PingPod, the table tennis on-demand concept with three New York City locations, has raised $10 million in a Series A funding round led by Sequoia Heritage. KittyHawk Ventures and Draper Gain Family Office also participated in the round.
PingPod launched in 2020 on the Lower East Side in New York City, adding a second location on West 37th Street in 2021. The start-up has three more New York City locations in the pipeline and a Philadelphia location set to launch this spring.
“Table tennis is among the top 10 sports in terms of participation and popularity worldwide and a fast-growing sport in the US. It is PingPod’s mission to enable and accelerate that growth by making table tennis affordable and accessible to all,” said Max Kogler, co-founder and CEO, PingPod.
“PingPod was resilient throughout COVID because our autonomous setup allows customers to enjoy an already socially distant sport in a contactless fashion. Coming out of the pandemic, we’re seeing sign-up and volume growth accelerate as people emerge from their homes looking for fun, fitness-related activities to do. We are more confident than ever that we’ll find ample demand as we open new locations across different neighborhoods and cities,” said David Silberman, co-founder and CFO, PingPod.
