Payntr Golf raised $1 million in investment capital in the second quarter, adding to other highlights for the first half, including double-digit growth and expansion of its retail presence. The company reported pro golfer Jason Day also took an equity stake in the brand in March 2024, in addition to the $1 million capital raise, which further fueled growth.
The company reported a 62 percent increase in units shipped and a 55 percent increase in total sales in the first quarter compared to Q1 2023.
Payntr Golf said it became North America’s fastest-growing golf footwear brand in 2022 and 2023 (off a low base) and believes it is on “a similar trajectory” to continue that level for three years running.
The company also reported it has shipped to date more shoes to customers in the first six months of 2024 than it did through the entirety of 2023.
Payntr Golf reported that 43 percent of its sales are direct-to-consumer, “demonstrating strong online and digital presence and the ability to connect directly with its customers.” And according to the company, large retailers, including the PGA Tour Superstore, also carry several of the brand’s models.
Globally, Payntr Golf said it has “significantly expanded its retail presence by increasing the number of green grass and major retail partners, now servicing distribution partners in North America, the UK, Europe, Korea, Japan, Southeast Asia, and South Africa.” With this expansion, Payntr Golf said it covers “over 90 percent of the worldwide golf footwear market.”
Paynter Golf launched in 2021 with one style and three colorways and has since expanded its product line to include over 20 styles and 200 different SKUs, which include training shoes catering to the evolving needs of golfers and athletes.
Image courtesy Payntr Golf / Jason Day
