AO Ventures, the investment arm of the Australian Open and Tennis Australia, is funding Padel Haus, a U.S.-based operator of padel clubs.
Padel Haus has raised $7 million in an oversubscribed Series B round with plans to triple its footprint in the U.S.
A report from Syracuse University predicts staggering growth for the racket sport commonly described as a mix between tennis and squash.
Founded by Santiago Gomez in 2022 in Brooklyn, Padel Haus now has three NYC clubs, with new openings set for Nashville, Denver and Atlanta.
Padel Haus' new Atlanta club is set to open in early 2025, marking the brand's seventh location nationwide.
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