Pickleball Inc. Raises $225 Million In Growth Funding From Apollo Sports Capital And Dundon Capital Partners
Building Size
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Asset Type
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Closing
May 1, 2026
About this deal
AI
Pickleball Inc. raised $225,000,000 in a growth funding round led by Apollo Sports Capital, with participation from Dundon Capital Partners. The funding will support the expansion of media, events, and infrastructure, and facilitate the integration of assets across its platform.
Summary of transaction details:
- Deal Type: Growth
- Transaction Amount: $225,000,000
- Company Name: Pickleball Inc.
- Key Executive: Connor Pardoe (CEO)
- Notable Investors: Apollo Sports Capital, Dundon Capital Partners
Pickleball Inc. is a U.S.-based startup focused on creating a unified ecosystem for both professional and recreational pickleball. The company's mission involves consolidating leagues, media, and technology to enhance the growth of this fast-emerging sport in the United States.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93