Puttshack Raises $150 Million In Growth Capital

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Puttshack announced today it has completed a growth capital round of $150 million from funds managed by BlackRock and continued support from Promethean Investments. Puttshack is the first and only upscale tech-infused mini golf experience of the world that offers global food and beverage. The new funding will support the rapid growth strategy of Puttshack in the United States, spreading its high-energy and cutting-edge experience to several cities all over the nation.

Puttshack, the world’s first and only upscale tech-infused mini golf experience with global food and beverage, announced today it has completed a growth capital round of $150 million from funds managed by BlackRock and continued support from Promethean Investments. The new funding will support Puttshack’s rapid growth strategy in the United States, bringing its cutting-edge and high-energy experience to more cities across the nation.

Puttshack started out in 2018 in London where they first introduced their mini golf game that was mainly tech-driven. Currently, Puttshack has two locations in the U.S. and four in the U.K. New locations in Miami and Boston are scheduled to open in 2022 fall, closely followed by one in St. Louis this winter. Im addition to these, other locations in Dallas, Denver, Houston, Nashville, Philadelphia, Pittsburgh, and Scottsdale, plus a second location in Atlanta, are all expected to open in 2023. The announcement fo these other U.S. locations will be made very soon. This latest round of funding lets the team to continue securing real estate opportunities that are both unique and desirable as it expands into more top markets.

Logan Powell, Group CFO of Puttshack, is optimistic about the growth of Puttshack. “As the global leader in the emerging and growing market of competitive socializing, we have found immense success since opening our first two U.S. venues in Atlanta and Chicago last year,” he said. “This new capital from BlackRock will allow us to further expand and bring our one-of-a-kind concept to more cities across the country. Our guests are our top priority; therefore, we will continue investing in innovative technologies to enhance the overall guest experience with a seamless booking platform and novel mini golf game components only available at Puttshack.”