As the pickleball landscape continues to grow and participation levels in the sport reach higher levels of play, many companies and brands associated with pickleball have garnered the investment community’s attention, including pro athletes and celebrity investors.
Hyperspace Ventures continues to focus on the space, committing significantly to the game’s future with a $5.3 million investment into Pickleball, Inc., the parent company of various leading pickleball entities.
The investment is said to represent a double down on Hyperspace’s existing investments into the game’s key players, including the United Pickleball Association, PPA Tour, Major League Pickleball, DUPR, PickleballCentral.com, TopCourt, Pickleball.com, The Picklr, PickleballTV, Just Courts Construction, and Pickleball tournaments.
“Pickleball continues to surge in popularity as the fastest growing sport in America,” Hypersapce noted in a media release. “Recent data from Pickleheads shows over 48 million people in the U.S. playing the sport in 2024, up 223 percent over the last three years.”
As of 2023, the pickleball market had a valuation of over $1.5 billion, according to the figures cited by the investment firm.
“Global growth mirrors these impressive domestic figures, with the PPA Tour recently expanding into Asia and Australia,” the company said.
The sport’s boom in popularity has caught the eye of top athletes and celebrity investors, including LeBron James, Kevin Durant, Tom Brady, Patrick Mahomes, Scottie Scheffler, Drake, Dude Perfect, Michael B. Jordan, Mark Cuban, and Gary Vaynerchuk, to name a few.
“Our continued investment into pickleball underscores our belief in the sport’s future,” said Taylor Meyer, managing partner of Hyperspace Ventures. “With our partners, we’re excited to help grow and support the communities, leagues, and businesses that are shaping this dynamic market. This $5.3M investment is just the beginning.”
Hyperspace Ventures said this move represents the largest single investment by the company alongside Good Alpha Industries, Sinclair Broadcast Group, and other investors, joining Tom Dundon and Dundon Capital Partners.
Hyperspace Venture’s strategic investment follows the company’s $1.2 million collective 2024 funding into Learn to Win and Bezel, continuing the company’s broader trend to support companies beyond software design and development services.
Image courtesy Skechers
