Dryvebox, a San Francisco, CA-based mobile golf simulator company, raised an undisclosed amount in funding.
Backers included TMRW Sports, Old Tom Venture Club, and EP Golf Ventures, the investment partnership between the PGA of America and Elysian Park Ventures.
The company intends to use the funds to expand operations and its business reach.
Founded in 2020 by CEO Adeel Yang, Jake Hutt, Tim Lin and Matt Gipple, Dryvebox is an off-course golf entertainment company which is known for its events, where people play golf on simulators integrated into its patented mobile golf trailers (“Boxes”). The weatherproof, climate-controlled, and solar-powered boxes serve events ranging from intimate parties to 100,000-person affairs. Between events, individuals use the boxes for coaching, personal practice, and play. It currently has both corporate and franchised units across the United States.
Dryvebox more than doubled its fleet of mobile golf simulators this year. So far in 2024, the
company has opened 16 new Boxes in cities across the US, plus one in Kelowna, Canada.
Other Boxes, including those in Edison, NJ, and Napa, CA, are set to launch soon.
Dryvebox has also attracted major brands, including Cobra Puma, Topgolf, Genesis, Lexus and Malbon Golf.
FinSMEs
14/10/2024