- Companies
- Pickleball Inc.
Pickleball Inc. Revenue, Valuation, Funding & Investors
Pickleball Inc. is valued at $750M as of April 2026, a 5.4x revenue multiple. Pickleball Inc. revenue was $140M, as disclosed with its latest round.
Last Pickleball Inc. valuation
$750M
Undisclosed stage · Apr 2026
Last Pickleball Inc. funding round
$225M
Undisclosed stage · Apr 2026
Pickleball Inc. revenue
$140M
Undisclosed stage · Apr 2026
Key investors in Pickleball Inc.
Apollo Global Management
SC.Holdings
Tom Dundon
Dundon Capital Partners
Al Tylis
Pardoe family
About Pickleball Inc.
Pickleball Inc. is an American professional pickleball company that owns the Carvana PPA Tour and Major League Pickleball, the sport's two leading professional competitions. It was formed in 2026 by combining the two tours with the retailer Pickleball Central, the tournament-software platform PickleballTournaments.com, the consumer portal Pickleball.com, the court builder Just Courts and the channel Pickleball TV. The business earns revenue from media rights, sponsorship, events, retail sales and software, and on a combined basis its units generated more than $140 million of revenue in 2025. It has more than 150 signed professional players and more than $33 million of combined annual prize money, its platforms hosted 4,500 tournaments and 2,000 league seasons in 2025, and a PPA Tour broadcast on CBS in January 2026 averaged 791,000 viewers. On 1 May 2026 Apollo Sports Capital, an investment platform of Apollo Global Management, led a $225 million structured investment in the company. Tom Dundon and the Pardoe family remain the majority shareholders, and PPA Tour founder Connor Pardoe is chief executive.
HQ
Status
Privately held
Customer focus
B2C & B2B
Revenue model
Services
Revenue
$140M (Apr 2026)
Valuation
$750M (Apr 2026)
Sectors
Pickleball Inc. Valuation
Pickleball Inc. is currently valued at $750M, based on its undisclosed-stage round in April 2026. Read the announcement ↗
The $225M round was led by Apollo Global Management, with participation from Dundon Capital Partners.
Pickleball Inc. valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Apr 2026 | Undisclosed stage | $750M | 5.4x |
Pickleball Inc. Revenue
Pickleball Inc.'s latest recorded revenue is $140M, as of its undisclosed-stage round in April 2026. At a $750M valuation, that implies a 5.4x revenue multiple.
Pickleball Inc. revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Apr 2026 | $140M | $750M | 5.4x | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Pickleball Inc. Funding History
Pickleball Inc. has raised a total of $300M across 2 funding rounds.
Pickleball Inc.'s first fundraising round was a $75M undisclosed-stage round in February 2024. The most recent completed round was a $225M undisclosed-stage round in April 2026.
Pickleball Inc. funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2026 | Undisclosed stage | Apollo Global Management (lead); Dundon Capital Partners | $225M | $750M | Pickleball Inc., the newly formed parent company of the Carvana PPA Tour and Major League Pickleball, secured a $225 million structured investment led by Apollo Sports Capital, an investment platform of Apollo Global Management (NYSE: APO), with participation from Dundon Capital Partners. The investment valued Pickleball Inc. at $750 million. Tom Dundon and the Pardoe family remain majority shareholders, with Dundon rolling in additional pickleball assets across facilities, courts, ecommerce, and technology platforms. The capital raise establishes the largest singularly-operated pickleball ecosystem, integrating professional and amateur play with technology, retail, media, and infrastructure. The strategy centers on combining leagues, media, equipment, and infrastructure into a unified platform designed for enhanced monetization. The deal brings together Major League Pickleball, the Professional Pickleball Association Tour, equipment retailer Pickleball Central, tournament platform PickleballTournaments.com, and court installer Just Courts under one parent entity. The combined business generated over $140 million in revenue during 2025 on a combined basis while setting multiple growth records. Apollo Sports Capital CEO Al Tylis characterized professional pickleball as the most successful emerging sports league of the past decade. MLP Commissioner Samin Odhwani stated the investment demonstrates that pickleball has transitioned from an emerging sport to a tier-one sport in America. The investment reflects institutional capital's growing interest in fast-growing sports as valuations in major leagues continue to surge. |
| Feb 2024 | Undisclosed stage | SC.Holdings (lead); Pardoe family; Al Tylis; Tom Dundon | $75M | - | The United Pickleball Association, the holding company formed to combine the Carvana PPA Tour and Major League Pickleball, received a US$75 million investment when the two organisations completed their merger on 29 February 2024. The capital came from private equity firm SC Holdings, D.C. Pickleball Team owner Al Tylis, PPA Tour owners Tom Dundon and the Pardoe family, and a group of existing Major League Pickleball team owners. The merger had first been announced on 13 September 2023 with a US$50 million investment led by SC Holdings and Tylis, but it stalled after a falling-out between the two organisations before the enlarged deal closed. The holding company was named the United Pickleball Association in March 2024, and its board included SC Holdings managing partner Jason Stein, Tylis and Dundon Capital Partners' Matt Turney. The PPA Tour, an individual bracket-style tour founded in 2019, and Major League Pickleball, a team-based league founded by Steve Kuhn in 2021, kept their separate brands and formats under the new parent, which planned to raise combined player payouts by nearly 250% in 2024. In 2026 the United Pickleball Association was combined with Dundon's other pickleball businesses, including Pickleball Central, Pickleball.com and Just Courts, to form Pickleball Inc., alongside a US$225 million investment led by Apollo Sports Capital. The business earns revenue from media rights, sponsorship, ticketing and events. |
Who has invested in Pickleball Inc.?
