THE PICKLR SELLS OVER 300 FRANCHISES AND SECURES $59 MILLION IN SERIES B FUNDING
The Picklr, a leading indoor pickleball franchise, has made waves in the sports industry by selling over 300 franchises in just over 12 months. With 92 locations already under contract and plans to open 38 new locations in 2024 and 72 in 2025, The Picklr is on track to become 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’s recent Series B financing, led by Pickleball Inc., has brought their valuation to $59 million, with a total of $9,000,000 raised. This funding ensures rapid growth among several pickleball sectors and solidifies The Picklr’s position among the top pickleball franchises for both franchisees and enthusiasts.
As the only pickleball franchise partnered with Pickleball Inc., The Picklr will be promoted on the Pro Pickleball Association Tour and featured on live broadcasts, including commercials. Additionally, Pickleball Central and Stack Athletics, sister companies to The Picklr, will provide equipment and apparel at all Picklr locations.
With plans to have locations in more than 32 states by early 2025 and over 1080 pro-style indoor courts available by the end of the year, The Picklr is set to revolutionize the pickleball experience for players of all skill levels. Follow The Picklr on social media for news on locations and tournaments, or visit their website to learn more about owning a franchise.
For media inquiries, contact Lauren Renschler at William Raymond Communications at [email protected] or 310-463-0863.
(Source: The Picklr)
