AO Ventures, the investment arm of the Australian Open and Tennis Australia, has made a “significant investment” in Padel Haus, the U.S.-based padel club upstart. The size of the investment was not disclosed.
Combining facilities and community-centered programming, Padel Haus operates six clubs nationwide and has reported plans for continued growth in tandem with the number of U.S. padel players, which is forecast to double by 2030.
Padel Haus Founder and CEO Santiago Gomez said, “This opportunity represents more than an investment. Tennis Australia is one of the most respected sports institutions in the world, and AO Ventures’ decision to invest in Padel Haus is a powerful validation of our long-term approach to building padel the right way,”
Gomez continued, “Padel is still early in its global journey, and partnering with AO Ventures and Tennis Australia, which brings more than 120 years of experience building global sports platforms, creates a credible pathway for continued expansion.”
This is the fourth investment from AO Ventures’ U.S.$40 million fund.
AO Ventures General Partner Dr. Machar Reid said the fund is bullish on padel’s global growth and is actively investing in the sport through a range of partnerships, domestically and abroad.
“As a business, we have observed the explosion of the sport internationally and there are now strong foundations for growth in Australia, with courts, clubs and competitions continuing to be established,” said Reid. “We have closely followed Padel Haus for the past few years and been impressed with Santiago’s ability to repeatedly execute on building premium venues and experiences for Padel players with attractive returns.”
Padel Haus has three locations in New York City, one in Nashville, TN, one in Atlanta, GA, and one in Denver, CO, with an additional location in Dallas, TX, opening later this year.
Image courtesy Padel Haus
