Padel continues to court investors, players and private clubs as interest in the racket sport accelerates in America
Racquet 360, a Miami-based racket sports company primarily focused on padel, announced it completed a $9 million funding round in the fourth quarter of 2025 and has already put every dollar to work.
The funds, drawn from a mix of sports-focused private equity funds, angel investors and family offices, were deployed across four business units, with Racquet 360 projecting revenue growth of more than 300% this year.
Investors include Sunrise Padel Capital of Miami, Profluence Capital of St. Petersburg, Florida and Taktika Equity of San Diego.
The capital supported and scaled Racquet 360 brands including National Padel League, RacquetX, a racket sports festival, Racket Central, a digital and retail platform serving padel and pickleball consumers, and Racket Social Club, which now operates four locations.
“This was a strategic raise because we were on the right trajectory and had the milestones to prove it,” Racquet 360 CEO Emiliano Abramzon said. “The U.S. padel market is at an inflection point, and this capital allowed us to accelerate the growth of platforms we had already proven in the market.”
The National Padel League, for its part, wrapped its first season with numbers that are hard to ignore. The league drew more than 1,900 registered players ranging in age from 14 to 71 and fielded more than 160 teams representing 19 clubs nationwide. Its national finals are scheduled for March 13-15 at Reserve Sole Mia in North Miami.
“The amateur player is the backbone of padel’s growth, and these businesses sit right at the heart of that,” Sunrise Padel Capital managing partner Diego Campos said. “We’re proud to be invested in key parts of this story.”
The funding lands as demand for racket sports grows, forcing fitness and private clubs to respond by investing in courts and adding programming. At this year’s PGA Show in Orlando, padel and pickleball were a breakout topic, with some operators reporting longer member stays and new demographics walking through their doors.
Padel — essentially a cross between tennis and squash — is growing particularly fast in North America.
AO Ventures, the investment arm of the Australian Open and Tennis Australia, recently took a stake in Padel Haus, a U.S.-based padel club operator, as part of its $40 million fund. Padel Haus itself closed a $7 million Series B last year and now operates six clubs across the country.
Meanwhile, Epic Padel, a Virginia-based club operator, raised an oversubscribed $10 million seed round last fall to launch its first U.S. clubs, with backing from former pro athletes including hockey star Nicklas Backstrom and former NFL player Tre Boston.
