The Picklr has successfully closed its Series B financing, achieving a valuation of $59 million. This brings the total raised by the company to $9 million, a testament to its strong growth trajectory.
Under the leadership of Pickleball, Inc., the parent company to the largest pickleball brands worldwide, including the Carvana Professional Pickleball Association (PPA Tour), Pickleball Central, Pickleball Brackets/Pickleball Tournaments, PickleballTV, Pickleball.com and TopCourt, the Series B financing will not only assist in its rapid growth but also solidify The Picklr’s place among the top pickleball franchises.
The company reported selling “300-plus franchises in just over 12 months, with 92 locations under contract.” In 2024, The Picklr projects it will open 38 locations, with 72 new locations coming in 2025. In the next nine months, The Picklr expects to open new locations in 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.
The Picklr said it will have locations in more than 32 states by early 2025, “securing their position as the largest provider of indoor pickleball clubs globally.”
“It’s no secret that the game of pickleball has exploded in popularity,” said Jorge Barragan, CEO of The Picklr. “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 1,080 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.”
As the only pickleball franchise partnered with Pickleball, Inc., The Picklr will reportedly be promoted on the Pro Pickleball Association Tour (PPA Tour) and featured on live broadcasts, including commercials. Pickleball Central, the pickleball superstore, will now be at all Picklr locations, making demos and pre-releases of new pickleball equipment available to Picklr players. Stack Athletics, the pickleball-specific performance apparel and sister company to The Picklr, will also be sold at all Picklr locations.
“Pickleball, Inc. represents the best in the game,” said Connor Pardoe, CEO of Pickleball, Inc. “Our partnership with The Picklr has allowed us to keep pace with the rapid growth of the game as we work together to bring access to high-quality outdoor-style surfacing, a complete pro shop powered by Pickleball Central, unlimited league play, tournaments, and open play to all of those who love the sport.”
Image courtesy The Picklr
