The Padel Club - Funding Round Success

As we previously communicated back in January, we entered into a funding agreement with Endeavour Ventures and FS Ventures. This round has proven to be a huge success and The Padel Club Ltd are now looking towards an exciting period of growth.

Kris Ball, Founder & CEO of The Padel Club said,

The past few months has really exceeded our expectations and we are now very excited about implementing the next steps. Not only was our funding round oversubscribed, but we were also able to further strengthen our team, our board of directors and our pipeline of locations. This round has seen us strengthen the leadership team in terms of finance, property and marketing, as well as expanding our network, including some very experienced and influential investors. This is a real advantage as we roll out our first sites and look to grow rapidly in the coming years.

Since our previous announcement, we have been able to agree terms at a number of locations, to prepare their respective planning applications as well as being introduced to some incredible sites.

In addition, we have started to make new hires, particularly in the fields of property, marketing and project management. Kris added,

I am very fortunate to now have such an amazing team around me and this will prove to be a huge strategic advantage. I am excited to also be hiring some very experienced people to solidify our team. Having a great team will be fundamental to our success and we certainly have some excellent people on board.

Now that this round is complete, with a new team on board, we can focus our efforts on creating new sites, delivering an amazing product and an unrivalled player experience.

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