6 investors have backed Pickleball Inc. across its funding rounds, including Apollo Global Management, SC.Holdings, Tom Dundon, Dundon Capital Partners, Al Tylis and Pardoe family.
Lead investors include Apollo Global Management and SC.Holdings.
Pickleball Inc. Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Apr 2026 | ||
| 1 | Participant | Apr 2026 | ||
| 1 | Participant | Feb 2024 | ||
| 1 | Lead | Feb 2024 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialPickleball Inc. Competitors
Pickleball Inc. competitors include listed companies like Juventus FC, Cannae Holdings and Ollamani, and private ones like Suning Sports, WTA and LiveScore Group.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $2.6B | - | ||
| Private | $143M | - | $750M | 5.2x | ||
| Publicly listed | $586M | $121M | $738M | 2.1x | ||
| Publicly listed | $424M | ($162M) | $767M | 2.2x | ||
| Publicly listed | $348M | $36M | $684M | 1.9x | ||
| Private | $133M | - | $665M | 5.0x |
Pickleball Inc. Public Comps
Pickleball Inc. is still privately-owned, but its public comps include Juventus FC, Cannae Holdings, Ollamani, Borussia Dortmund, Parken Sport, ZO Future Group, Olympique Lyon, Fenerbahce SK, Colab Platforms and MSG Rangers.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $586M | $121M | 1.9x | 2.1x | 9.1x | 9.9x | |||
| $424M | ($162M) | 2.0x | 2.2x | (5.3x) | (16.8x) | |||
| $348M | $36M | 2.3x | 1.9x | 22.3x | 11.2x | |||
| $516M | $103M | 0.8x | 0.7x | 3.8x | 3.4x | |||
| $282M | $84M | 1.9x | - | 6.3x | - | |||
| $21M | ($12M) | 16.3x | - | (28.6x) | - | |||
| $161M | $20M | 5.2x | - | 42.2x | - | |||
| $171M | $17M | 1.9x | - | 19.3x | - | |||
This data is available for Pro users. Sign up to see all Pickleball Inc. competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Pickleball Inc.
| Where is Pickleball Inc. headquartered? | Pickleball Inc. is headquartered in Dallas, TX, United States. |
| Is Pickleball Inc. publicly listed? | No, Pickleball Inc. is a private, VC-backed company. |
| What is Pickleball Inc.'s valuation? | Pickleball Inc. was last valued at $750M in its undisclosed-stage round in April 2026. |
| How much funding has Pickleball Inc. raised? | Pickleball Inc. has raised $300M across 2 funding rounds. |
| What was Pickleball Inc.'s last funding round? | Pickleball Inc.'s last funding round was a $225M undisclosed-stage round in April 2026, led by Apollo Global Management. |
| Who are Pickleball Inc.'s investors? | Pickleball Inc.'s investors include Apollo Global Management, Dundon Capital Partners, Pardoe family, SC.Holdings, Al Tylis and Tom Dundon. |
| What is Pickleball Inc.'s revenue? | Pickleball Inc.'s latest recorded revenue is $140M (April 2026). |
| What is Pickleball Inc.'s revenue multiple? | Pickleball Inc.'s latest valuation implies a 5.4x revenue multiple ($750M valuation on $140M of revenue). |
| Which companies are comparable to Pickleball Inc.? | Companies comparable to Pickleball Inc. include Suning Sports, WTA, Juventus FC, Cannae Holdings, Ollamani and LiveScore Group. |
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