Pickleball Inc. Receives $225M Investment

Apollo Sports Capital and Tom Dundon have announced a $225M investment in Pickleball Inc., a Hyperspace Ventures portfolio company and the new parent company of PPA Tour and Major League Pickleball.

The capital raise results in the largest single operator pickleball ecosystem ever, uniting pro + amateur play with leading tech, retail, and infrastructure.

Pickleball Inc.’s newly-merged business combined to generate $140M+ million in 2025 revenue, with record-breaking growth across verticals.

Hyperspace Ventures remains all-in on the future of pickleball, demonstrated by our purchase of the Palm Beach Royals, the Palm Beach Royals Champions, and continued investment into Pickleball Inc.

Pickleball Inc. now consolidates the core pillars of the sport under one roof. The PPA Tour and Major League Pickleball anchor the professional side with 150+ signed players, national broadcast distribution, and record-setting viewership. On the amateur side, their platforms power thousands of tournaments and leagues annually, with dominant market share in organized play.

Across the ecosystem, assets like Pickleball Central (the largest dedicated retailer in the category), PickleballTournaments.com, and Pickleball TV extend that reach into commerce, software, and media, while Just Courts and facility partners continue building out the physical infrastructure behind the sport’s growth.

The momentum at the player level is just as strong. Pickleball has been the fastest-growing sport in the U.S. for five straight years, reaching roughly 24 million players, and is now one of the most widely played sports in the country.

At the pro level, the model is starting to show real durability. Events are drawing meaningful viewership, total player payouts exceed $30M annually, and the coed structure continues to drive one of the more compelling formats in professional sports today.

This raise gives the combined entity the ability to keep scaling across media, infrastructure, and international expansion, with far more control over the full player and fan experience than most leagues ever achieve this early.