GLOBAL LEADER IN INDOOR PICKLEBALL CLUBS HAS SOLD OVER 300
FRANCHISES
KAYSVILLE, Utah, June 20,
2024 /PRNewswire/ -- The Picklr, North America's fastest-growing indoor
pickleball franchise, closed their Series B financing with a
valuation of $59 million, bringing
the total raised by The Picklr to $9,000,000. Led by Pickleball Inc., the parent
company to the largest pickleball brands in the world, including
the Carvana Professional Pickleball Association (PPA
Tour), Pickleball Central, Pickleball Brackets/Pickleball
Tournaments, PickleballTV, Pickleball.com and TopCourt,
the Series B funding ensures rapid growth among several pickleball
sectors and solidifies The Picklr's place among top pickleball
franchises for both franchisees and pickleball enthusiasts.
In just over 12 months, The Picklr has sold over 300 franchises,
with 92 locations under contract. 38 Picklr locations will open in
2024, with 72 new locations coming in 2025. In the next nine
months, The Picklr will have all 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. By early 2025, The Picklr will
have locations in more than 32 states, 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 1080 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 be promoted on the Pro Pickleball Association Tour
(PPA Tour) and featured on live broadcasts, including
commercials. Pickleball Central, the leading pickleball superstore,
will now be at all Picklr locations, making demos and pre-releases
of new pickleball equipment available to Picklr players
first. Stack Athletics, the industry leader in
pickleball-specific performance apparel and sister company to
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"
ABOUT THE PICKLR:
At The Picklr, pickleball is more
than just a sport; it's a lifestyle that fosters community,
competition, and fun. With nearly 200 state-of-the-art clubs,
professional coaching, and a vibrant atmosphere, The Picklr offers
an unparalleled pickleball experience for players of all skill
levels. All locations provide professional-grade outdoor surfacing,
best-in-class technology, and access to free leagues, tournaments,
and clinics. Follow The Picklr on Instagram, X,
LinkedIn, Facebook, and TikTok for news on locations and
tournaments, or visit https://thepicklr.com/franchise/ to learn
more about owning a franchise.
Media Contact:
Lauren
Renschler
William Raymond Communications
lauren@william-raymond.com
310-463-0863
View original content to download
multimedia:https://www.prnewswire.com/news-releases/the-picklr-indoor-pickleball-franchise-closes-series-b-funding-with-59-million-valuation-302178194.html
SOURCE The Picklr