The Picklr, a Kaysville, UT-based indoor pickleball franchise, raised a Series B funding, at $59M valuation.
The round was led by Pickleball Inc.
The company, which has raised $9M in total funding, intends to use the funds for growth among several pickleball sectors and consolidation among top pickleball franchises.
Led by CEO Jorge Barragan, The Picklr is an indoor pickleball franchise. With nearly 200 clubs, professional coaching, it offers a pickleball experience for players of all skill levels. All locations provide professional-grade outdoor surfacing, technology, and access to free leagues, tournaments, and clinics.
In 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.
FinSMEs
21/06/2024