The Picklr Secures $59M Valuation Following Series B Funding Round

The Picklr, North America’s fastest-growing indoor pickleball franchise, has successfully closed its Series B financing round, achieving a valuation of $59 million and raising a total of $9 million. This funding round, led by Pickleball Inc., the parent company to major pickleball brands such as the Carvana Professional Pickleball Association (PPA Tour), Pickleball Central, Pickleball Brackets/Pickleball Tournaments, PickleballTV, Pickleball.com, and TopCourt, ensures accelerated growth across multiple pickleball sectors and strengthens The Picklr’s standing as a premier franchise for both franchisees and enthusiasts.

Over the past year, The Picklr has sold more than 300 franchises, with 92 locations under contract. In 2024, 38 Picklr locations are set to open, followed by an additional 72 in 2025. New locations will soon be established in states including 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 a presence in over 32 states, making it the largest provider of indoor pickleball clubs globally.

The Picklr Secures $59 Million Valuation Following Series B Funding Round“The surge in pickleball’s popularity is undeniable,” said Jorge Barragan, CEO of The Picklr. “With strong corporate leadership and an enthusiastic team of franchise owners, we are poised to expand further, bringing more courts and a vibrant community to players worldwide. By the end of 2025, The Picklr will offer over 1,080 pro-style indoor courts and, supported by the largest pickleball database in the U.S., we anticipate rapid membership growth at all our locations.”

As the only pickleball franchise partnered with Pickleball Inc., The Picklr will benefit from promotion on the Pro Pickleball Association Tour (PPA Tour) and feature in live broadcasts and commercials. Pickleball Central, the leading pickleball superstore, will be present at all Picklr locations, offering demos and early releases of new equipment exclusively to Picklr players. Additionally, Stack Athletics, a leader in pickleball-specific performance apparel and a sister company to The Picklr, will have its products available at all locations.

“Pickleball Inc. embodies the best in the sport,” said Connor Pardoe, CEO of Pickleball Inc. “Our partnership with The Picklr enables us to keep pace with the sport’s rapid growth. Together, we provide access to high-quality outdoor-style surfacing, a comprehensive pro shop powered by Pickleball Central, and unlimited league play, tournaments, and open play for all pickleball enthusiasts.”

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