Backspin Pickleball
About this raise
Backspin Pickleball is raising funds on Wefunder. It is a pickleball club for active adults where they can socially gather, play, compete, stay fit, and enjoy a home away from home. The offerings of Backspin Pickleball include functional wellness, pickleball courts, medical services, and community gatherings. Backspin Pickleball has a letter of support from the Executive Director of USA Pickleball and aims to enable the national expansion of pickleball. Sean Graham founded Backspin Pickleball in January 2019. The current crowdfunding campaign has a minimum target of $275,000 and a maximum target of $1.24 million. The campaign proceeds will be used for renovation and construction, sales and marketing, fitness equipment, pre-opening payroll, technology, and working capital.
Investment Overview
Not Funded: $14,475
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 11/03/2022
- Close Date
- 02/24/2023
$275,000
$1,235,000
$100
Revenue Share
Quarterly
RegCF
1.75X
10.00%
Company & Team
Company
- Year Founded
- 2019
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- High
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 02/24/2023 | Wefunder | - | $14,475 | Revenue Share | Not Funded | RegCF |
