Fairgrounds Inc.

Based in Canada, Fairgrounds Inc. specializes in recreational racket sports, offering accessible venues for pickleball and padel while enhancing player experiences through quality facilities and equipment. Founded in 2022, Fairgrounds Inc. operates from Toronto, Canada, providing recreational racket sport facilities.

The company has executed one deal to date, with the most recent deal occurring on October 9, 2025. Fairgrounds was established by individuals with a vision to promote social engagement through sports. Fairgrounds Racket Club primarily offers an innovative approach to recreational racket sports, specifically pickleball and padel. Their core services include accessible court bookings at various locations, where players of all ages and skill levels can participate in these rapidly growing sports.

The company operates multiple venues, including Leaside, Cloverdale, Rosehill, Vaughan, and Stackt Market, providing high-quality courts designed for optimal play experiences. Additionally, Fairgrounds features a pro shop that offers a range of products including paddles, apparel, and accessories tailored for both sports, aimed at enhancing the player's experience. The customer base encompasses individuals and groups seeking social engagement, fitness, and skill development, primarily targeting the North American market, with an emphasis on urban areas where these sports are gaining popularity. Fairgrounds Racket Club generates revenue through a variety of structured transactions designed to facilitate participation in their facilities and events.

The primary source of income is derived from court bookings, which can be made on an hourly basis, allowing customers to pay directly for the time they wish to use the facilities. In addition, the company offers memberships that provide various benefits, including discounted court rates and access to exclusive events. Sales from their pro shop also contribute to revenue, featuring branded merchandise and high-quality sports equipment such as their flagship paddles, the Playmaker Paddle and Ultimate Padel Racket. By blending direct-to-consumer sales with membership options, Fairgrounds effectively serves a diverse clientele, fostering a strong community atmosphere while driving financial performance through these multiple revenue streams.

In October 2025, Fairgrounds Inc. raised an undisclosed amount of Series A funding led by new investor Back Forty. The company plans to utilize this funding to expand into new Canadian cities, improve current sites, and cover operational needs.