The Pickleball Club

The Pickleball Club

Closed: Jun. 2021

About this raise

The Pickleball Club, with a valuation cap of $17 million, is raising funds on Republic. The club is being developed to be the premier membership-based indoor pickleball facility in the United States. The first two clubs are under development in Sarasota, Florida. Brian McCarthy and Matthew Gordon founded The Pickleball Club in November 2019. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $5,000,000, will be used to complete the development of new locations, augment the corporate development team, and add more locations. The Pickleball Club already has 600 people on the membership waitlist for Sarasota clubs. Each club will include indoor courts, a pro shop, and a juice bar.

Expand

Investment Overview

Not Funded: $0

Deal Terms

Total Commitments

Platform
Republic
Start Date
04/13/2021
Close Date
06/27/2021
Min. Goal
$50,000
Max Goal
$5,000,000
Min. Investment

$150

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$17,000,000

Discount

0%

Company & Team

Company

Year Founded
2019
Industry
Media, Entertainment & Publishing
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Sarasota, Florida
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Matthew Gordon
Title
Co-Founder
Founder Name
Brian McCarthy
Title
CEO

Funding data not publicly available

Financials

 Revenue
$0
 Monthly Burn
$3,670
 Runway
20.4 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-44,044

$-5,235

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$74,959

$322,277

Accounts Receivable

$0

$0

Total Assets

$324,132

$347,727

Short-Term Debt

$0

$32,962

Long-Term Debt

$0

$0

Total Liabilities

$0

$32,962

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
06/27/2021 Republic $17,000,000 $0 SAFE Not Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.
Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
The Pickleball Club on Republic
Platform: Republic
Security Type: SAFE
Valuation: $17,000,000

Follow company

Follow The Pickleball Club on Republic

Buy The Pickleball Club's Deal Report

Warning: according to the close date for this deal, The Pickleball Club may no longer be accepting investments.

The Pickleball Club Deal Report

Get Kingscrowd's comprehensive report on The Pickleball Club including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether The Pickleball Club is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the The Pickleball Club deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge