indoor courts available by the end of 2025, and with the largest pickleball database in the United States, we look forward to rapid membership growth at all locations.”

The Picklr Secures $59 Million Series B Funding

About The Picklr

The journey of The Picklr began with a passion for pickleball sparked in 2016. Inspired by the game’s appeal across generations and witnessing its growing popularity firsthand, the founder embarked on creating innovative paddles through Kuro Paddles. Despite challenges like pandemic-related delays and a career shift, the vision for The Picklr persisted. With unwavering determination and support from co-founder Austin Wood, the first location opened in Uintah in April 2021.

Since then, The Picklr has rapidly expanded, securing partnerships with industry leaders and gaining a strong foothold with over 275 locations nationwide, driven by a community united by their love for pickleball. The Picklr provides an unparalleled experience for players of all levels. Each location features professional-grade outdoor surfacing, advanced technology, and access to free leagues, tournaments, and clinics.

News in Brief: The Picklr Secures 59 Million Dollar Series B Funding

The Picklr, North America’s fastest-growing indoor pickleball franchise, The Picklr secures 59 million dollar Series B funding valuation, bringing total funding to $9 million. Led by Pickleball Inc., the investment supports The Picklr’s rapid expansion, with over 300 franchises sold and 92 locations under contract. By early 2025, The Picklr aims to be in more than 32 states, solidifying its position as the largest indoor pickleball club provider globally. The exclusive partnership with Pickleball Inc. ensures high visibility and access to top-tier equipment and apparel, fostering a robust community for pickleball enthusiasts.

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